Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishThe Kiwi has resumed an upward move. On December 17 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The NZD/USD pair will rise to level 1.272 Fibonacci extension and reverse. That is reversal will be at level […]
Strategists at one of America’s biggest banks, JPMorgan Chase & Co, are comparing Bitcoin (BTC) to the traditional store of value assets, like gold. The analysts, led by Nikolaos Panigirtzoglou, are asserting that the benchmark cryptocurrency—which is currently at $33k—could rise by about 4.4 times in the long-term to hold a price of $146,000. According […]
ADA Price Analysis – January 05 Should the bulls further increase their momentum and push the price to the resistance level of $0.27, then, $0.34and $0.38 may be tested. In case the price is rejected at the $0.27 level, the price may reverse. The support level can be found at $0.24, $0.21, and $0.19 levels. […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move since June. The index is falling by making a series of lower lows and lower highs. On December 17 downtrend, a retraced candle body tested the 50% Fibonacci retracement level. The […]
Key HighlightsLitecoin rallies to $173 highThe crypto retraces and consolidates above $150 Litecoin (LTC) Current StatisticsThe current price: $155.53Market Capitalization: $13,041,184,466Trading Volume: $9,609,246,821Major supply zones: $120, $140, $160Major demand zones: $90, $70, $50 Litecoin (LTC) Price Analysis January 5, 2021Litecoin has retraced from $173 to $150 support. The crypto is consolidating above the current support […]
The Dow crashed more than 3% Yesterday on the first Monday of trading in 2021. This move is by no means a Bearish signal but more of a dip buying opportunity if the next scenario plays out: The Georgia election for Senate are undergoing and this is SO important for stocks. A Democrat win would […]
USDCHF Price Analysis – January 5 The USDCHF pair refreshed multi-year lows during the early North American session, with sellers now looking to extend the downward trajectory further below the 0.8793 low marks. The downtick was exclusively boosted by sustained US dollar selling as investors remain convinced about the likelihood of more US financial aid […]
Wall Street traded lower on Monday, the first trading session of 2021, as worries over the ever-growing Coronavirus cases and the Georgia runoff elections take center stage. The Nasdaq 100 (NDX) saw a damning 3% decline from a fresh all-time high around 12950 before recovering just halfway (1.5%) by the close of the market yesterday. […]
S&P 500 Price Analysis – January 5 S&P 500 opened near 3706 levels, and it’s up at almost 0.50% intraday, during the European session on Tuesday. The index has recovered upside traction after the prior day’s low of 3663.4 level. The latest rally suggests the latest vaccine optimism may be among the market movers. Key […]
