The past few days have been nothing short of erratic for Tron (TRX) and the rest of the cryptocurrency market. This week’s market crash got triggered by the Chinese government’s anti-crypto stance reiteration coupled with the bearish undertone from last week’s Tesla announcement. The bearish market condition worsened on Wednesday following overleveraged trading positions. That […]
The Canadian dollar is higher in the early US session following better-than-expected retail sales numbers. Following good PMIs, the pound has also strengthened. The Euro, on the other hand, had little reaction to the strong PMI results. Conversely, the euro appears to be responding to ECB President Christine Lagarde’s statement that dovish policies would be […]
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 has resumed an upward move after breaking the resistance at $152.00. In the previous price action, the currency pair has been in a sideways trend since March 11. Today, the uptrend has reached level 154.80. The uptrend is retesting […]
BNBUSD Price Analysis – May 21 An increase in the sellers’ momentum will push down the Binance Coin to break the support level of $364 which may decrease further to $311 and $254 levels. Inability to break down the support level of $364 by the bears, BNBUSD will break up the $420 and bullish trend […]
Silver dropped in the short term, but the bias remains bullish. The price has found strong support, so it could start increasing again. A temporary drop was expected after reaching a strong resistance level. It’s trading in the green at 27.777 level at the moment of writing trying to approach the 28.000 psychological level. USD’s […]
EURJPY Price Analysis – May 21 Following Wednesday’s record highs in the 133.50 regions, EURJPY continues to fall. Meanwhile, the risk complex is in a generally better mood, with investors expecting revived demand for the Japanese Safe-haven and falling US yields. A combination of factors, such as ECB fiscal policy, could reduce the upside potential […]
The United States Treasury has called on the IRS to impose rigorous cryptocurrency compliance measures, citing significant tax evasion risk in the industry. According to a new order by the Treasury Department, all transactions over $10,000 have to get filed with the IRS for documentation and taxation objectives. This announcement comes after the cryptocurrency market […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BearishToday, DOT price is falling after rejection from the $32 high. In the previous price action, Polkadot plunged to $16 low and pulled back as bulls bought the dips. However, the uptrend was short-lived as DOT price faced resistance at $32.50. […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold has continued its upward move. The gold price has broken above the resistance at $1,800 to reach the high of $1,876.On May 18 uptrend; the retraced candle body tested the 61.8% Fibonacci retracement level. The retracement has indicated that […]
