BNBUSD Price Analysis – June 18 Should the bulls defend the support level of $364, the price may breakout at $420 level continue its uptrend movement towards the resistance level of $503 and $599. On the other hand, more pressure from the sellers may push down the Binance Coin to break the support level of […]
As expected, the BoJ did not make any changes to its monetary policy. The short-term interest rate target is kept at -0.10 percent under the yield curve control framework. The Bank of Japan will continue to acquire JGBs with no upper limit to keep 10-year JGB yields around 0%. With one abstention, the decision was […]
EUR/USD seems too oversold to resume its drop, so we may have a temporary rebound. The DXY seems overbought after reaching the 61.8% retracement level. Technically, the pair has developed a potentially bullish signal, but we still need confirmation. Technically, a rebound is natural after the last massive drop. The Euro-zone Current Account and the […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BearishSince June 14, Polkadot (DOT) has been falling after the rejection at $29. The selling pressure has broken below the moving averages which suggests a further downward movement of prices. The current price fall was the failure of buyers to break […]
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 April 26, the Yen price has been making a series of higher highs and higher lows. Today, the Yen is retracing after reaching a higher high of level 111.00. Incidentally, the bulls have […]
Since bond yields have temporarily remained flat, the USD has continued to increase its gains following the Fed’s hawkish meeting. Today, the dollar’s post-FOMC surge continues to dominate the markets. The Yen, on the other hand, is catching up as US futures point to a lackluster start. The Japanese currency is also aided by selling […]
The SEC has just announced a postponement on global investment manager VanEck’s Bitcoin ETF filing. This would be the second time the Commission is postponing its ruling on the product since its filing earlier this year. The SEC noted that it needed the judgment of other interested parties on the matter, explaining the delay. The […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX index is in an upward move. FTSE 100 has risen to level 7200 but it is retracing for a further upward move. The index will resume an uptrend as price finds support above the 21-day SMA. Meanwhile, on April 19 […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.1900, 1.1800, 1.1700 USD/CAD Price Long-term Trend: BullishUSD/CAD has resumed upward move. The currency pair has broken above the moving averages. The market will continue to rise as long as the price bars are above the moving averages. In the previous price action, the market was fluctuating […]
