The EU is still trading inside of the range it has been trading for the past 2 1/2 weeks but now has broken with a wedge and dropped 36 pips to created wen weekly lows. We missed the move but a pullback to the previous broken level would give us a great short entry with […]
Key HighlightsEthereum consolidates above $1,300 Ether has strong buying pressure above $1,200 Ethereum ETH) Current StatisticsThe current price: $1,316.62Market Capitalization: $151,910,683,082Trading Volume: $27,636,629,137Major supply zones: $1,500, $1,600, $1,700Major demand zones: $600, $500, $400 Ethereum (ETH) Price Analysis February 1, 2020 For the past week, Ethereum is trading between $1,200 and $1,440. The price action is […]
Key Resistance Zones: 33000, 33500, 34000Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: Bearish US Wall Street 30 is in a downward move. The index has fallen to the low of level 29870.40. The last candlestick is showing a long tail indicating strong buying pressure at a lower price level. […]
According to Raoul Pal’s Global Macro Investor Report, Bitcoin (BTC) will likely grow by 10x from its current market capitalization by October 2021. Raoul’s GMI model utilizes Metcalfe Value to make forecasts and currently proposes that the benchmark cryptocurrency is significantly undervalued. GMI’s model uses Metcalfe Value to make the prediction and currently suggests the […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 has fallen to level 6407.50 after breaking below the moving averages. In such a breakdown, the downtrend is likely to continue on the downside. At other times, the market will pullback and resume upward. In a similar price action […]
The coronavirus continued to hit the world in the past week. Boris Johnson, UK Prime Minister said he hoped it would be safe to reopen schools on March 8 as the country remains isolated. France closed its borders to all non-European countries. In the US, President Biden said Congress needs to act immediately on his […]
GBPUSD Price Analysis – January 31 The GBPUSD pair exited the prior week with modest gains after it eased from the mid 1.3700 level to close at 1.3705. The coronavirus spread reduction eased the pressure and offered some reprieve to the UK currency which was quite resilient to the dollar’s demand on risk-aversion. Key LevelsResistance […]
GBPJPY Price Analysis – Jan 31 GBPJPY moved with a fresh impetus while hitting the level at 143.95 high in the prior session. The pairs upside traction may attract buyers past the 144.00 level as it awaits the next catalyst this week. The pair’s buyers anticipate a raised prospect of a rally towards the old […]
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 is intact as the pair rebounds above level 0.7100. Since January 27, the price has been falling after rejection from level 0.7250. The downtrend is likely to end if level 0.7150 support holds. The long candlestick tail indicates […]
