Consumer prices rose for the fourth month in a row in September after blockages led to a sharp drop in prices earlier this year. However, some of the major price categories continued to show the effects of the pandemic. Food or grocery prices, for example, are falling for the third straight month after rising prices […]
Although Bitcoin has been trading with intense volatility over the past few weeks, it appears to be flat on a macro scale. The benchmark cryptocurrency has been trading within the same $3,000 range for the past five months. This has caused its macro volatility indicators to fall to record lows. A well-known volatility analyst, Mohit […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 is still in a sideways move. The index is currently fluctuating between level 5780 and 6100. Today, the market is rising to the upper price range. Daily Chart Indicators Reading:The 21-day SMA and 50-day SMA are sloping horizontally. It […]
Key HighlightsEthereum rebounds above $364 as the coin begins upside momentumThe coin is likely to retest the $395 resistance Ethereum (ETH) Current StatisticsThe current price: $376.62Market Capitalization: $42,580,385,793Trading Volume: $10,563,951,832Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis October 18, 2020Today, ETH rebounds above $369 support to reach a […]
GBPUSD Price Analysis – October 18 On Friday, the GBPUSD exchange rate fell to the 1.2862 level and later the rate reversed north to reach a high level of 1.2962. As Boris Johnson made sobering comments that the UK should get ready for a no-deal Brexit, some downside risk could likely prevail in the market. […]
GBPJPY Price Analysis – October 18 GBPJPY tends to have been capped at 136.62 level around the upside horizontal barrier after attempts to drive higher were curtailed on the daily chart by the moving average of 5 and 13. The pair is edging sideways as the trend has been taken by horizontal traction. Key LevelsResistance […]
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 upward move but faces resistance at level 0.6800. Buyers are resuming a fresh uptrend at the 0.6545 support level. The pair will move up to retest the 0.67000 price level. Daily Chart Indicators Reading:The Kiwi has risen to […]
Veterans of the markets generally agree that trading is largely psychological. That is one of the reasons why a trader with suboptimal strategy will trade profitably and another trader with a good strategy will be making losses. The method one trader uses to trader their way to financial freedom is what another trader uses and […]
Sterling is in the spotlight today in relatively calm markets. The excitement over Brexit caused strong volatility in the pound. But it remains within acceptable limits as, after all, negotiations between the UK and the EU will continue next week, perhaps with some intensification. As for the week, the Australian dollar remains the weakest, followed […]
