News coming out of China indicates that there has just been a filing for the development of a blockchain-based exchange-traded-fund. This was disclosed by the Chinese Securities Regulatory Commission. The ETF filing was presented by an asset management firm, Penghua Fund on the 24th of December. The ETF aims at tracking the performance of an […]
EURUSD Price Analysis – December 30 The EURUSD pair spiked to the highest level since mid-August at the price level of 1.1211 and entered the consolidation phase. At the time of writing, the pair was ranging near the price level of 1.1200, adding 0.2% per day. Key Levels Resistance Levels: 1.1515, 1.1450, 1.1280 Support Levels: […]
Last week, Bitcoin’s price regains momentum to $7500 on Bitfinex after locating support at $7100, holding over the past week. Though the bullish move is looking realistic; Bitcoin needs to break more key resistance zones before we can confirm a potential reversal above $8000. For now, $7900 is an important resistance to set BTC on […]
Key Resistance levels: $0.06, $0.07, $0.08 Key Support Levels: $0.05, $0.04, $0.03 ADA/USD Long-term Trend: Ranging Cardano has continued its consolidation since September. The coin’s price movement has been insignificant. Currently, the ADA is trading at $0.033 above the $0.030 support level. The price has slumped from $0.050 in September to $0.033 in December. There […]
The Secretary-General of the United Nations, António Guterres has expressed his desire for the organization to adopt blockchain technology in its operations. Guterres’ desires were communicated through a publication by Forbes which aired on the 28th of December. The Sec-gen said that he believes strongly in blockchain as it fine-tunes every system it is applied […]
GBPUSD Price Analysis – December 29 Despite constant fears about a tough Brexit, the GBPUSD pair rose to the level of 1.3117 last Friday, the highest level in almost two weeks, to finally settle at a level in the price area of 1.3080. The steady increase in sterling, however, has not yet been registered. Key […]
*On the geopolitical front, releases from the U.S and China on the approaching sealing of the phase one trade agreement may likewise be impactful. *The trend for the week ahead may originate from market risk sentiment. Notwithstanding any emergency scenario, it might, at last, come down to discussion from the Oval Office and Beijing. As […]
EURJPY Price Analysis – December 27 EURJPY buyers ride on the upside momentum to the level at 122.46 during the European session into American Session on Friday. The pair recently bounced off the moving average 5 while the upper line of the ascending trend-line channel since early-September may bolster the pair’s advances past the level […]
Key Resistance Levels: $140, $160, $180 Key Support Levels: $80, $60, $40 BSV/USD Long-term Trend: Bearish Bitcoin SV has been relatively stable since September. The bulls have efficiently defended the $80 support level. The bears have not been able to break below the support in the last three months. In September, the bears tested critical […]
