Ever since Facebook publicized its plans to develop a digital currency called Libra, central banks across the globe have tried to counter it with their cryptocurrency. While Facebook’s Libra has come under heavy scrutiny and regulatory obstacles, more than 80% of the world’s central banks are working assiduously to develop a central bank digital currency […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: RangingThe index is in a downward move below level 29000 overhead resistance. The market has been on a downward move after the bulls fail to break the overhead resistance. The index has reached a low of level […]
The Euro has shown itself to be impressively tenacious amidst an evident increasing risk of a dual recession. October PMI indices have already shown diverging sentiments in manufacturing and services, as well as among member countries. There is a slowdown or even contraction ahead, and tens of millions of people are returning to restrictions related […]
GBPUSD Price Analysis – October 25 The GBPUSD broke below the 1.3050 level and at risk of plunging in the short-term beneath the 1.3000 level, after hitting a fresh two day low in the prior session. The Pound is under pressure as US Dollar recovers momentum however the upbeat UK Retail Sales and expanding business […]
GBPJPY Price Analysis – October 25 The Pound sterling vs safe-haven Yen stays fragile under selling pressure at the end of the week, despite trading in a consolidation channel between 137.84 and 135.38 levels. Persistent Brexit-related uncertainties continued undermining the sentiment around the GBP. Key LevelsResistance levels: 147.95, 142.71, 137.84Support levels: 135.38, 133.04, 131.75GBPJPY Long […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 is in a downward move since June. The Share price has been making a series of lower highs and lower lows. Today the market has fallen to level 5780 but it is making a retest after which the downtrend […]
Key HighlightsEthereum battles resistance at level $420 highThe coin is likely to reach another high of $434 Ethereum (ETH) Current StatisticsThe current price: $415.57Market Capitalization: $47,020,287,242Trading Volume: $12,506,980,622Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis October 25, 2020Following the breaking of the $395 overhead resistance, Ethereum resumed upside […]
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 has risen to the overbought region. It may face rejection at level 0.6700. Since July, the pair has been fluctuating between levels 0.6600 and 0.6800. Daily Chart Indicators Reading:The Kiwi has risen to level 57 of the Relative Strength […]
BNBUSD Price Analysis – October 24 The price breakup at the resistance level of $31 will expose the price to the resistance level of $33 and $35. Likewise, the breakdown of the support level at $29 will reduce the price to the support level at $26 and $24. BNB/USD Market Key levels: Supply levels: $31, […]
