Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BearishGBP/JPY pair is making an upward move to retest the previous resistance zone. The currency price has broken below the moving averages which suggest that the pound is capable of falling on the downside. Meanwhile, on June 18 downtrend, a […]
Ethereum’s London hard fork is arguably the most-anticipated upgrade on the Ethereum (ETH) network since the implementation of the Berlin fork. The London fork complements the ETH 2.0 network transition, which would switch the ETH blockchain from a proof-of-work consensus mechanism to a proof-of-stake. Reports show that the London hard fork comes with three Ethereum […]
After a poor week, Pound Sterling regained traction on Friday, with a three-day slide finishing with a hammer candle that provided an initial optimistic signal. To close the trading week, the UK provided data, and the items that investors were most interested in were disappointing. GDP growth dropped to 0.8 percent month over month in […]
EURJPY Price Analysis – July 9 EURJPY regained its footing, aided by the resumption of the offered bias surrounding the greenback, which allows for euro gains. The pair manages to recoup some of its losses from the previous day’s low of 129.62. Furthermore, investors continue to favor the risk complex, which adds to the selling […]
BNBUSD Price Analysis – July 09 In case the bulls were able to push the daily candle above the $311 resistance level, the price may increase to $364, penetrate it, and expose the price to the $420 resistance level. Should there be a breakdown of the support level of $254, then $196 and $147 support […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polka dot (DOT) Price Long-term Trend: BearishPolkadot (DOT) is still in a downward correction. Today, the bears push DOT price to the low of $14.80 as bulls buy the dips. The upward move was short-lived as bulls were rejected twice at the $15.40 high. As a […]
The behemoth payments company, Visa, announced on July 7 that it recorded over $1 billion worth of cryptocurrency expenditures in its customers across the globe through cryptocurrency-linked Visa cards in the first half of 2021. The multinational payments company noted that it is partnering with 50 top crypto platforms “to launch card programs that make […]
EUR/GBP dropped a little in the H1 chart at the time of writing trying to retest the support levels (resistance has turned into support). The bias is bullish in the short term after breaking above the downtrend line. The pair is somehow expected to increase after some poor UK data reported today. The GDP increased […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishXAUUSD has resumed an upward move after falling to the low of level $1,760 on June 18. On June 29, the bears retested the support as Gold resumed upward. The implication is that the uptrend has resumed as price fails […]
