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 June. Since December 4, the Yen has resumed an upward move. The upward move is facing resistance at the 21-day SMA. A break above the 21-day SMA will accelerate price […]
Key HighlightsBuyers fail to break the $90 overhead resistance after three unsuccessful attemptsLitecoin is likely to be range-bound between $78 and $88 Litecoin (LTC) Current StatisticsThe current price: $81.32Market Capitalization: $5,329,919,360Trading Volume: $3,960,545,045Major supply zones: $70, $80, $90Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis December 8, 2020After three unsuccessful attempts, buyers fail […]
USDCHF Price Analysis – December 8 USDCHF is trading around the level at 0.8892 having traveled between a range of 0.8914 and 0.8887 level on the day so far. The pair has plunged to its lowest level in 5 years at 0.8885 level as US Dollar Index clings to modest gains near 91.00. Key LevelsResistance […]
S&P 500 Price Analysis – December 8 S&P 500 index declined towards a level at 3676, down 0.30%, during the session. The index extends the prior day’s pullback from the historic high of 3706 levels. S&P 500 is modestly lower and seems to be struggling to pare its losses. The uncertainty over the US stimulus […]
The Nasdaq 100 (NDX) continued on its bullish trajectory from last week on Tuesday, as investors’ focus remains fixated on the approval of a much-needed stimulus package soon. A recent joint statement released by House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer indicates that the Democrats are ready to lower their stimulus package […]
Key HighlightsThe altcoin is consolidating between $280 and $300Bitcoin Cash will reach a low of $258 if the selling pressure persists Bitcoin Cash (BCH) Current StatisticsThe current price: $281.57 Market Capitalization: $5,191,316,193Trading Volume: $1,354,663,829Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis December 8, 2020Bitcoin Cash is in a […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: RangingThe index is in a sideways move but faces resistance at level 13200. On November 10, a retraced candle body tested the 88.6% Fibonacci retracement. This indicates that the index will rise to level 1.1129 and perhaps reversed. However, […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair has risen to level 1.0822 and it is facing resistance at the recent high. The price is falling and has reached the low of 1.0790. The selling pressure is likely to continue as it has broken the SMAs. […]
The Chief Executive Officer of Standard Chartered, Bill Winters, has affirmed his belief that widespread adoption of Bitcoin (BTC) and other digital assets (existing and yet to be made) are an “absolute inevitability.” According to a recent news report, the CEO asserted that there’s a “whole new world opening.” He added that the creation and […]
