Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX index has been in an uptrend. The index reached a high of 7164.20. On May 10, UKX was resisted as it fell to level 6900.UKX price corrected upward to level 7100 before resuming downward. Meanwhile, on May 11 downtrend, a […]
The strongest currencies are the U.S dollar and the Euro, followed by the Canadian dollar. With another round of rising yields, global equities are under selling pressure today. Germany’s 10-year yield, in particular, soared past the -0.1 percent handle, reaching its highest level since mid-2019. The development came after the UK recorded higher-than-expected inflation, which […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.1900, 1.1800, 1.1700 USD/CAD Price Long-term Trend: BearishUSD/CAD has resumed an upward move. In the previous trend, the market fell to the low of level 1.2000. This current upward move is likely to face rejection at the 21-day SMA or 50 –day SMA. On the upside, if […]
The Indian government is reportedly rethinking banning crypto use in its jurisdiction and is now considering a more lenient regulatory approach. According to inside information, the government has created a new panel of experts to develop a regulatory framework for cryptocurrency use. The Asian giant has remained indecisive in its efforts regarding cryptocurrency for several […]
S&P 500 Price Analysis – May 19 Global equity indices began the week on a mixed note, with major sectors performing differently. As of this writing, the S&P 500 is down 0.88% on the day, trading at 4,084 level. On Tuesday, the indexes were pulled by doubts about the Fed’s next step, which came amid […]
Ripple (XRP) continues to expand its footprint in the MENA region. The cryptocurrency provider announced today that it signed a new partnership with the National Bank of Egypt. With the new partnership, Egypt’s largest banking institution in terms of assets can facilitate remittance inflows from the United Arab Emirates through LuLu International Exchange.&. The North […]
Key HighlightsEthereum continues downward move, breaks below $3,000The biggest altcoin will reach the low of $2,309.39 Ethereum ETH) Current StatisticsThe current price: $2,953.80Market Capitalization: $343,297,452,840Trading Volume: $49,480,964,678Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis May 19, 2021 Ethereum is continuing the second round of downward correction. In its […]
EUR/GBP is trading in the green at the moment of writing but it could turn to the downside again after retesting the weekly pivot point. The Pound could take the lead again soon as the currency remains strong. The United Kingdom inflation data have come in line with expectations earlier. The CPI increased by 1.5% […]
STELLAR Price Analysis – May 19 Should the bears maintain their momentum, the price will break down the support level of $0.57, and the price will reach the low of $0.50, which may extend to $0.42 level. In case the bulls defend the support level of $0.57, bullish movement may commence towards the $0.67, $0.78 […]
