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 plunged to level 17820 and resumed the uptrend. On October 12 uptrend, a retraced candle body tested the 38.2 Fibonacci retracement level. This implies that the market will rise and reach […]
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 now making an upward move. For the past week, the pair has been in a downward move as it reaches a low of 0.6600. Yesterday, the market resumes an upward move and may terminate at level 0.6700 which […]
USDCHF Price Analysis – November 3 The US Dollar has plunged by 0.47% against the Swiss Franc since the beginning of the day. Given that a breakout has occurred, sellers are likely to pressure the exchange rate lower while extending the downside bias during the following trading session. The downfall was sponsored by some aggressive […]
Key HighlightsLitecoin plunges to $51 low and corrected upwardLTC risks further downward move as price reaches overbought region Litecoin (LTC) Current StatisticsThe current price: $52.49Market Capitalization: $3,453,939,467Trading Volume: $2,849,880,504Major supply zones: $70, $80, $90Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis November 3, 2020Litecoin has been on a downward move. Today, the bearish […]
Hello Traders: The 2020 United States presidential election is here and traders are expecting high volatility in the markets. My TakeNothing unusual and nothing extraordinary will happen in the markets. The markets don’t surprise people when they’re looking out for such; surprises come only when people don’t expect them. Let’s use an example of an […]
S&P 500 Price Analysis – November 3 S&P 500 extends upside advance beyond 3350, up 0.5% on a day, during early Tuesday. The index went higher at the start of the week as investors get ready for the US presidential election. After the strong negative sessions in the preceding month, the index is trying to […]
The Nasdaq 100 (NDX) was the worst-performing major US index on Monday, as the technology sector continued on its weakened sentiment. While the recent weakness in the industry is regarded as a crucial bearish factor for the NDX, a bigger reason for the slump in the index is due to investors taking flight from riskier […]
ADA Price Analysis – November 03 The price is heading towards the support level at $0.08, if it breaks down the level, the support level of $0.07 will be exposed, and further decrease may reach $0.05. In case the support level of $0.08 holds, the price may reverse and target $0.10, $0.11, and $0.13 resistance […]
The USDCAD is setting up for a bounce pre US election day. Structurally speaking we are retesting and rejecting the 1.3220 level which are the previous highs. The USD however is rejecting the 94.00 level which could be bearish for the USDCAD. If the USDCAD breaks with the 1.3200 level all bullish bets are off. […]
