Canada’s economy continued to grow during the second wave of the virus’s spread and restrictions. The GDP level in the fourth quarter was still down 3.2% from last year, but it is much better than the second quarter by 13% compared to the same period last year. While the pace of improvement slowed in December, […]
Cardano announced yesterday that it has successfully implemented an upgrade to its network, noting that this is a crucial milestone. The company mentioned that the update introduces Goguen features of native token functionality and multi-asset support. Goguen is a significant upgrade on the Cardano roadmap and introduces smart contracts and enables users to build dApps. […]
Key Resistance Zones: 33000, 33500, 34000Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: BullishUS Wall Street 30 is in an uptrend. The first uptrend was resisted at level 32000. The price fell to level 31000 and resumed upward. The bulls have to break the current resistance for the index to […]
Key Support: 1.2645 Key Resistance: 1.2700 – 1.2740 Long Term View The Canadian Dollar has been super strong against the US Dollar but it has now bounced from a Key Level from February 2018 and it has depreciated 2.25% against the USD since that bounce last Thursday (USDCAD +2.25%). 1H Chart Analysis After last Thursday´s […]
Key Support: 0.7720 Key Resistance: 0.7900 Long Term View Bullish, extremely bullish. The Aussie is the one of the currencies that has outperformed the US Dollar since the pandemic back in March 2020. The rally we have seen since November is a massive 100 pip run (+14.5%). 1H Chart Analysis The move from the highs […]
Reuters reported, on Monday, that Goldman Sachs Group Inc. has just reestablished its cryptocurrency trading desk, as Bitcoin (BTC) trading becomes hot again. The behemoth financial institution noted that the desk would “begin dealing bitcoin futures and non-deliverable forwards for clients from next week.” The bank also noted that the desk would take on projects […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishEUR/CHF is in an uptrend but it is currently retracing. In the first uptrend, the price reached a high of level 1.1100 and was repelled. The pair fell to level 1.0956 and resumed fluctuation. On February 24 uptrend, a retraced […]
USDCHF Price Analysis – March 2 The USDCHF pair added to the prior day’s positive traction during the early European session on Tuesday breaking higher beyond the mid 0.9100 marks. This advance comes as the dollar’s strength continues for the second day in a row with a noticeable shift in the market’s dynamics. The US […]
ADA Price Analysis – March 02 Should the bears further increase their momentum and push the price to the support level of $1.11, then, $0.98 level may be tested. In case the price is rejected at the $1.23 level, the price may continue bullish movement. The resistance level can be found at $1.46, $1.68, and […]
