The dollar remained initially weak amid mixed data and news from the US indicating that the US Congress decided to take a month’s vacation without agreeing on a stimulus package. Nevertheless, the major pairs ended the week practically unchanged and held at their usual levels. USD/JPY was an exception, hitting a new August high amid […]
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 sideways move. The price has fallen to the previous support level at level 0.65300. It appears the sideways move, may resume as price moves up. Daily Chart Indicators Reading:The Kiwi has fallen to level 53 […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingThe share has continued to consolidate sideways since June. The price is fluctuating between levels 6000 and 6500. The bulls and bears are yet to break levels of the market. The price is now consolidating near the support level. Daily Chart […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: RangingThe index was fluctuating between levels 25000 and 27000 since June 10. The market is likely to face a downward move. The price is currently facing rejection at level 28000. Daily Chart Indicators Reading:The 21-day and the […]
GBPUSD Price Analysis – August 16 The GBPUSD pair has ended a second straight week beneath the 1.3100 price level, unable to stimulate growth potential as Sterling is weakened by Brexit talks. A weak dollar was not enough to drive the pair higher, as Sterling’s demand was constrained by fears about the UK’s potential trading […]
GBPJPY Price Analysis – August 16 GBPJPY registered a noticeable upside shift as it hit a two-month high level of 140.20 during last week’s trading exceeding the prior high of 139.62. The GBPJPY cross quickly retreated the intraday high from the prior session to exit at 139.43 level as anti-risk flow supported the JPY safe-haven. […]
Key HighlightsEthereum retraces to $420 support, may resume upward moveThe downtrend will resume if price breaks below $420 support Ethereum (ETH) Current StatisticsThe current price: $428.00Market Capitalization: $48,021,390,039Trading Volume: $11,821,315,346Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis August 16, 2020The biggest altcoin is trading at $427 at the […]
Bitcoin has, once again, reached the upper-11k region. This region has been a major roadblock for the cryptocurrency for close to 3 weeks now. BTC has been in a consolidation phase between $11,200 and $12,000 for the said amount of weeks. Analysts are trying to connect recent events like the sharp decline in exchanges’ BTC […]
Key economic data in China was published Friday. According to analysts at BBVA, economic activity indicators from July including industrial output, fixed-asset investment, and retail sales all suggested that growth recovery continued in the second half of the year. They notify of the demand side, nevertheless, it was still lagging behind the supply side. “Economic […]
