Key HighlightsEthereum has retraced to $380 lowThe coin is consolidating above the current support Ethereum (ETH) Current StatisticsThe current price: $390.07Market Capitalization: $43,803,253,846Trading Volume: $9,147,707,922Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis August 23, 2020Ethereum is trading at $389 at the time of writing. Since August 21, the […]
This week has been a roller coaster for the cryptocurrency market, with Bitcoin (BTC) being in the spotlight. Bitcoin started the week off around $11,700 and maintained that price tag for a while before heavy volatility was pumped in on Monday, causing the benchmark cryptocurrency to reach a high of $12,475. The cryptocurrency community went […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: RangingJapan 225 is range-bound between levels 22000 and 23000. The price broke the resistance at 23000, but the selling pressure pushed price into range. The index is falling as price continues its downward move to the support level. Daily […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP is consolidating between levels 3200 and 3400 since July. The price has not broken these levels as the index fell back into the range. The market will continue the sideways move. Daily Chart Indicators Reading:SHCOMP is […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: BearishUSD/JPY is in a downward move. The pair faces rejection at level 107.00. The Yen fell to level 105.283 and corrected upward. A green candle body tested 0.618 Fibonacci retracement level. The Yen will fall and reach a low of […]
The US stock market has been overwhelmingly strong since its pandemic-induced crash back in March. No event after that has had the power to keep the Nasdaq 100 (NDX) or the Nasdaq Composite (^IXIC) down for long. Many traders thought the modest decline seen on Wednesday was the long-overdue correction coming into play. But that […]
The dollar is regaining strength again after pullback dwindles again. However, the New Zealand dollar remains the worst. The loonie is currently the strongest in the Asian session and rallied as crude oil quickly rebounded from a sharp decline the day before. For the week, the pound sterling and yen are currently the strongest, while […]
EURJPY Price Analysis – August 21 Following last week’s 2020 highs close to level 126.80, EURJPY has proceeded on a corrective downside, which is now experiencing its 5th straight session. Early in the European session on Friday, the eurozone’s single currency declined by 65 basis points or 0.40 percent against the Japanese Yen as of […]
USDCHF Price Analysis – August 21 The USDCHF pair stays underneath the sellers’ influence through the early European session and was last seen trading near daily lows, with the pair now eyeing a break below the 0.9050 marks. A turnaround in the global risk market dominates USDCHF traction beneath 0.9100 level as Swissy retains safe-haven […]
