Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishUSD/JPY is in an upward move. Since March 29, the Yen has been struggling to break above level 111.00. On March 29, the bulls tested level 111.00 but were repelled as the pair fell to level 109.60. The pair has […]
Only a few months after calling out Bitcoin for its immensely volatile nature and supposed impracticality, Bank of America (BofA) has now assembled a new designated research team with digital assets as its primary objective. Referencing an internal memo, Bloomberg recently reported that the behemoth multinational investment bank has become the latest of its class […]
Barrick Gold (GOLD) is the largest gold miner in the world. To underscore that, the Canadian gold and copper miner is the majority owner of Nevada Gold Mines in a joint venture with Newmont, which is considered to be the largest mining complex in the world and one of the most profitable. The Nevada operation […]
Amid speculation that BoJ economic growth estimates have been cut, the yen is strengthening despite a growing risk-off mood due to rising coronavirus fears. The yen has risen sharply as a result of risk aversion. According to a news report citing four sources familiar with the central bank’s thinking, the BOJ is expected to cut […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishDogecoin (DOGE) is in a downward move since May 8. The crypto has fallen from the high of $0.73 to level $0.21. Further downsides are likely. Presently, the DOGE is falling after facing rejection at the $0.28 high. The upward correction could […]
Uniswap Price Analysis – July 08 Ability to break up the resistance level at $21 price level may increase it to $27 and $34 resistance levels. In case the bears were able to exert pressure to break down the support level of $15, the price may decrease to the support level at $12 and $9 […]
USDCHF Price Analysis – July 8 In the early trading hours, the US dollar’s plunge halts the USDCHF advance around 0.9264. The pair trades with a downside price action plunging to as low as 0.9173. USDCHF is currently trading at 0.9178, down 0.85 percent on the day. Investors accepted the Fed’s dovish stance and lower […]
USD/CHF plunged today as the DXY registered an aggressive sell-off. The pair has reached strong resistance, so DXY’s drop signaled a potential correction on this pair. The US Dollar Index has shown some overbought signs in the short term. Its bearish divergence signaled that it could slip lower again. It seems that the USD bulls […]
Following a prolonged consolidation around the $35k level, Bitcoin (BTC) is now in correction mode after falling by over $2k in a few hours. As expected, most altcoins are also in the red, which has dragged the valuation of the total crypto market down by $100 billion since yesterday’s high. The benchmark cryptocurrency entered last […]
