Bitcoin (BTC) has dropped dramatically to the $10,300 area in the past few hours, after a brief attempt to break out of its current range. This decline is believed to have been an orchestrated pump-and-dump strategy by whales on smaller traders. BTC grew by over $120 in a few hours, followed by a modest consolidation […]
GBPUSD Price Analysis – September 13 The GBPUSD pair settled at 1.2795, a level that was last seen in July, not far from a weekly low of 1.2762 level. GBPUSD was unable to hold its gains as the sellers took control ending the day below its opening price. The GBP lost roughly 500 pips last […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 is in an upward move. The uptrend has broken level 29000 but currently retracing to level 28000. The earlier uptrend has been invalidated as the index continues to fall. Daily Chart Indicators Reading:The […]
GBPJPY Price Analysis – September 13 Moving lower for the 2nd day consecutively, GBPJPY closed the week lower at 135.57 level after losing early gains on Friday. The weekly close at 135.57 marks the lowest registered closing price in 2 months. The Sterling Pound collapsed on Brexit chaos, ending the week at levels last seen […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingThe share has continued its sideways move since June. The price action is characterized by small body candlesticks. The bears have broken the lower levels of the market. Presently, the share is approaching level 5700. Daily Chart Indicators Reading:The 21-day SMA […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD pair is in an uptrend. On September 2 uptrend; the pair was resisted at 0.6800 high. The retraced candle body tested the 50% Fibonacci retracement level. It indicates that the Kiwi will rise and reach a high of 2.0 […]
Key HighlightsEthereum rises, may reach a new high of $410Ethereum may retrace and find support above the EMAs Ethereum (ETH) Current StatisticsThe current price: $386.28Market Capitalization: $43,486,184,295Trading Volume: $54,261,378,104Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis September 12, 2020Ethereum bulls have continued to make a steady move after […]
BNBUSD Price Analysis – September 12 Further increase in price is envisaged and the resistance level at $30 is likely to be tested. The breaking up of the just mentioned level will expose the coin to $35 and $41 price level. In case the increase in price is interrupted by the bears, the price may […]
We trade to make profits, and therefore we hate losses and like profits. However, when we put losses in proper perspective, we would see it as occasional blessings in disguise. Losses can be a good thing if they make you evolve into a better and more effective trader. You will then be able to trade […]
