Our VIP trades have been performing very well in what has been a very choppy summer trading. Usually during summer trading volume goes down and markets are more range bound (choppy) than usual, which makes for harder market conditions to trade. Traders not used to these market conditions normally lose money during summer trading but […]
NZDUSD Price Analysis – August 1 NZDUSD is in danger of reaching new lows for the year as bears increase pressure on the 0.69510 – 0.69170 weekly support. The market has been knocking down on this weekly support for the past 30 trading days now. This bearish agenda is sustained by the 0.70570 resistance, which […]
According to recent reports, a new law will come into effect next week, which would allow investment companies in Germany to hold up to 20% of their assets in digital assets. This new development comes amid the increasing demand from several institutions towards the industry. Based on the report by Bloomberg on July 30, Spezialfonds, […]
Monero – Guide, Tips & Insights | Learn 2 Trade (XMR) Price Analysis: August 01 Inability to break up the resistance level of $244 may result to further price decrease towards the support level of $189, $161, and $136. The price may break up the resistance level of $244 and it may extend to the […]
Key HighlightsEthereum is in a smooth uptrendEther has a target price of $2,869 Ethereum ETH) Current StatisticsThe current price: $2,560.28Market Capitalization:$299,372,790,157Trading Volume: $20,159,580,566Major supply zones: $2,800, $3,000, $3,200Major demand zones: $2400,, $2,200, $2,000 Ethereum (ETH) Price Analysis August 1, 2021 Ethereum has been rising consistently on the upside. The upward move has been in a […]
Despite the lack of confirmation, additional Dollar weakness lies ahead, as the near-term trend is reversing. However, in the event of more Dollar depreciation, the Australian dollar would be a currency to avoid. Given its relative strength against the Euro and Sterling, the Swiss Franc is more likely to be a better option than not. […]
XAGUSD Price Analysis – August 1 Silver has made another attempt to climb higher and has recouped some of its previous losses, but the XAGUSD pair still has a long way to go before the buyers are secure. As buyers observe the gap between central banks and mixed greenback over its peers during times of […]
Bitcoin (BTC) has begun August on a bullish footing as the primary cryptocurrency extends its weekly gains to 15% and favorable conditions. BTC hit $42,600 a few hours ago, its highest point since May 20, although it failed to secure its position above the $42,000 level and currently trades around the $41,400 level. The recent […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BearishUSOIL is correcting upward. It has reached a high of $74.21. Also reached bullish exhaustion. WTI crude oil is expected to fall. Meanwhile, on July 8 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that USOIL […]
