Monero – Guide, Tips & Insights | Learn 2 Trade (XMR) Price Analysis: August 29 When the bulls prevail over the bears and were able to break up the resistance level of $322, it may expose the price to the resistance levels of $361 and $401. The breakdown of the support level of $281 may […]
Following remarks by US Federal Reserve Chair Jerome Powell, the US dollar fell substantially on Friday. Powell stated in July at the Jackson Hole Symposium that policymakers thought it could be appropriate to begin tapering this year, citing progress in employment but also the troubling spread of the Delta variation. He stated, “We will be […]
XAGUSD Price Analysis – August 23 After plunging to lows of $22.87 at the beginning of the prior week, XAGUSD pulled off stunning comebacks to close at $24.02. In a risk-off environment, the US dollar has softened, pushing silver to an extended region. Coupled with significant macroeconomic data releases from the US, the latest COVID […]
The President of Belarus, Alexander Lukashenko, has charged Belarusians to mine cryptocurrency with the available electricity surplus. President Lukashenko made the statement during a recent meeting with the state-owned company JSC Belaruskali, one of the world’s leading producers of potash fertilizers. The President noted that Belarusians are unwanted abroad, except for farming jobs. In a […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in an upward move. The index has reached a high of $68.25. The index price has broken the 21-day SMA and it is approaching the 50-day SMA. A break above the moving averages will propel the index to reach the […]
Governor of the Reserve Bank of India Shaktikanta Das recently stated in an interview with CNBC that the apex bank plans on carrying out trials for its central bank digital currency (CBDC) before the year runs out. The governor noted that the trial aims to see how the proposed e-rupee would work with the Indian […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BullishToday, Polkadot’s (DOT) price has regained bullish momentum as the crypto reach the high of $25.95. In the previous price action, Polkadot declined to the low of $23.47. For the past week, the altcoin has been in a downward move. Nevertheless, […]
The Canadian GDP figures this week should indicate that economic activity rebounded in June following COVID’s spring wave. With anticipated 0.8 percent growth in June GDP, which is somewhat higher than Statistics Canada’s early estimate of 0.7 percent. This would reverse the declines seen in April and May, resulting in a small 2.5 percent (annualized) […]
EURJPY Price Analysis – August 27 The EURJPY continues its advance from the 129.15 intraday lows towards the 130.00 near-term high. At the time of this analysis, the EURJPY is trading up at 129.72. Following the announcement of Fed Chair Powell’s address at the Jackson Hole Symposium, his statements caused the US currency to fall […]
