January was a good month for the Canadian economy. Despite tightening public health restrictions in Ontario and Quebec, the recovery has strengthened, reflecting the growing resilience of the economy to the pandemic. With Statistics Canada forecasting continued growth in February, the first quarter of 2021 will be very good for Canada. Overall GDP rose 0.7% […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 is in a sideways trend. The index has been trading below the resistance at level 6800. Since January 6, the resistance level has not been broken. On January 6, the bulls broke the resistance but the bullish momentum could […]
Key HighlightsVechain price rallies to level $0.09 and resumes sideways moveThe altcoin has a target price of $0.11 Vechain (VET) Current StatisticsThe current price: $0.08638Market Capitalization: $7,491,123,024Trading Volume: $7,491,123,024Major supply zones: $0.10, $0.11, $0.12Major demand zones: $0.07, $0.06, $0.05 Vechain (VET) Price Analysis March 31, 2021 Vechain has been in a smooth uptrend since February. […]
US100 (Nasdaq 100) trades at 13,118 level and it seems determined to resume its growth if it jumps above the former highs. The downside seems limited after its failure to confirm a broader corrective phase. The index rallies after the US released the ADP-Non Farm Employment Change. The economic indicator was reported at 517K higher […]
Key Resistance: 1.2600 Key Support: 1.2480 – 1.2360 The USDCAD rallied 2.30% the last 2 weeks mainly due to some USD strength and Crude weakness. This week buyers kept trying to break the previous week´s highs until Yesterday they where able to just to see sellers smash price down from the 1.2640 This gave us […]
Key Support: 1684 Key Resistance: 1725 – 1750 Gold dipped this week from the weekly pivot to retest the 1680 level again. As discussed earlier this week this level is a massive support on the daily/weekly and very likely where big money is going to be stepping in. On the lower times frames (1H) we […]
S&P 500 Price Analysis – March 31 The S&P 500 index rose to weekly highs of 3,983.4 on Monday, but the upside bias has dwindled ahead of the 4000 key barriers in the current session. The US 10-year Treasury yield stays firm around the highest since January 2020. Dollar and US yields will continue to […]
Ripple (XRP) has gotten a breather in its ongoing legal battle with the US Securities and Exchange Commission (SEC), following the decision by District Judge Analisa Torres to allow XRP holders to intervene in the case. According to recent reports, about 6,000 XRP holders petitioned to participate in the ongoing court case between Ripple Labs […]
US Oil (WTI) dropped in the short term after reaching a resistance area. Actually, a temporary decline was somehow expected after the amazing rally started in November 2020. Everyone’s wondering if the corrective phase will continue after the short-term rebound from 57.28, or the US Oil price will resume its major, long-term, uptrend. Personally, I […]
