The yen and Swiss franc strengthened strongly as the market gave up its solid risk appetite to avoid risks. Regardless of registered outings in US stocks, Asian markets have retreated due to the fresh political crisis in the Middle East. The price of oil increased in addition to gold, while Treasury yields fell. In the […]
• Bitcoin surges $500 to climb back to reach $7400 but $7100 is likely for a retracement. • The channel breakout on the hourly chart signals short-term bullish setup. • A mid-week reversal is at play after locating supports at $6900. Following the past three days of price drops, Bitcoin recently saw a sudden price […]
The International Monetary Fund has advised the Philippines’ central bank (Bangko Sentral ng Pilipinas) to look into procuring information on the flow of digital assets across borders. The IMF communicated the suggestion to the institution through its technical report that was released on the 30th of December 2019 and is based on information from the […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish Litecoin plunges again after being repelled at the $44 resistance level. The bulls failed to break the resistance level after two unsuccessful attempts at $44. The bears have already broken down the support at $42. Litecoin will drop […]
AUDUSD Price Analysis – January 2 The AUDUSD FX pair closed the last trading days of 2019 in a positive zone while arriving at its highest level since late July on the level at 0.7031 on December 31. As traders returned from the New Year holiday, the pair reversed course and fell beneath the level […]
The dollar is on the path to start in 2020 while fundamentally overrated, as strategists and financial analysts wrote in a recent research note. We anticipate it to drop in 2020, but in a relatively steady manner that prevents the Fed from resuming easing or significantly improving prospects outside of the US. The US fiat […]
Popular crypto academic Konrad Graf, in a recent interview, expressed his opinion on Bitcoin, saying that BTC will continue to succeed over other cryptos and will maintain its position as the top digital asset in the future as a result of four simple principles. Graf talked in length about these principles in the second part […]
The Canadian dollar could do its best in 2020 to achieve its impressive results this year. This is a message from the head of the global monetary strategy at Credit Suisse, who is predicting the background winds will disappear in 2019. Although risk-sensitive securities, for example, the Canadian dollar should work impressively if the global […]
• Bitcoin is trapped in a bearish trend with newly formed head-and-shoulder pattern on the 4-hours. • If the price breaks below $7100 support, Bitcoin would be doomed for a serious fall • A climb above $7300 could possibly ignite bulls’ hope again! Bitcoin’s price is facing a lot of bearish pressure over the past […]
