A new bill that will exonerate personal crypto transactions from capital gains taxation has been revived in the US Congress. How the Bill Works The bill, which is dubbed “The Virtual Currency Tax Fairness Act of 2020,” will provide immunity for digital currency-related expenses that are recognized as personal transactions. This means that cryptocurrency users […]
EURJPY Price Analysis – January 17 Increased selling surrounding the European currency is driving the currency to give part of its weekly gains and plunge back to the level of 122.40. Strengthening sentiment against the US dollar on Friday puts additional pressure on other pairs, and all this follows the anticipated results of recent US […]
XAUUSD Price Analysis – January 17 Gold rose in the middle of the European session to the American session on Friday and is presently trading near the upper limit of its weekly trading range, about $ 1560 level. A sustainable movement to the level of $ 1560 was seen as a key factor for buyers […]
• Bitcoin hits $9000 after a long-term breakout. • BTC remains bullish but sellers lurk around. • A break below $8500 may set the market on correction mode. Again, Bitcoin’s price has increased by roughly 5% to hit $9000 after breaking from the strong bearish zone of $8400 this week. This surge has made BTC […]
Amid climate change and harsh weather patterns, BlackRock intends to divert its attention from fossil fuel to eco-friendly alternatives. Following the news of BlackRock going green, Tesla stocks have been showing positive signs in the market, gaining a new bull run on Wall Street. This comes after a series of record-setting landmarks for the past […]
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bullish Surprisingly, the bulls made an impressive move as it reaches the high of $0.24. The selling pressure was overwhelming as the bears push the price to a low of $0.22. Meanwhile, if the selling pressure continues, the coin will […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish For the past three days, the bulls have been compelled to a stand still below the $9,000 resistance. Bitcoin is in a sideways move below the resistance for a few days since the upward move has been […]
AUDUSD Price Analysis – January 16 AUDUSD has dropped back from the corrective highs of the level at 0.6933 while losing the 0.69 handles today, registering a low on the level at 0.6887 in recent trade, piercing the moving average 5. Key Levels Resistance Levels: 0.7085, 0.7031, 0.6933 Support Levels: 0.6850, 0.6754, 0.6670 AUDUSD Long […]
USDWTI Price Analysis – January 16 WTI (oil futures) is changing intraday while trading moderately from Europe into the American trading session, recently meeting fresh supplies after the International Energy Agency (IEA) released a bearish monthly report on the oil market thrashing investors’ bias. Key Levels Resistance Levels: $ 63.04, $ 60.34, $ 58.70 Support […]
