Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Bitcoin is falling after the bulls fail to overturn the overhead resistance at $10,400. The resistance at $10,400 has been a strong resistance since August 2019. The bears have succeeded in breaking the support at $9,800. This […]
EURUSD Price Analysis – February 17 The EURUSD pair is trading near the Friday multi-year low of 1.0827 level, showing small targets to move in one direction or another, as the daily high was set at 1.0850 level. Insufficient European macroeconomic calendar and US markets during the holidays are behind the lack of trade interests. […]
USDWTI Price Analysis – February 17 The loss of oil request in China and around the globe because of the outbreak of coronavirus is noteworthy, yet stays obscure both in scale and in the term, while the planning and size of the potential decrease in OPEC + production likewise stay exceptionally unknown. Key Levels Resistance […]
In May 2019, the Russian Prime Minister announced at the St. Petersburg International Legal Forum that digital assets are “not applicable” and that their popularity has “waned,” according to BeInCrypto Russia. Many attribute this to the fact that the government is not purposeful on blockchain technology and its supervisory territory. This does not appear to […]
The regulatory outlook of bitcoins and cryptocurrencies in the United States has long been choked by the emerging cryptocurrency sector, while several embraced more supportive zones such as Switzerland. “The general populace understands the clear guidelines of Europe on cryptocurrency storage, exchange registrations, laws for issuing payment tokens, utilities and security,” said blockchain pioneer and […]
• Bitcoin finds support after losing 6% but deciding on the next move. • Despite that, Bitcoin remains bullish inside a channel on the daily chart Over the past weekend, Bitcoin saw a huge price movement to the downside after marking a 4-month high around $10500. The $10000 breakdown has led to a serious selling […]
GBPUSD Price Analysis – February 16 GBPUSD rebounded from the daily low of 1.3000 to complete the previous week without changes near the level of 1.3050 and up during the week. The FX pair held back on recent successes caused by shifts in the UK cabinet that ended with Rishi Sunak becoming the new Chancellor […]
S&P 500 Price Analysis – February 16 As the coronavirus outbreak in China’s Wuhan continued to be the focus of attention last week which caused great volatility, overall, US investors do not seem to be too worried that the S & P 500 continues to record highs. Key Levels Resistance Levels: 3450, 3400, 3390 Support […]
Resistance Level: 7,500, 7, 600, 7,700 Support Level: 7,300, 7,200, 7,100 FTSE 100 (UKX) Long-term Trend: Ranging Unexpectedly, FTSE 100 shares have remained stagnant in the last 48 hours. There seems to be no price movement between February 14 and February 16. FTSE 100 shares have been ranging all through last year. It has a […]
