Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BearishUS Wall Street 30 is in an uptrend. The first uptrend reached level 35000 and was resisted. The price retraced to level 33563.20 and resumed a fresh uptrend. The second uptrend was resisted at level 34500. Meanwhile, […]
Today, the dollar’s decline accelerates as risk-on appetite returns to the markets. The yen is the second weakest currency. The biggest winners at the moment are European majors. Commodity currencies are lagging a little. Other markets are marginally higher, with European indices trading slightly higher and US futures pointing to a higher close. Due to […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishEUR/CHF pair is in a downward move. The pair is facing rejection at the high of level 1.1150. The currency pair has fallen to the low of level 1.0926. It corrected upward but it is being resisted at the 21-day […]
New reports show that roughly 9 out of 10 Bitcoin (BTC) mining pools support the Taproot activation. This network upgrade could significantly improve the Bitcoin network scalability and privacy features. However, considering that Bitcoin is in a Difficulty Epoc, an upgrade seems unlikely. BTC.TOP became the latest mining pool to endorse the Taproot upgrade and […]
Behemoth accounting firm Ernst & Young Global Ltd. has joined the growing list of large corporations investing in crypto and blockchain technology. The firm announced yesterday that it has invested $100 million into engineering and developing distributed ledger technologies (DLT). Ernst & Young unveiled its second-generation (G2) smart contract and token review tools using its […]
USDCHF Price Analysis – May 18 Early in the European session, the USDCHF pair slips beneath 0.8998 to multi-month lows, with sellers now looking to expand the downward trend below the 0.8950 low level. The decline was fueled solely by sustained US dollar sellers, as Investors’ risk aversion boosts demand for safe-haven Franc. Key LevelsResistance […]
Key HighlightsLitecoin resumes an uptrend above $275 supportThe altcoin faces rejection at level $310 Litcoin ( LTC) Current StatisticsThe current price: $306.30Market Capitalization: $25,869,734,534Trading Volume: $6,852,822,773Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis May 18, 2021Litecoin has been in a downward movement since May 10. LTC/USD has fallen […]
Key Resistance: 15535 Key Support: 15355 – 15250 The German Dax has rallied 5% since it bottomed around 14820 late last week and now is retesting April 16 highs (all time highs) whilst breaking the short term structure and last week´s highs. The last time the Dax traded at these levels it dropped 4.56% (710 […]
AUD/JPY reached a strong resistance area and now it could drop again in the short term. Is trading in the red at the 85.00 psychological level. Registering a new lower low could activate a sell-off. The Aussie seems weak after the Monetary Policy Meeting Minutes. The Japanese Yen could take full control if the JP225 […]
