The Nasdaq 100 (NDX) index traded on a mixed tone through Monday and closed higher with 0.4%. The markets found some relief yesterday following President Trump’s decision to halt the ban on Chinese social media apps WeChat and TikTok. However, traders are monitoring developments on the TikTok-Oracle deal to get clearer insights into the state […]
Key HighlightsThe bears broke the range-bound movement as price reaches the low of $39Litecoin will reverse at the low of $39 Litecoin (LTC) Current StatisticsThe current price: $43.68Market Capitalization: $2,861,261,200Trading Volume: $2,310,511,995Major supply zones: $70, $80, $90Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis September 22, 2020Following the last bearish impulse on September […]
The Asian session in the markets is rather calm, Japan is on vacation. Some selling is seen in Hong Kong stocks, but others are simply ignored. Forex markets tend to get stuck within Friday’s range, with the dollar and Swiss franc treading softly. On the other hand, the Australian currency and sterling are more stable […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: RangingThe index is range-bound between levels 12200 and 13200. Buyers face rejection at level 13200. The index has been fluctuating for over three months. The index has plunged to the lower price range. Daily Chart Indicators Reading:Presently, the SMAs […]
Bitcoin (BTC) is back in a bearish territory as about $12 billion has been shaved off the crypto market in the past 24 hours. Also, about $10 million worth of BitMEX BTC longs has been liquidated as a result of the decline. Over the past 12 hours, Bitcoin slumped from the $10,900 area to a […]
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 sideways trend. The market is fluctuating between level 1.0750 and 1.0850. The pair is now trading at a lower level of 1.0755. The sideways trend has been ongoing since July. A bullish trend is drawn showing […]
The AUD/NZD traded on a depressing sentiment through the first four sessions last week, before finding some reprieve on Friday, after breaking below the key 1.0800 psychological line. At press time, the pair appears to have regained its footing above the psychological level at 1.0822. On Friday, the Finance Minister of New Zealand, Grant Robertson, […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe EUR/GBP pair is attempting to resume an upward move. The pair is facing rejection at level 0.9200. A red retraced candle body tested the 61.8% Fibonacci retracement level. The pair will rise and reach the 1.618 extension level. […]
Gold (XAU/USD) appears to be trading under a depressing sentiment on Monday, following the scanty reaction to the Federal Reserve interest rate decision. Meanwhile, fresh statements from Fed officials later today might keep the yellow metal afloat as the apex bank has vowed to “increase its holdings of Treasury securities and agency mortgage-backed securities at […]
