S&P 500 Price Analysis – April 8 S&P 500 renewed its year high by rising above 4100 at the time of this post. The index is consolidating under a new record high of 4102.5, posted after a 0.12% rally on Thursday, sparked by positive market sentiment. The global economy jumped as optimism about rapid growth […]
An XRP enthusiast, Thomas Hodge, has initiated a petition on Change.org charging the SEC Chairman-designate Gary Gensler to “end the war on XRP.” Gensler is President Joe Biden’s appointee to head the US Securities and Exchange Commission following the end of Jay Clayton’s tenure as SEC Chairman. The petition narrates that: “We’re asking Gary Gensler, […]
Key Support: 20.10 Key Resistance: 20.45 – 20.60 – 20.90 The USDMXN has dropped 4% in the past 3 weeks and 6.92% since its March 2021 highs. In the short term price has been dipping inside a very structured bearish move and now we are retesting the August 2019 highs. Back in August 2019 this […]
Silver rallies at the time of writing and it stands at 25.449 level. The price has taken out the immediate obstacles signaling strong buyers. The price has developed a short-term rebound after the last massive sell-off. The current risk-off sentiment that dominates the markets could send Silver higher in the short term. XAG/USD H1 Chart […]
Fevertree (FEVR), the spirits and drinks mixer company that was once a darling of the London stock market, could be the perfect reopening stock. That might strike some as odd given that Fevertree was also touted as something of a stay-at-home stock too. However, one of the side effects of us all being at home […]
Uniswap Price Analysis – April 08 In case the bulls successfully gain more pressure and push the price below $29 support level, Uniswap price may reduce to $24 and $21 price level. Should the bulls gain more momentum and push up the price above the resistance level of $34, then, the resistance level of $39 […]
New data from Glassnode, an on-chain analytics provider, revealed that Bitcoin’s average hash rate has crossed a daily average of 178 exahashes per second, a new all-time high. The benchmark cryptocurrency’s hash rate has been on a steady ascent since February, where it cleared the 150 EH/s round figure twice. Hashrate is generally regarded as […]
EUR/USD is traded near a strong resistance area, so a sell-off could appear soon. The price action has a printed bearish engulfing which is seen as a reversal pattern. As you already know, the USD was into a corrective phase versus its rivals as the USDX retreated a little. Though, the US Dollar Index maintains […]
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 pair has continued its upward move but it is currently facing rejection from level 111.00. The pair is retracing and has found support above the 21-day SMA. Meanwhile, on March 31 uptrend; a retraced candlestick tested the 50% […]
