Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishXAUUSD is in an uptrend. Gold has risen tremendously from its previous low of $1,680 to $1,890. The market reached the high of $1,925 and was repelled. Gold retraced to the support of the 21-day SMA. The uptrend will resume […]
Tron (TRX), alongside the rest of the crypto market, suffered a massive crash on Friday following a rejection from the $0.0830 resistance level. The renewed bearish pressure caused the crypto market to fall by over $100 billion within a few hours. Since the start of the workweek, Tron performed relatively well, as bulls regained confidence. […]
The USD has dropped sharply in the early US session following another disappointing NFP report. All of yesterday’s late gains have now been reversed. The Canadian dollar has also weakened as a result of weaker-than-expected job data. Other commodity currencies, on the other hand, are marginally strengthening. In other markets, US futures are rising on […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BearishPolkadot has continued its downward move. Today, the altcoin has dropped to as low as $24.06. On May 29, the coin dropped to $20 low as bulls bought the dips. The crypto’s price corrected to $28 and was resisted. This caused […]
BNBUSD Price Analysis – June 04 In case the support level of $364 holds, the price will 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 $364 which may decrease further […]
A recent study by Gambler’s Pick revealed that members of the Gen Z demographic are more likely to invest their money in cryptocurrency-related investments than traditional investment vehicles like equities. The study, published on gamerspick.com, was conducted towards the end of April. Generation Z, popularly known as Gen Z, is the demographic that succeeds Millennials. […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishToday, the Yen has broken the previous price level to reach the high of $110.78. On May 3 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the pair will rise to level 2.0 […]
Key support: 2670 Key Resistance: 2900 – 3230 – 3645 After Ethereum’s drop from all time highs (-60.7%) the 2000 to 1700 level held nicely, being retested and rejected twice (May 19th and May 23rd) but buying in such a strong bearish move was risky. On May 30th, Ethereum printed a new higher low signaling […]
The dollar is marginally higher in early US trading after ADP jobs data came in much better than predicted. However, as traders remain cautious ahead of tomorrow’s non-farm payrolls report, the upside seems limited. The pound is the second most valuable currency today, followed by the yen. Commodity currencies, on the other hand, are generally […]
