The forex markets are in a steady position as traders await the announcement of US Nonfarm Payrolls on Friday. The dollar index rose 0.21 percent to 92.06 on Tuesday, indicating a small rise. Overnight, the Pound fell below the 1.39 mark. Anxiety over Covid’s revival in Europe, the United Kingdom, and Asia has lowered risk […]
ADA Price Analysis – June 29 Should the buyers increase their momentum, the resistance level of $1.46 will be penetrated and the resistance levels of $1.64 and $1.87 may be tested. Inability to break up the $1.46 by the bulls may lead to a decrease in price to support levels at $1.11, $0.98 and $0.83. […]
Due to the ongoing crackdown of Bitcoin (BTC) miners in China, the rate of newly-minted coins has dropped dramatically to 58 new coins daily, according to a report by Glassnode. Meanwhile, mining revenue has plunged to record lows over the last month, as the Bitcoin community fixates its focus on the upcoming difficulty adjustment. According […]
BTCC, the company behind one of the most prolific exchanges in Asia, has announced that it has ended its cryptocurrency-related operations. The company noted that it sold all its shares in the Singapore exchange ZG.com in May 2020. Most cryptocurrency exchanges quartered in China fled to other countries during the first crypto crackdown in 2017. […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishAUD/JPY currency pair is in a downward move. The market was earlier correcting upward but the bulls could not break above the previous high. The selling pressure has resumed. On June 18 downtrend; a retraced candle body tested the 38.2% […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD pair is in a downward move after its rejection from level 1.4200. After the resistance, the Pound declined to level 1.3800 low. The bulls bought the dips to resume an upward move. The upward correction was terminated at level […]
As markets open during the US session, the dollar is picking up some positive momentum. However, overall trading is a bit sluggish. Today’s economic calendar is almost empty, and central bankers’ statements are mostly ignored. Together with the greenback, sterling is currently a firmer currency. The Swiss Franc, along with commodity currencies, has had the […]
Key Highlights BCH is consolidating above $467BCH has reached bearish exhaustion Bitcoin Cash (BCH) Current StatisticsThe current price: $476.40Market Capitalization: $9,995,200,748Trading Volume: $1,385,514,187Major supply zones: $700, $720, $740 Major demand zones: $250, $230, $210 Bitcoin Cash (BCH) Price Analysis June 28, 2021 Bitcoin Cash (BCH) is consolidating above the previous low at $467. The bears […]
CAD/JPY has decreased a little in the short term trying to capture more energy before resuming its upwards movement. An upside breakout is imminent as the JP226 (Nikkei) could resume its growth. A temporary decline was expected after its amazing rally. It could increase as long as it stays above the immediate support levels. Canada […]
