Gold is traded at 1,831 lower versus 1,843 Friday’s high signaling exhaustion in the short term after the last bullish momentum. The yellow metal has rallied as the USD has resumed its depreciation after poor NFP data. XAU/USD was bullish, so the upwards movement was somehow expected. Now it has reached strong resistance, so we […]
Last week, the dollar fell sharply as the massive non-farm payroll disappointment provided a clear nod to the Fed’s cautious approach. Only realized economic data, not forecast outlook, could be considered significant progress. Indeed, the Fed isn’t in a position to even suggest tapering. The anticipation that ultra-loose monetary policy will continue to be in […]
Monero – Guide, Tips & Insights | Learn 2 Trade (XMR) Price Analysis: May 09 When the bulls continue to increase their momentum, $511 resistance level will be broken up side, and Monero – Guide, Tips & Insights | Learn 2 Trade will increase towards $550 and $610 levels. Inability to break up the $551 […]
XAGUSD Price Analysis – May 9 Silver (XAG) surged to two-month highs of $27.67 to close at $27.45 on Friday, gaining nearly 20 percent for the week. As XAGUSD surges higher, buyers have eyes toward the mid $28 region. A major disappointment on the headline NFP number could explain Silver’s towards the end of the […]
Goldman Sachs has announced via its internal memo seen on CNBC Friday that it has assembled a cryptocurrency trading team. According to the publication, this would be the first time the behemoth investment bank has confirmed a relation with cryptocurrency trading. The memo, titled “Formation of Cryptocurrency Trading Team,” was composed by Rajesh Venkataramani, a […]
According to a recent report by Learn2Trade, Bitcoin (BTC) investors are continuously pulling out their crypto-assets from exchanges, which is a good indication that selling pressure is at a low, and price hikes could ensue shortly. This proposition, which was put forward by CryptoQuant, has gotten confirmation from the on-chain analytics data provider. Through the evaluation […]
Key HighlightsEthereum rebounded above $3,250 support, approaches the high of $4,000Ethereum trades in the overbought region Ethereum ETH) Current StatisticsThe current price: $3,929.29Market Capitalization: $453,997,802,661Trading Volume: $53,397,522,939Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis May 9, 2021 Yesterday, Ethereum bulls broke the resistance at $3,542 as the altcoin […]
For its Q1 report for 2021, Ripple (XRP) has announced that it grossed a total of $150.34 million in XRP sales, a 97% increase from its Q4 2020 report of $76.27 million. The company noted that the sales boom was triggered by the growing demand for RippleNet’s On-Demand Liquidity or ODL service. The company noted […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: RangingGBP/JPY is presently in a sideways trend. The pair is presently rising to retest the resistance at level 152.50. The next resistance will be retested if level 152.50 is breached. On April 6 uptrend a retraced candle body tested the […]
