Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishThe Kiwi was earlier in a downtrend. Today, the price has fallen and broken below the SMAs. The price action is indicating that a candlestick has a long tail. The long tail indicates that there is strong buying pressure at […]
The only major impediment to job growth is viral risk and containment measures. There is good news on this front – vaccination rates are set to pick up. For some of the hardest-hit industries, this will allow them to resume work and hire some of their workers in the spring and summer. Broad government support […]
As one would expect, a change of administration in the world’s largest economy holds so much weight for emerging technologies like blockchain and cryptocurrency. A change in policies and regulations can either boost or frustrate the growth of the cryptocurrency industry. With that in mind, America’s top blockchain group, Blockchain Association, is taking no chances […]
XAGUSD Price Analysis – March 7 The price of the white metal came under immense pressure in the prior session and briefly dipped below the $25.00 level. A move beyond the $25.00 breakpoint will negate the selling bias. The lack of lasting downside probably owes itself to the fact that US government bond yields, which […]
A recent report by Glassnode shows that the morale among Bitcoin (BTC) Hodlers remained upbeat despite the recent significant market crash. The report showed that most Hodlers would not have sold even if Bitcoin experienced its worst price drop in history. Based on a chart shared by the analytics firm, most people who bought Bitcoin […]
Key Resistance Zones: 14000, 14100, 14200Key Support Zones: 13400, 13300, 13200 NASDAQ 100 (NAS100) Long-term Trend: BearishNAS100 is in an downtrend. The index reaches the high of level 13885 and was repelled. The downtrend has been ongoing. On February 26 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that […]
Key HighlightsEthereum bulls break the $1,600 resistanceThe coin is likely to face resistance at a level of $1,700 Ethereum ETH) Current StatisticsThe current price: $1,660.62Market Capitalization: $190,500,499,597Trading Volume: $190,500,499,597Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis March 7, 2021 Ethereum bulls are attempting to break the $1,600 resistance. […]
The Kentucky House Budget Committee has approved a bill in a recent 19-2 vote to remove sales tax on electricity for cryptocurrency mining operations in the state. Given the explosive growth of blockchain technology and the increased use of cryptocurrencies across the globe, Kentucky lawmakers are searching for ways to court miners and boost mining […]
The dollar continued to rise early in the US session following the release of a much stronger-than-expected nonfarm payroll report. The yield on the 10-year bond also rose sharply and is now over 1.6 again. The dollar is currently the second strongest in a week, behind only the oil-backed Canadian dollar. Although the Swiss franc […]
