GBPUSD Price Analysis – December 8 The British Pound erupted during the previous trading week, and broke above the 1.30 level, with buyers controlling its momentum. This, of course, aided a little more certainty with the upcoming UK elections. GBPUSD hit 1.3099 level then rebounded to end the session drifting about 1.3135 level. Key Levels […]
An Asia-based research hub, Forkast Insight, has released an in-depth review of how blockchain-related technology is gaining integration in China. The research hub published its first survey findings on the 5th of December, which comprised insights on how the Chinese authorities and corporations were adopting blockchain. The survey showed that blockchain-related technology was quickly becoming […]
This incoming week is very crucial in the economic calendar. First is the upcoming UK election scheduled to hold on Thursday, December 12, 2019. Secondly, the December 15 deadline set by the US for the signing of a preliminary trade pact in which President Trump had threatened more tariff hikes on Chinese goods in case […]
Key Resistance levels: $225, $250, $275 Key Support Levels: $150, $125,$100 ETH/USD Long-term Trend: Ranging A few days ago, the bulls were making frantic efforts to push Ethereum back to the range-bound zone. The market reached a high of $157 and tumbles again. Consequent upon that the coin is fluctuating below the range-bound zone. In […]
Since our previous crypto trading signals, Bitcoin has been stuck in a tight range of $7300 – $7400 price areas. There’s a high tendency for a price explosion any time from now as the market could move either way. But for now, there’s no clue of where Bitcoin could be heading next. However, looking at […]
The leaders of the European Union have come to an agreement that no Stablecoin program will be granted permission to operate on European territory until the inherent threats Stablecoins pose to monetary sovereignty has been dealt with. This was announced in a joint statement by the EU Council and the European Commission. Although the bodies […]
EURJPY Price Analysis – December 6 The mood of selling around the single currency coupled with renewed demand for the JPY is pulling the EURJPY to daily lows past the level at 120.40. Sellers have now regained control over the sentiment surrounding the single currency, all against the backdrop of a moderate recovery in the […]
Due out today from the United States is nonfarm payrolls report for November. A poll conducted by Dow Jones forecasted an increase of 187,000 jobs while the prediction for the unemployment rate is that it may hold steady at 3.6% previously recorded which is close to a 50 year low. Economists also forecast a 0.3% […]
Key Resistance Levels: $275, $300, $325 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Ranging In the last four days, Bitcoin Cash has continued to make an impressive move. In the other previous move, the coin was unable to penetrate the first resistance at $227. It is likely that the bulls are going […]
