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. Since September, the price has been correcting upward to break level 1.340. However, the bulls are finding penetration difficult at the recent high of level 1.340. The bulls are buying the dips as […]
Trading is difficult at the best of times. The bulls and bears which dominate market movements are often difficult to predict. This invariably highlights the need for accurate forecasting and analysis vis-a-vis volatility, pricing, and demand. The world’s most actively traded market – currencies – eclipses stocks trading by a huge margin. Estimates suggest that […]
Bitcoin (BTC) has marked the end of an era, as the benchmark cryptocurrency closes the door to its recent multi-year bear market and aims for a new all-time high. BTC is now on the brink of breaking the $18,000 psychological resistance, with bulls dramatically destroying every pre-existing key resistance level. The cryptocurrency has now been […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is in an uptrend. The index has risen since October 29. The price has broken above the SMAs and the resistance at level 19900. This guarantees the resumption of an upward move. The price also broke the […]
USDCHF Price Analysis – November 17 The USDCHF currency pair was in decline today, taking the price down to reach a lower level at 0.9100. The pair’s eyes further move lower as it looks to extend its broader downside pressure. The Swiss franc is vulnerable within the G10 complex and facing challenges as global risks […]
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 but it is facing resistance at level 0.6900. The pair will fall if the current resistance holds. On November 11, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that […]
S&P 500 Price Analysis – November 17 The S&P 500 updated the record highs in the prior day at 3642 levels, gaining 1.28% however in the present session the upside bias catch a breather and dwindles beneath the 3650 barriers. The risk barometer steps back after Moderna boosted vaccine hopes as coronavirus news intensify. Key […]
Key HighlightsLitecoin rallies to $76 highThe crypto is currently fluctuating between $72 and $76 Litecoin (LTC) Current StatisticsThe current price: $71.57 Market Capitalization: $4,716,629,608Trading Volume: $5,605,076,671Major supply zones: $70, $80, $90Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis November 17, 2020Since October, Litecoin price has been making a series of higher highs and higher […]
The Nasdaq 100 (NDX) traded on a positive note through Monday and is likely to resume its bullish journey in the North American session on Tuesday. The index has started this week on a very positive footing, as market participants expect a replay of last week’s bull run in yet another COVID-19 vaccine-related development. The […]
