Key Resistance Levels: $225, $250, $275Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: BullishEthereum has been on a downward correction after the breakdown on May 10. Buyers find penetration difficult at the $200 and $205 resistances. After the resistance at $205, ETH fell to $191 low. At the low of $195, ETH rebounded twice […]
The Italian Government is combating the illegal organization by spending €15 million (about $16.2 million) on innovation, especially in the development of blockchains. The fraudulent organization grew from $461 billion in 2013 to $1.3 trillion as per a 2018 Forbes survey. It is approximated the industry may reach $2.8 trillion by 2022. Italy is the second-most […]
Over the weekend, famous author, Robert Kyosaki, made a tweet that was hard to miss. The financial educator—best known for his book “Rich Dad Poor Dad”— is an ardent Bitcoin supporter and has been promoting the cryptocurrency for a while now. Kyosaki tweeted yesterday that with the global economy in crisis, he’s becoming especially bullish […]
GBPUSD Price Analysis – May 17 From the previous session into the new week, GBPUSD holds in red and continues to trade under strong selling pressure towards the mid-1.2000 handle. Sterling is under severe pressure due to extended lockdown that caused record-breaking economic contraction while basing that the central bank does not consider negative rates, […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 index is rising and in an ascending channel. The market in its bullish move has fallen to level 23000 low. The current support is holding as the market resume upward move. On the […]
GBPJPY Price Analysis – May 17 GBPJPY turnaround from highs beyond 133.00 level earlier in the previous week has continued to slide further down to fresh May lows beneath the threshold of 130.00 where the FX pair may find buyers. At the end of the week, the pair depreciated about 1.17 percent, overwhelmed by investors concerning the effect of COVID–19 on the UK economy and fears of Brexit. Key LevelsResistance Levels: 147.95, 139.18, 135.76Support Levels: 128.58, 126.54, 123.99 GBPJPY Long term Trend: RangingIn the larger sense, 122.75 (low) level price activities are primarily a horizontal consolidation trend, which has been finished at level 147.95. The broader downward trend from level 195.86 (high) and that from level 251.09 (high) are anticipated to continue. A 122.75 level break may reach 195.86 to 122.75 levels with an estimate of 61.8 percent from 147.95 to 102.76 levels next. The trend may in some scenarios stay bearish as long as the resistance level of 147.95 remains intact.GBPJPY Short term Trend: BearishThe fall of GBPJPY continued last week to close at a level of 129.55 as seen on tradingview. The progression reinforced the perception that at 135.76 level corrective recovery from 123.99 level as seen on the daily chart has been finished. The initial bias remains on the downside this new week at 128.58 level for a 61.8 percent retracement from 123.99 to 135.76 levels. There the forceful split may also approach a low level 123.99 test. On the contrary, neutral intraday bias may first shift beyond the slight resistance level of 131.90. Bears stay in complete charge of GBPJPY and thus should anticipate more price weakness. Note: learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results Broker Benefits Min Deposit Score Visit Broker Award-winning Cryptocurrency trading platform $100 minimum deposit, FCA […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is currently trading within ascending channel. The current momentum is rather slow. The share has been making a series of higher highs and higher lows. The last higher low was above the support line. Certainly, the price must make […]
Key Resistance Zones: $10,000, $11,000, $12,000Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: BullishYesterday, BTC has been consolidating above the recent low of $9,130. Today, it has risen above $9,500.Since on May 15, the upside correction has been stable because the bulls sustained hold above $9,000 support. Bitcoin bulls have made several […]
Chinese steel firm, Baosteel, has used blockchain technology to complete a letter of credit (LC) transaction. Baosteel executed the renminbi LC in collaboration with Rio Tinto, an Australian mining company. The payment is the first time a cross-border contract, using the renminbi, is done paperless. The transaction was operated by the British multinational financial services […]
