Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD pair is in a downtrend. Presently it is rising in an upward move. The upward move is facing resistance at the 50-day SMA. The downtrend will resume if the pair faces resistance at the 50-day SMA. Since March 29, […]
Key HighlightsEthereum fluctuates between $2,001 and $2,142 price levelsThe biggest altcoin has a target price of $2238.03 Ethereum ETH) Current StatisticsThe current price: $2,085.25Market Capitalization: $28,557,558,824Trading Volume: 115,367,292 ETHMajor supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis April 7, 2021 Following the attainment of its peak price, the biggest […]
The US dollar wilted overnight before the onslaught of bullish risk sentiment that swept Wall Street after Friday’s Non-Farm Payrolls and the overnight ISM Non-Manufacturing PMI data. The dollar index fell 0.47% to 92.57, although it has recovered slightly in Asia to 92.68. Notably, despite the robust ISM data and aggressive equity rally, US yields […]
Key Resistance Zones: 33000, 33500, 34000Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: BullishUS30USD is still in an uptrend. Nevertheless, the index has reached the overbought region of the market. In the recent uptrend of March 18, a retraced candle body tested the 78.6% Fibonacci retracement level. This retracement indicates […]
A recent report from data analytics firm, CB Insights, shows that a whopping $2.6 billion has been raised by 129 blockchain-based start-ups in Q1 of 2021. For context, the total amount raised in 2020 by blockchain-based start-ups was a little over $2.3 billion. The report noted that the amount of capital raised in such a […]
UK100 (FTSE) is traded at 6820.2 at the time of writing, higher versus 6755.6 today’s low. It has jumped above the former high signaling strong bulls and more gains ahead. GBP’s aggressive drop registered today may help the UK100 stock index to resume its growth. The price action indicates an upside pressure after the latest […]
Bitcoin (BTC) has struggled over the past week to break the $60,000 resistance level, all to no avail. As the benchmark cryptocurrency continues to stall below the $60k mark, altcoins have taken charge and have driven the valuation industry higher, thereby causing Bitcoin to lose market dominance. The altcoin frenzy has seen some large-cap cryptocurrencies […]
GBP/JPY reached a strong dynamic resistance and now it could develop a correction. The price is traded at 152.81 at the time of writing, a new lower low could signal more declines. Technically, a temporary retreat is natural and somehow expected after the most recent growth. GBP is strongly bearish and it loses ground versus […]
USDCHF Price Analysis – April 6 The USDCHF pair eases from the prior day’s high of 0.9438 while taking downside pressure to fresh lows, the selloff halts beyond the mid 0.9300 level during Tuesday’s European session. Renewed USD strength and mixed reports about US stimulus give investors a pause after sending US stocks to record […]
