The New York Federal Court convicted Robert Farkas, founder of Centra Tech, to jail. On Tuesday, June 16, the Department of Justice published a press release on Centra Tech. According to the report, Farkas “pleaded guilty to one count of the securities fraud conspiracy and one count of money fraud” before Judge James L. Cott […]
GBPUSD Price Analysis – June 21 The GBPUSD pair settled down at 1.2342 level for a second straight week, a fraction of pips beyond its monthly low at 1.2320 level. The pair dropped as the Retail Sales was better-than-expected, even though it still indicated a large decline. Although GBPUSD bearish slump may accelerate beneath the […]
GBPJPY Price Analysis – June 21 In the last session, the GBPJPY cross lost some extra ground and slipped to new monthly lows while staying beneath the 132.00 level. The collapse was supported by the strongly offered tone encircling the British pound which accompanied the last session’s policy decision by the Bank of England (BoE). […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 index is currently falling after reaching the overbought region. The index rose to a high of 27583 and was resisted. A correction candle body tested the Fibonacci 0.618 retracement level. It indicates that […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX is currently in an uptrend. The index reached a high of level 6490 and was repelled. The market fell to level 6000 and resumed a fresh uptrend. The price is rising and approaching level 6292 at the time of writing. […]
Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishThe Kiwi is in an uptrend as it breaks level 0.62000. A correction candle body tested the 0.786 retracement level. This indicates that the market will reach a high of 1.272 extension level. The Kiwi will rise and reverse at […]
Key blockchain company and a company specializing in financial technologies, Ripple have released a platform for use in India, as the country plans to ban cryptocurrency in general. The Economic Times revealed India’s proposal to ban the exchange of cryptocurrency on Friday, June 12. Ripple established a political framework in response, seeking to deter the Indian […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bullish. Japan 225 is in an uptrend. The index is rising after falling to level 21675 on June 11. The market is approaching the high of level 22680.80. The previous upward move was resisted at level 23000. On the […]
Key Resistance Levels: 2900, 3000, 3100Key Support Levels: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Price Long-term Trend: BullishThe SHCOMP is currently in a horizontal channel. The SHCOMP is rising and approaching the upper price range. The index is likely to reach a high of level 3000 and become overbought. In the overbought region, […]
