The U.S dollar is slightly higher during the US session, bolstered by an unexpectedly positive unemployment claims report. Risk-on rallies in the stock markets, which are also losing steam, help strengthen the Yen slightly. So far this week, the biggest performer has been the Australian dollar, followed by other commodity currencies. The worst currencies are […]
AUDUSD Price Analysis – December 9 The AUD/USD pair continued its steady intraday decline throughout the session, dropping to a new daily low at the time of analysis around the 0.7140-35 level. The advent of fresh US dollar demand was a crucial element that placed pressure on the AUDUSD pair as markets looked beyond better […]
USDJPY Price Analysis – December 9 USDJPY bulls’ and bears’ tussle intensifies as the ranging zones expand. Bulls, having grown weary of being confined to the 114.420 resistance, pushed through with much struggle and forced their way to 115.450. Buyers then weakened, allowing bears to retaliate by driving the price down beyond 113.400 to 112.780. […]
According to a report on Tuesday, the government of India has proposed the outright ban of cryptocurrency use as a payments solution and set a deadline for local investors to declare their holdings or face severe penalties, including jail time without warrant or bail. Additionally, the new cryptocurrency bill could mandate a uniform know-your-customer (KYC) […]
Despite the lingering bearish sentiment, Bitcoin (BTC) has recorded some significant recovery in its network metrics. According to a recent report from on-chain analytics provider Galssnode, Bitcoin’s hash rate has rebounded significantly and is only 4% away from its previous all-time high. The benchmark cryptocurrency’s hash rate plummeted by over 50%, following the recent China […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishDogecoin’s (DOGE) price is still in a downward correction. Since December 4 price collapse, DOGE price has been holding above the $0.17 support. For the past week, the altcoin has been fluctuating above the current support. Dogecoin’s long candlestick tail is indicating […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 (UKX) is in an uptrend. Buyers have pushed UKX above the moving averages. The uptrend has reached and retested the resistance level at 7400. FTSE 100 is facing rejection at the previous high. If UKX declines, it will retrace […]
Uniswap Price Analysis – December 09 When the bears’ pressure increase further to break down the support level of $14, the price may decrease to the support level at $12 and $6 levels. In case the bulls defend the support level of $14, Uniswap price may increase to $19, $22 and $24 price levels. The […]
There is a lot of volatility in the markets today, especially in Pound Sterling. Due to the spread of Omicron, the Pound fell dramatically on rumors that the UK government might activate a plan B and implement some limitations as soon as Wednesday. Nonetheless, emotions improved. Pfizer announced that preliminary laboratory data revealed its vaccination […]
