Key Support: 148.40 – 149.55 Key Resistance: 151.00 – 151.50 The GBPJPY has dipped from the break of the 151.50 earlier this week about 2.10% or 316 pips right to a massive level on the daily (BIG BUY ZONE). At the bottom of the move the GBPJPY has created an inverted head and shoulders on […]
Ripple Labs and the United States Securities and Exchange Commission (SEC) have reportedly come to an “understanding” on the Hinman deposition. Both parties have agreed to postpone the former SEC executive’s testimony after achieving “substantial progress in narrowing and resolving the privilege issues.” Previously, the court handling the Ripple vs. SEC case gave both parties […]
STELLAR Price Analysis – July 21 The price will reach $0.14 and $0.10 provided the support level of $0.19 does not hold. In case the $0.19 holds, the price may increase to the resistance level at $0.30 and $0.35 if the $0.24 level permits. XLM/USD Market Key Levels: Resistance levels: $0.24, $0.30, $0.35 Support levels: […]
EUR/CHF is trapped within a triangle pattern. An upside breakout from this pattern could activate a strong upside momentum. The pair moves sideways in the short term signaling that the downside movement could be over. The ECB monetary policy meeting could be decisive tomorrow. This high-impact event could bring a clear direction. The European Central […]
S&P 500 Price Analysis – July 21 S&P 500 index hit an intraday high of 4,345, up 0.30 percent on the day at the time of this post in an attempt to sustain the previous day’s recovery advances in the early hours of Wednesday. Covid numbers from Australia and the United Kingdom represent a severe […]
At the time of writing in today’s currency markets, the Dollar has surpassed the Yen as the most powerful currency. Despite modest improvement, the main focus in the financial markets remains shaky. The New Zealand Dollar is currently the worst, but it is catching up with others; Sterling is also weak, as the selloff in […]
The result of the ECB strategy review on July 8 has heightened the importance of this week’s meeting. The inflation target was changed to a symmetric 2 percent, allowing for a brief deviation. Given the considerable shift, no changes in monetary policy are envisaged in July. Only minor adjustments to the forward guidance are expected […]
Key Resistance Zones: 34000, 34500, 35000Key Support Zones: 27000, 26500, 26000 US Wall Street 30 (US30USD) Long-term Trend: Ranging US Wall Street 30 has been in a sideways trend since May. For the past three months, the index has been in a sideways trend below level 35200. On July 16, US30USD was repelled at the […]
According to a recent study organized by Fidelity Digital Assets, seven out of ten global institutional investors (70%) will likely purchase cryptocurrency in the future. Meanwhile, 50% of the participants in the survey revealed that they already own cryptocurrencies. Most of the participants asserted that the highly volatile nature of digital assets was not enough […]
