Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: RangingFrance 40 index is in a range bound move. The index is currently fluctuating between levels 4800 and 5100. Recently, the price broke the lower price range but pulled back into the range-bound zone. It is moving up to […]
Gold (XAU/USD) has refreshed its daily highs around $1898 and is currently trading at $1891 (+0.5%) in the early European session. The precious metal regained bullishness following reports that US President Donald Trump was willing to give aid to airlines and small businesses. However, charters concerning the European Union’s steel tariff on several Asian countries […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingEUR/CHF is in a range-bound movement. The market is fluctuating between level 1.0750 and 1.0850. The pair is gradually falling in a sideways move. In October, the price has been falling from the high of 1.0800 to level 1.0774. The […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BullishUSD/CAD has resumed an upward move. On September 23 uptrend; the retraced candle body tested the 50 % Fibonacci retracement level. This indicates that the pair will rise and reach the 2.0 Fibonacci extension level. That is, the pair will […]
Key HighlightsEther resumes selling pressure, may fall below $300Ethereum loses $350 critical support Ethereum (ETH) Current StatisticsThe current price: $337.62Market Capitalization: $38,117,794,920Trading Volume: $13,669,638,657Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis October 7, 2020Ether has resumed a downward move after the bulls fail to sustain price above the […]
Anyone new to trading Stocks, Metals, Forex, or Cryptos will quickly stumble upon a flurry of mentions of bulls and bears and their grammatical derivatives. Trading commentators might suddenly proclaim a market is bullish or be warned, momentum has turned bearish. There’s even tell of investors with bullish or bearish sentiments. But what exactly does […]
Fed Chairman Jerome Powell said in his speech that economic growth “is still far from over.” “At this early stage, I would say that the risks of political interference are still narrow,” he added. “Too low support will lead to a weak recovery, creating unnecessary hardship for households and businesses.” Powell also noted: “The risk […]
A senior commodity strategist at Bloomberg, Mike McGlone believes that the world’s largest cryptocurrency, Bitcoin (BTC), could have a $100,000 price tag by 2025. The cryptocurrency has shown a strong predisposition in adding more zeros to its price since 2011. In the October edition of the Bloomberg Crypto Outlook, Mr. McGlone, an adept Bloomberg Intelligence […]
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. The index 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. […]
