Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishSince May 3, the USD/JPY upward move has been stalled at level 109.80 high. The bulls have not been able to break above the recent high. Consequently, the Yen has fallen twice to level 108.50. Today, the pair is retracing […]
The recent spike in euro and euro inflation is only temporary, according to European Central Bank (ECB) executive board member Isabel Schnabel, who spoke to German broadcaster ARD on Thursday morning. “This means we will keep financing conditions favorable to support the economy.” “There is no reason for an interest rate hike at the moment.” […]
According to a report by the Financial Review, Australian lawmaker Jane Hume earlier today argued that cryptocurrency is not just a fad and will become more important as an asset class. Her crypto-based comments were part of a speech explaining the Prime Minister of Australia’s approach to the new era of digital financial assets and […]
Gold stands at 1871.42 trying to stabilize inside of the buyer’s territory. It has decreased again after yesterday’s amazing rally to retest the near-term broken levels. The bias is bullish in the short term after the latest developments. I’ve told you in my VIP Live Session yesterday that personally, I’ll wait for the price of […]
Uniswap Price Analysis – May 20 Further increase in the bears’ pressure to break down the support level of $21 may lead to price decrease to the support level at $15 and $12 levels. In case the bulls defend the support level of $21, Uniswap price may increase to $26, $30 and $37 price levels. […]
AUDUSD Price Analysis – May 20 AUDUSD rises to a new intraday high of 0.7763 at the time of this post in early Thursday, up 0.20 percent on the day. Before April’s job report sparked a corrective pullback, the Aussie pair had been grappling with the risk-off mood. Amid Aussie jobs data, the failure to […]
USD/JPY decreased again in the short term but the bias remains bullish after yesterday’s rejection from a confluence area. It’s traded at 108.98 trying to come back higher and to erase today’s losses. Maybe the US Dollar will take the lead again if the US Unemployment Claims will continue to drop. The economic indicator is […]
Bitcoin (BTC) and the rest of the cryptocurrency market underwent an extremely volatile session over the past 24 hours. The benchmark cryptocurrency slumped to its lowest level since January at $30k and rebounded by about $10k over the hours. Bitcoin suffered terribly following negative announcements from Tesla and China. The recent slump is said to […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishYesterday, Dogecoin fell to $0.21 low as bulls bought the dips. It appears DOGE price has reached bearish exhaustion. Since May 8, the altcoin has been in a downward move. In the initial breakdown, the coin dropped to $0.35 low. DOGE price […]
