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 has resumed a downward move after rejection at level 1.3400. The coin is falling to revisit the previous low at level 1.3000. The downward movement will persist once level 1.300 is breached. Daily Chart Indicators Reading:The 50-day SMA and […]
The sterling is generally down today as the UK unemployment rate rose more than expected and parts of the country return to lockdown. Besides, it looks like there will be no progress on Brexit negotiations ahead of the EU summit later this week. The Australian dollar is the second weakest as China tries to stop […]
Bitcoin (BTC) fell by more than $400 from yesterday’s high. The drop occurred unexpectedly as the daily candle for yesterday closed. Meanwhile, the decline appears to coincide with an ominous astrological event, which has some historical significance with Bitcoin and a sell set up. Following the recent Square BTC adoption-induced bull rally, the benchmark cryptocurrency […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: RangingItaly 40 is still in a sideways trend. Presently, the index is in the middle of the price range. The lower price range is intact as price resumes. In the meantime, it is consolidating between levels 18200 and 21000. […]
ADA Price Analysis – October 13 The price may reach the resistance level at $0.15 provided the resistance levels at $0.11 and $0.13 are penetrated by the bulls. The demand levels to watch in case the price reverse are $0.10, $0.08, and $0.07 ADA/USD Market Key Levels: Resistance levels: $0.11, $0.13, $0.14 Support levels: $0.10, […]
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 is on a downward move but faces resistance at level 0.6800. A retraced candle body tested the 61.8% Fibonacci retracement level. It indicates that Kiwi will fall and reach a low of 1.618 Fibonacci extension level. That is level […]
USDCHF Price Analysis – October 13 After the close of the second week in negative territory, the USDCHF pair appears to have entered a phase of consolidation as the US Dollar Index rallies, supported by safe-haven flows. As the dollar began to gain strength on Tuesday, USDCHF rallied above 0.9100 level as a result of […]
S&P 500 Price Analysis – October 13 The S&P 500 upside move stalls at 3544 levels while trading in the negative territory on Tuesday as investors adopt a cautious stance while waiting for fresh developments surrounding the US stimulus talks. As of writing, the S&P 500 was down 0.65% on the day at 3520 levels. […]
Wall Street equities saw significant growth yesterday, with the technology and financial sectors leading the rally, as investors await big bank earnings this week. JP Morgan, Citigroup, Bank of America, Goldman Sachs, and Wells Fargo are the major names headlining the Q3 report releases this week. Based on a report by Factset, earnings expectations over […]
