GBPJPY Price Analysis – August 27 GBPJPY is set to keep its downtrend movement following a sharp pullback. However, this is because the market’s sellers are exerting additional pressure on the market. As the price continues to fall in a downward trend, there are significant pullbacks as key levels are retested. This demonstrates that after […]
Cardano (ADA) has announced that it plans to launch an ERC-20 converter to grant usability of Ethereum-based assets to its testnet. According to the video announcement posted by IOHK, a test of the ERC-20 compatibility should occur next week and could become a significant game-changer for Cardano should it scale the test. According to Francisco […]
BNBUSD Price Analysis – August 27 Should the resistance level of $503 holds, the price will bounce off the level and face the support level of $433, $420 and $364. In case, the bulls are able to break up $503 level, Binance coin may increase to $599 and $678 levels. BNB/USD Market Key levels: Supply […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold price is in a fresh uptrend. On August 23, the market reached the high of $1,820 but was repelled. Gold price retraced to $1,782 to resume upward. On the upside, if buyers breach the $1,820 resistance, the market will […]
The dollar is attempting to recover once more, but there is no committed buying at this time while the Swiss Franc is falling strongly today, owing to selling versus the Euro and rising bond yields. As the annual Jackson Hole Symposium progresses, greenback traders will closely monitor the statements made by Fed officials today and […]
Behemoth American-headquartered bank Morgan Stanley has remained steadfast in gaining Bitcoin exposure by investing millions of dollars, despite the recent prevalent bearish bias amongst analysts. Twitter analyst MacroScope cited the significant difference between the financial institution’s previous filing and today’s data, noting that the bank’s crypto exposure has grown significantly within a few months. MacroScope […]
Moneysupermarket.com (MONY) is one of the UK’s best-known comparison sites but its stock has taken a battering during the pandemic. So why would people stop looking for the best deals on products and services during a pandemic? Think holidays and travel. The travel and holiday industry has been shuttered for much of this pandemic and […]
USD/CHF rallied in the last hours and now it stands at 0.9178 level below 0.9185 today’s high. It has increased as the Dollar Index has managed to rebound. Surprisingly or not, USD increases even if the US data has disappointed earlier. The US Prelim GDP increased only by 6.6% below 6.7% expected. Also, the Unemployment […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishDOGE/USD is in a downward move after two previous rejections. The first rejection is when the altcoin rallied to $0.35 high and the market declined to $0.27 low. The bulls bought the dips to push altcoin upward. DOGE price corrected up to […]
