Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD has been in a downward move. The downtrend is likely to continue. On November 9 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair will fall to level 1.618 Fibonacci extensions. […]
EURCAD Price Analysis – December 9 EURCAD has come under renewed selling pressure, falling back towards the sub 1.5500 level. The common European currency has plunged by 0.29% against the Canadian Dollar since the day’s start. The central event in both the US and Europe is the outcome of the stimulus budget fights except CAD […]
Ripple price predictions for are excellent. Ripple XRP was expected to perform bullishly in previous years due to adoption and the rapid growth of the cryptocurrency market cap. The price of XRP hit an all-time high in the past years, while in , it is expected to hit between $4 and $5. Ripple is a […]
ADA Price Analysis – December 09 Further increase in the bears’ pressure may push the price to reach the support level of $0.1; below this level is the $0.10 support level. Should the support level of $0.13 holds, then, ADA will be confronted with the resistance levels at $0.16, $0.17, and $0.19. ADA/USD Market Key […]
Gold (XAU/USD) traded lower through the Asian session on Wednesday and recorded a new two-day low around $1855, although it lacked any bearish follow-through strength. The prevalent upbeat risk appetite in the market is seen as one of the major factors undermining demand for the safe-haven asset, though the lasting US dollar (DXY) weakness helped […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is in an uptrend. On November 24, the index rallied to level 22500. The market has been consolidating below the resistance since November 24. The uptrend will resume if the bulls break the current resistance. Daily Chart […]
Pfizer may not be able to give more vaccines to the US until next June due to its commitments to other countries, as recently reported in the news. Meanwhile, the UK will be the first country to introduce the Pfizer/BioNTech coronavirus vaccine, which the UK government announced on Sunday. The National Health Service said the […]
MicroStrategy, an analytics and mobility platform, currently HOLDs a significant amount of Bitcoin (BTC) and plans to keep stacking its holding. The firm recently revealed that it is seeking financing to acquire more large chunks of Bitcoin. According to an official press release on December 7, MicroStrategy was considering taking on a $400 million private […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD is in an upward move. The pair rallied to level 0.7100 but faced rejection at the recent high. The Kiwi retraced and found support above level 0.7000. The support at level 0.7000 is likely to hold because of an […]
