EURCAD Price Analysis – October 21 The common European currency has increased by 25 pips or 0.17% against the Canadian Dollar since the days start. The EURCAD is currently trading in a narrow channel formation. Overnight the Canadian dollar weakened against other major curries as investors’ risk appetite improved. Key LevelsResistance Levels: 1.5739, 1.5675, 1.5600Support […]
XRP/USD Market October 21 The breaking up of the $0.25 resistance level will push up the price to resistance levels at $0.25, $0.27, and $0.29. The interruption of the bullish movement by the bears may result in price consolidation. Key Levels: Resistance levels: $0.25, $0.27, $0.29 Support levels: $0.23, $0.22, $0.21 XRP/USD Long-term Trend: Bullish […]
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 is still on a downward move but reaches bearish exhaustion. On October 12 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The implication is the pair will fall to level 1.272 Fibonacci extension and then reverse. […]
2020 is proving to be quite a milestone year for electric vehicle and clean energy company Tesla and its maverick CEO Elon Musk. The company manufactured its 1 millionth electric car. The Tesla Model 3 is now ranked as the world’s best-selling plug-in electric car. And to top it off, Tesla also accounted for 81% […]
The strengths of the euro and the Swiss franc continued to dominate the markets today. This is despite an increase in the number of cases of coronavirus infection in Europe. Meanwhile, Brexit talks remain stuck. Traders are betting that more global central banks such as the RBA and the Bank of England will soon join […]
Bitcoin (BTC) appears to have fully recovered, following yesterday’s break above $11,600. The recent surge occurred in tandem with the opening of the US trading markets for the new week and facilitated an inflow of $6 billion into the crypto space within a few hours. The sharp rally has caused yet another gap on the […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: RangingItaly 40 is in a sideways move between levels 19000 and 21000. ITA40 has been fluctuating since June. The price is now consolidating in the middle of the price range. The range-bound levels are yet to be broken. Daily […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD resumes a downward move after the rejection at level 0.6700. The price has broken level 0.6600 as the selling pressure persists. The price has fallen and reached a low of 0.65571. The downtrend will extend to the low of […]
S&P 500 Price Analysis – October 20 The S&P 500 is fixing a correction from the 5th consecutive daily low level of 3419 while raising rates around 3440, up 20 points, or 0.60% during the day during the Tuesday trading session. Uncertainty about fiscal stimulus, US elections, and the pandemic could mean the adjustment is […]
