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 […]
The dollar as a whole remains weak ahead of the start of the American session. But as risk appetite cools slightly, buyers are turning their attention to the Swiss franc and the yen. In the end, the dollar fell sharply as US stocks surged to new all-time highs in reflationary trading and vaccine optimism. Selling […]
Behemoth electric manufacturer, Tesla, has become the latest institutional investor to invest a huge sum into Bitcoin (BTC) after it was announced yesterday that the company bought $1.5 billion worth of Bitcoin in January and now accepts BTC payments. The trend of institutional investors taking up huge amounts of Bitcoin picked up momentum in the […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishThe Kiwi is stuck between levels 0.7100 and 0.7300. There has been no significant price movement. The price is characterized by small body indecisive candlesticks. The price action has remained stagnant. Daily Chart Indicators Reading:The Kiwi has risen to level […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY has reached the target price and was rejected. The price retraced to the low at level 104.62. The current support appears to be holding as there is the presence of bullish signals. The market is expected to move […]
Africa-focused e-commerce play Jumia Technologies (JMIA) stock took off after it announced a beat on its 3Q 2020 results back in November, despite an 18% fall in revenues. After a rocky debut as a public company in April 2019, when the price jumped at IPO only to fall back below the IPO price of $14.50 […]
ADA Price Analysis – February 09 The inability to break up the resistance level of $0.73 by the bulls will result in price declination towards the support level at $0.59, $0.50, and $0.43 level. The breakup at the $0.73 price level will push the price to $0.83 and $0.98 level Key Levels: Resistance levels: $0.73, […]
Key HighlightsLitecoin reaches the high of $174 but was resistedThe alt-coin plunges to $164 low Litecoin (LTC) Current StatisticsThe current price: $168.35Market Capitalization: $14,105,166,061Trading Volume: $9,936,084,311Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis February 9, 2021On February 8, Litecoin rebounded above $151 support and rallied above the $160 […]
USDCHF Price Analysis – February 9 The USDCHF pair sustained its heavy selling pressure through the mid-European session into the American session and was last seen at 0.8929 low toward 0.8920 regions. A shift in the US Treasury bond yields weigh on the dollar and was seen exerting pressure on the USDCHF pair. Key LevelsResistance […]
