Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishThe GBP/JPY is in a smooth uptrend. The pair is now approaching level 148.000 to break above it. Unfortunately, for the past four days, the bulls have not been able to break above the recent high. The pair has been […]
Key Resistance Levels: $35, $37.50, $40Key Support Levels: $25,$22.50,$20 DOT/USD Price Long-term Trend: BullishThe cryptocurrency is in a smooth uptrend. DOT price is making a series of higher highs and higher lows. The coin is currently making higher highs at a price of $32.50. The altcoin is retracing from the recent high. The recent price […]
Popular brokerage app Robinhood has announced that it is working on making cryptocurrency deposits, including Dogecoin (DOGE/USD), possible for its users. According to a tweet from the company’s official Twitter handle yesterday, the brokerage noted that it “fully intends” to add the extra functionality to its system but failed to mention any specific date for […]
On Thursday, the GBP/USD pair found several aggressive bids and rose by about 150 points during the day. The emergence of new US dollar bears was seen as a key factor fueling the momentum. The disappointing release of US jobless claims data adds to the downward pressure on the US dollar. The dollar has come […]
Key Resistance Levels: $1,900, $1,950, $2,000Key Support Levels: $1.700, $1,650,$1,600 Gold (XAUUSD) Long-term Trend: Bearish Gold (XAUUSD) is presently in a downward movement. It fell to level 1785.526 and corrected upward. The upward correction was terminated at level 1855.455. The market has resumed its downward move. On February 4 downtrend; a retraced candle body tested […]
Key Support: 20.15 Key Resistance: 20.45 Mid-Term View The USDMXN has rallied from the lows of a long term range around the 90.19 to 20.00 levels inside a very structured move. Short-Term Readings After missing the first impulse at the bottom of the move I´ve been watching this pair the entire week and today it […]
Anthony Scaramucci, the founder of Skybridge Capital, continues to be wildly optimistic about the prospects and performance of Bitcoin (BTC), as he now believes that the cryptocurrency could break the 6-digit barrier in 2021. The hedge-funder made his price prediction in a recent CNBC Squawk Box appearance after he got asked what his BTC price […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY is in an upward move. The uptrend has continued despite a pullback in February. On February 5 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the Yen will rise to level […]
Key level of support: 127.30 Higher Time Frame Readings The EUR/JPY has been in a heavy bullish run since it bottomed around and now its retesting the previous broken level. Short Term Entry The EJ has pulled back from the highs to retest the previous key level which confluences with the previous 3 weeks’ highs. […]
