A recent survey conducted by the Bank of America (BofA) on investment firms with over $500 billion in assets under management showed that investors are very bullish on Bitcoin’s long-term prospects. The survey highlighted that “long Bitcoin” has overtaken “long tech stocks” as the most taken trade in January 2021. Reuters reported earlier today that […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is in an uptrend but faces rejection at level 23000. A retraced candle body tested the88.6% Fibonacci retracement level. The Index will rise to level 1.1189 Fibonacci extension level. The index has already reversed and it is […]
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 has resumed a downward move after rejection from level 0.7300. The pair has fallen and reached the low of level 0.7116. The price has broken below 21-day SMA and a break below 50-day SMA will accelerate price movement. […]
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 pair has been in a downward move. Since January, the market has been in an upward move. On January 11 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the Yen will […]
Key HighlightsLitecoin battles resistance at $185The altcoin targets $260 price level Litecoin (LTC) Current StatisticsThe current price: $161.60Market Capitalization: $13,595,185,964Trading Volume: $8,740,555,485Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis January 19, 2021Litecoin bulls struggle to break the current resistance at the recent high. The altcoin is retracing after […]
The Q4 earnings season is at hand, with many Wall Street firms set to report their results this week. By next week, major American banks and the FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google) should have all dropped their earnings report, which is expected to shake things up for the Nasdaq 100 (NDX), S&P […]
USDCHF Price Analysis – January 19 The USDCHF pair retreated around 49 pips from daily highs and is presently placed near the lower range of the trading channel between 0.8920 and 0.8858 levels. The concerns about a surge in COVID-19 cases weighed on sentiment and benefitted the safe-haven CHF. Key LevelsResistance Levels: 0.9304, 0.9187, 0.8998Support […]
S&P 500 Price Analysis – January 19 The S&P 500 extend prior days upside run amid a quiet European session early on Tuesday staying unrelenting towards the 3800 levels. The risk barometer rises for the second consecutive day as global markets prepare for fiscal relief goals up to $1.9 trillion. Key LevelsResistance Levels: 4000, 3900, […]
Key HighlightsBCH ranges between $430 and $540A rally above $632 is likely if the bulls break the $540 resistance Bitcoin Cash (BCH) Current StatisticsThe current price: $516.25Market Capitalization: $10,876,620,939Trading Volume: $5,036,776,716Major supply zones: $400, $420, $440 Major demand zones: $250, $230, $210 Bitcoin Cash (BCH) Price Analysis January 19, 2021 Bitcoin Cash has been in […]
