Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX index upward move has been facing rejection at level 7200. Since May 7, the resistance at level 7200 is yet to be broken. Meanwhile, on July 13 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.1900, 1.1800, 1.1700 USD/CAD Price Long-term Trend: BearishUSD/CAD is in an upward move. Since March, the currency pair has been battling to break the resistance at level 1.2600. The uptrend will resume if the resistance level is breached. The sideways trend will continue if the resistance remains […]
The Eastern province of Anhui in China has joined the growing list of Chinese regions to crack down on cryptocurrency mining companies and operations. According to local reports, authorities plan to shut down mining facilities in the province and prohibit new energy-intensive projects to manage the power deficit in the region. According to a local […]
Following its July policy meeting, the Bank of Canada (BoC) kept its benchmark rate at 0.25 percent, as expected. The Bank of Canada, on the other hand, chose to lower the weekly net asset purchase objective for government bonds from C$3 billion to C$2 billion. The New Zealand dollar has risen sharply after the Reserve […]
Key HighlightsEthereum reaches $1,863 low and pulled backThe biggest altcoin has resumed an uptrend Ethereum ETH) Current StatisticsThe current price: $1,944.26Market Capitalization:$226,595,023,679Trading Volume: $17,616,407,906Major supply zones: $2,800, $3,000, $3,200Major demand zones: $2400,, $2,200, $2,000 Ethereum (ETH) Price Analysis July 14, 2021 Today, Ethereum reached the low of $1,863 as bulls bought the dips. For the […]
USD/CAD maintains a bullish bias after escaping from a minor chart pattern. Also, it has managed to stay above the daily pivot point (1.2498) indicating strong buyers. Higher inflation reported by the US boosted the greenback in yesterday’s session. USD/CAD has slipped lower in the short term, but the bias remains bullish. You should be […]
S&P 500 Price Analysis – July 14 The S&P 500 recovers from 4360 low today after closing lower on Tuesday as the index trades up 0.13 percent at 4,372 as of this writing. As buying traction strives to print new highs into the 4400 vicinities, the index remains above mid 4300 levels, signaling that the […]
STELLAR Price Analysis – July 14 When the bears increase their momentum, it may break down the support level of $0.22, which may leads to further price decrease to the $0.16, later it may extend to $0.11 level. In case the bears’ pressure unable to break down the support level of $0.22, ranging movement may […]
GBP/JPY moved sideways in the short term trying to accumulate more bullish energy before taking out a major downtrend line. It has tested and retested the weekly pivot point and now it tries to come back higher. The Pound could drag the pair higher as the UK inflation data have come in better than expected. […]
