Key LevelsResistance Levels: $26, $28, and $30Support Levels: $24, $22 and $19 XAG/USD Price Long-term Trend: RangingXAG/USD price is in a sideways trend but battles the overhead resistance at $28. Following the uptrend on August 3, Silver rallied to a high of $28. The bulls could not sustain the bullish momentum above the recent high. […]
USDJPY Price Analysis – December 25 USDJPY avoids a drop below the monthly price level of 112.780 and is instead positioning itself for more upside movement. There was a failed higher price climb on the 26th of November after USDJPY worked its way upward to break the resistance at 114.500. A sudden slump sent the […]
EURCHF Price Analysis – December 25 EURCHF is being forced to consolidate above the 1.03930 significant level. The market is finally enjoying a period of respite from bearish forces after the price hit an impervious significant support level at 1.03930. While the sellers are still raging, the price has been forced to enter a consolidation […]
Key LevelsResistance Levels: 4710, 4760, and 4800Support Levels: 4560,4530 and 4500 S&P 500 Price Long-term Trend: BullishS&P 500 has been in an upward move amidst false breakouts. The market reached the high of level 4714.40. The index price is above the moving averages indicating a possible upward movement of prices. Since November 1, the uptrend […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in an upward move as it reaches an overbought region. The index price has broken above the 21-day SMA. The bullish momentum is ongoing as price approaches the 50-day SMA. The bottom line is that if price breaks above the […]
USDCAD Price Analysis – Price December 24 USDCAD turns downward in a bullish market as the price level obeys buyers’ influence. The market is evaluated to proceed in a buyer trend and sellers are seen twitching with price movement downward. The bulls give a significant approach as they tend to approach a new level. Bulls […]
The USD/CAD maintained a mildly bullish tone in the US session on Christmas Eve and was last spotted trading at the 1.2815 area. The Loonie attracted buyers below the 1.2800 area earlier today, but that momentum hit a brick wall near the 1.2835 resistance. This action comes after the forex pair touched its highest point […]
The Cardano (ADA) blockchain recorded a significant growth this year, which is observable from the boom recorded in the total number of wallets holding ADA. According to new data from Cardano Foundation, the ADA wallet count has grown by over 1,200% in a year, from 190K wallets in Christmas 2020 to 2.5 million wallets today. […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BearishPolkadot’s (DOT) price has reached bearish exhaustion as it faces rejection at $29. The altcoin has rebounded above the previous low at $23.50. The downtrend is presumed to be over as price breaks above the 21-day moving average. The current uptrend […]
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