Following Tesla’s recent $1.5 billion (15% of its net cash holdings) Bitcoin (BTC) acquisition, many cryptocurrency enthusiasts have asserted that several more companies could follow suit. Some speculated that Apple could be next, while Max Keiser noted that it could be Larry Ellison’s Oracle. However, some JPMorgan analysts are holding onto a different opinion. According […]
XRP Weekly Price Analysis – February 10 The pushing up of the price to reach the resistance level at $0.62 may increase the price to the next resistance level which can be found at $0.73 and above. In case the bears manage to push the price below the support level at $0.39 with the […]
XRP Weekly Price Analysis – February 10 Should the bulls push up the price to reach the resistance level at $0.62 and the level does not hold the price, the next resistance level can be found at $0.73 and above. In case the bears manage to push the price below the support level at $0.39 […]
The dollar remains generally weak in today’s trading, although overall sentiment is stabilizing. Risk trading is taking a breather to some extent after earlier US stocks hit new intraday gains. Meanwhile, the dollar sell-off continues at the beginning of the American session and continues after weaker-than-expected values of the core CPI. Sterling rallies today amid […]
GBPJPY Price Analysis – February 10 The GBPJPY pair picks up bids following its bounce off the prior days’ low level of 144.03. Looking at the pair’s continuous upside trading its price jumps past 145.00 level during the early European session. The GBPJPY upside run is benefitting from UK’s lead in terms of the coronavirus […]
Gold (XAU/USD) climbed higher in the early European session on Wednesday, as a weaker US dollar (DXY) and the expectation of additional US fiscal stimulus boosted demand for the yellow metal. President Joe Biden’s proposed $1.9 trillion stimulus package continued to make significant progress, as Biden agreed on Tuesday to work with a proposal from […]
After rallying 3.5% Gold has hit a key level and has printed a lower high. We are still trading inside a long term bearish structure. The 1845 level rejection would bring bearish pressure at the breakout of the reversal pattern Broker Benefits Min Deposit Score Visit Broker Award-winning Cryptocurrency trading platform $100 minimum deposit, FCA […]
EURCAD Price Analysis – February 10 The EURCAD has been in an impulsive move higher after rebounding past 1.5400 level during the prior day and currently in the present session. The common European currency has surged by 24 pips or 0.15% against the Canadian Dollar since the day began amid the sideways market. Key LevelsResistance […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is in an uptrend. The index has risen to level 23500. However, the bulls could sustain the upward move as the index faces rejection at level 23500. The price is retracing on the downside. Daily Chart Indicators […]
