USDCHF Price Analysis – February 23 USDCHF has been outperforming during the European session breaking the above-known barriers. The pair emerges from lows at 0.8949 level while sustaining its upside run past the 0.9000 level. At the moment, US Dollar Index (DXY), is down 0.1% on the day after it rose to a daily high […]
The “no boring days in crypto” trope appears to have gained more validation over the past 24 hours. Just a few hours after Bitcoin (BTC) recorded a new all-time high at $58,480 and seemed to be waxing stronger on its bullish momentum, the benchmark cryptocurrency got racked with one of the sharpest declines in its […]
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 a strong uptrend. The bulls have finally broken the resistance at level 1.0850 which has been holding since November 2020. The price has risen above level 1.0900. Meanwhile, on February 8 uptrend; a retraced candle body tested […]
Key Resistance Level: 1.2180 Key Support Levels: 1.2150 – 1.21 Mid-Term View The EUR/USD has rallied to a big level. Last time it tested and rejected it, price moved down 230 pips (-1.88%). It´s important to see the confluence here (key resistance + short term bullish structure test + short term bullish targets + DXY […]
Key Support Levels: 104.90 Key Resistance Levels: 105.40 – 105.70 – 106.20 Long Term View The USD/JPY is trading inside a mid term bullish structure and has now retraced back 76.4% of the entire bullish move to retest the structure and the previous weekly lows having hit short term bearish targets in confluence. Long term […]
ADA Price Analysis – February 23 The price may increase to $1.23 – $1.31 should the bulls gain more momentum and the daily candle closes above the $1.11 level. In case the bears defend the $1.11 level, the bears’ pressure may likely reduce the price. ADA/USD Market Key Levels: Resistance levels: $1.11, $1.23, $1.31 Support […]
Key HighlightsLitecoin is in a sharp decline, may reach the low of $180Litecoin reaches bearish exhaustion Litecoin (LTC) Current StatisticsThe current price: $1,588.73Market Capitalization: $181,735,755,212Trading Volume: $44,733,702,218Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis February 23, 2021Since February 20, Litecoin has been falling after its rejection from the […]
Nvidia recently reported that it would start cutting down the efficiency of Ethereum (ETH) mining or any other cryptocurrency for that matter through the use of its new lineup of upcoming graphics processing units (GPUs). The US-based hardware maker, via a blog post on February 19, noted that this restriction would get rolled out first […]
Prime Minister Boris Johnson today unveiled plans to gradually ease the lockdown measures, adding to the optimism. The cable is back above 1.40 and hitting a fresh 34-month high of 1.4052 after briefly falling to 1.3980 in early European deals on Monday. On Monday, the UK government released a document detailing its plan to ease […]
