Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BearishPolkadot has continued to fall. Following the last bearish impulse on May 23, Polkadot made an upward correction to a high of $28. However, the selling pressure above the $28 high repelled the bullish momentum. DOT price faces rejection at $28 […]
At the bankers’ committee meeting yesterday, Rakiyat Mohammed, the Director, Information Technology Department, Central Bank of Nigeria (CBN), revealed that the apex bank would launch a Central Bank Digital Currency (CBDC) before the year runs out. The director noted that: “As I said, before the end of the year, the Central Bank will be making […]
BNBUSD Price Analysis – June 11 In case the support level of $311 holds, the price will continue its uptrend movement towards the resistance level of $364, $420 and $503. On the other hand, more pressure from the sellers may push down the Binance Coin to break the support level of $311 which may decrease […]
EURJPY Price Analysis – June 11 The EURJPY currency pair is driven by downside pressure during the European session into the American session at the close of the week. During Friday’s trading, the exchange rate declined by 57 pips at the time of this post. The pair may continue to lose ground versus the Japanese […]
The Ethereum Classic (ETC) Network is ready to undergo an upgrade by the end of July. The upgrade termed ‘Magneto’ will occur at block 13,189,133, predicted to occur on July 21. The Ethereum Classic team announced that the Magneto Upgrade would include ECIP-1103, just like Ethereum’s (ETH) Berlin upgrade. The Berlin upgrade got integrated into […]
NZD/JPY was in a corrective phase but the rate seems oversold at the moment of writing. The price is located below strong dynamic resistance levels, so we have to wait for confirmation. The bias is still bullish despite the last decline. The Nikkei’s temporary decline helped the Yen to increase versus its rivals. JP225’s potential […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishSince May 10, DOGE’s price was in a downward move. The upward correction is facing rejection at the high of $0.45. DOGE price has broken below the moving averages which suggest a further downward movement of prices. The crypto’s price is falling […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX index is in an upward move as it reached the high of level 7088.19. The index has been trading consistently above the moving averages. This has made it continue to rise on the upside. Meanwhile, on April 19 uptrend, retraced […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.1900, 1.1800, 1.1700 USD/CAD Price Long-term Trend: RangingUSD/CAD is in a range-bound move since May 10. The currency pair has rebounded to break above the 21-day SMA. The pair will resume an uptrend if price breaks above the 50-day SMA. The market is presently fluctuating between levels […]
