USDCHF Price Analysis – May 12 The USDCHF pair drifted from three-day highs about 75 pips and fell in the last hour to new session lows, around the region of 0.9670. The pair failed to follow up on its initial rebound, rather met another fresh supply close to mid-0.9700s level despite substantial dollar weakness and the […]
The long-awaited Bitcoin Halving finally took place yesterday. However, the cryptocurrency giant did not exhibit substantial volatility as was expected. Also, Bitcoin’s hash rate has decreased just slightly several hours after the halving. A long-term bullishness in BTC price is sure to occur courtesy of the halving, however, its short-term price impact remains unclear at […]
S&P 500 Price Analysis – May 12 While United States President Donald Trump’s stern position toward China is impacting on the market’s risk-on mood, S&P 500 grapples with bears while wavering at negative 0.30 percent to 2901 level during Tuesday’s early European session. When S&P 500 was being published, it’s drifting while increasing in value […]
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish Ripple was earlier trading above $0.21 for over six days before the price breakdown. XRP dropped to the low of $0.17501 after breaking the support line. There is an indication of a downward move as price closed below the […]
ErisX, a derivatives clearing firm headquartered in Chicago, today announced the introduction of physically settled Ether contracts to its current futures products. ErisX previously provided settled Bitcoin (BTC) contracts in physical form. Although BTC retains the dominant cryptocurrency position, second-placed ETH has trailed behind. While it’s no coincidence that ErisX wants to introduce an Ether […]
Key Resistance Zones: 13600, 14000, 14400 Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: Bullish The index is in an uptrend. The upward move is making a series of higher highs and higher lows. A bearish candlestick has been resisted after testing 11340 resistance. The market fell from the recent high to […]
EURUSD Price Analysis – May 11 EURUSD confronts the risk of attempting to push higher in the fresh week of reversal and trading around the 1.0800 thresholds this Monday, restricted to a small range of 40 pips since the day commenced. Whereas, the optimism of investors simply looks for near-term guidance towards the disruptions from […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600 Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: Ranging The EUR/GBP pair is on an ascending Channel. Since the pair fell to level 0.86816, the market has been fluctuating between the levels of 0.87000 and $0.88000. The market has been range-bound between those levels in the last […]
Bitcoin recorded a strong downwards move on Saturday, which led the cryptocurrency to erase about $2,000 from the month’s high of $10,079. This decline was largely due to a selloff triggered by the 5-digit level ($10,000). However, Bitcoin has since recovered some of the loss. The selloff roused Bitcoin critics who had been quieted all […]
