It can be said that a great deal of Bitcoin’s (BTC) short-term market bid now depends heavily on the outcome of the impending Jackson Hole Symposium later this week. The cryptocurrency has been weakening ahead of the event and has plunged by about 3.5% at the close of the London session on Tuesday, after recording […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingNZD/USD pair is in a downward move after testing level 0.6700. The pair is drawn in an ascending channel. It has been falling after the resistance was tested twice. The downward move will persist if price breaks below the support […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: BearishThe Yen is in an upward move from its previous low at level 105.50. The pair may face rejection at level 106.50. The Yen fell to level 105.50 and corrected upward. The price has been rising ever since. Daily Chart […]
USDCHF Price Analysis – August 25 The USDCHF pair declined slightly into American session from early European session and fell in the last few hours to fresh daily lows, in the area of 0.9081. The mood on the market could weaken appeal for the Swiss franc safe-haven and serve to limit any negative trend. Key […]
S&P 500 Price Analysis – August 25 S&P 500 Futures is on the bids near the 3445 level during the European session on Tuesday. The risk barometer recently registered 4 consecutive positive sessions at a fresh all-time high of 3452 levels while extending the biggest run-up of 2020 weekly. Key LevelsResistance Levels: 3700, 3600, 3500Support […]
The US stock market closed with a bang on Monday with many new record highs as investors’ risk appetite got bolstered following the Food and Drug Administration’s emergency approval of a Coronavirus treatment. The Nasdaq 100 (NDX) gained 0.61% after rising by 71.01 points to close around 11626.17. The Nasdaq Composite (^IXIC) also gained about […]
Key HighlightsLitecoin struggles above $60 support LTC will rise to attain a new high of $85 if the bulls clear the resistance levels Litecoin (LTC) Current StatisticsThe current price: $61.30 Market Capitalization: $4,003,369,120Trading Volume: $2,422,303,993Major supply zones: $70, $890Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis August 25, 2020Today, Litecoin is falling after […]
Bitcon SV Price Analysis – August 25 In case the $217 level does not hold the price, it will increase further to test $237 and $259. Should the $217 price level holds, the bearish trend may continue, and support levels to look after are; $198, $185, and $179. BSV/USD Market Key Levels: Resistance levels: $217, […]
The beginning of the week in the foreign exchange market was boring, as the major pairs remained at their usual levels. However, preference was given to risk. World indices showed significant growth, with the growth being driven by encouraging news from the United States. The FDA has approved the use of convalescent plasma to treat […]
