The dollar appears to have taken a knock as a result of the concerns about the Omicron COVID variant, which was just discovered, and has introduced significant hazards to the world economy. Today’s stock market selloff resumed as Moderna CEO Stéphane Bancel predicted a “substantial reduction” in the efficiency of current Omicron vaccinations. On safe-haven […]
NZDUSD Analysis – price cracks through the support level of the 0.68200 in the Kiwi market Price cracks through the support level of 0.68200 in the Kiwi market. NZDUSD price system has been in a downtrend for a long time. The market system has been stacked in favor of the bears, and market sellers can […]
USDCHF Price Analysis – November 30 During the early American session, the USDCHF pair fell to a two-week low, with sellers now looking for a sustained break below the 0.9200 round-figure line. The USD was weakened by falling US government yields, which added to the selling tendency as CHF benefits from the current risk-off. Key […]
EURCHF Price Analysis – November 30 Bears retain control as EURCHF plunges below the latest support setup at 1.04450. Having successfully navigated the last support setup at 1.05400, the market speedily dropped below the next critical level and touched down at 1.04450, where purchasers set up another barricade to control the market’s drop. As in […]
As Bitcoin (BTC) continues to stagger around $60,000, MicroStrategy has 7,002 BTC to its stash, bringing its total holdings to 121,044 coins. MicroStrategy CEO Michael Saylor broke the news yesterday, tweeting that: “Microstrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash at an average price of ~$59,187 per bitcoin. As of 11/29/21, […]
ADA Price Analysis – November 30 Should the sellers exert more pressure on the market, the support level of $1.46 will be penetrated and the support levels of $1.31 and $1.11 may be reached. Inability to break down the $1.46 by the bears may lead to an increase in price to resistance levels at $1.64, […]
EUR/CAD edges higher after ending its minor retreat. Also, it has managed to close the gap down signaling that the bulls are strong in the short term. Still, in the short term, the pair reached a resistance level, so we’ll need a valid breakout to get confirmation that we’ll have an upside continuation. Today, the […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD pair has been in a downward move since June. The Pound price has been making a series of lower highs and lower lows. On October 1 upward correction, buyers could not keep price above a lower high of level […]
EURUSD Price Analysis – November 29 During today’s session, the EURUSD is lagging behind its key rivals, with selling emerging around the intraday high at 1.1311. The pair is giving up some of the gains made on Friday’s robust bounce. As contagions spread, the Eurozone and the EUR are at risk of tighter limitations in […]
