Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY pair is in an uptrend but faces rejection at level 156. In the first downtrend, the pair fell to level 152 and resumed upward. The upward correction was terminated at level 155. The market has resumed a fresh downtrend […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL has been rising consistently. The initial resistance at level 72.00 has been breached as price resumed an upward move. WTI is likely to face resistance in its upward move. The price indicator has signaled that the market has reached the overbought […]
Following the Africrypt scandal, South Africa’s Financial Sector Conduct Authority (FSCA) has released a statement yesterday noting that it lacked regulatory jurisdiction over cryptocurrencies. The regulator also warned the public about the “high-risk nature of investing in crypto assets.” In addition to its worries over the “suitability of crypto assets as an asset class” and […]
The dollar is weakening during the US session, especially against the yen. In May, PCE inflation accelerated substantially but fell somewhat short of forecasts. Sterling, on the other hand, is the weakest mover today, extending the post-BoE selloff. Risks over the rise of coronavirus infections are also putting pressure on the Pound. Commodity currencies are […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BearishPolkadot (DOT) has fallen to the previous low above $13. For the past four days, the DOT price has been stable and it fluctuates above the $13 support level. Nevertheless, the altcoin is presumed to be trading in the oversold region […]
EURJPY Price Analysis – June 25 EURJPY gathers buying to 132.45, attempting to cross over the mid-132.00 threshold. During the early Friday recovery moves, the pair is up 0.10 percent intraday, increasing for the fourth session in a row. Key LevelsResistance Levels: 133.50, 133.00, 132.50Support Levels: 13200, 131.50, 131.00EURJPY Long term Trend: RangingThe EURJPY continues […]
BNBUSD Price Analysis – June 24 In case the bears breaks down the support level of $254, the price may decline to $196 level, continue its downtrend movement towards the support level of $142. On the other hand, more pressure from the buyers may push up the Binance Coin to break the resistance level of […]
Oracle service provider Chainlink (LINK) has suffered a heavy bearish blow with the broader market correction over the last month. LINK is currently down by over 65% from its all-time high of $52.91 recorded on May 10. Consequently, LINK has dropped in rankings from the top ten largest cryptocurrency by market cap and currently holds […]
USD/CHF drops right now as the DXY is trading in the red. Still, the decline could be only a temporary one. The price action has developed a potential upside continuation pattern. The rate has escaped from this pattern, but we still need confirmation before going long. The USD could take the lead again if the […]
