Key Resistance levels: $4, $5, $6 Key Support Levels: $3, $2, $1 EOS/USD Price Long-term Trend: Bearish EOS traded below the resistance at $3.60. The market is heading southward as the bulls fail to trade above the $3.60 price level. The market is approaching the previous low at $2.60. There is a possibility of a […]
In the past four years, the Swiss national bank has maintained a monetary policy of negative interest rate. With a deposit rate standing at a negative of 0.75% and the interest rate on cash at Zero percent, a top official of the apex bank has made it known in a recent newspaper interview that there […]
Explained below are a few reasons why Bitcoin is believed to be valuable. It is Recognized as a Good Store of Value (SoV) There is a rule in economics which states that an asset is valuable if it exhibits two qualities; scarcity and utility. Scarcity implies that there is a finite supply of that asset, […]
Bitcoin appeared not to have found stable support for a bullish swing, although the market had stayed temporarily on the $6800 support for the past two days now. After correcting gain to $7400, BTC has now dropped to the $7000 zones, resuming a bearish trajectory. We may experience a severe drop if the bearish pressure […]
GBPUSD Price Analysis – November 24 The FX pair near term bearish momentum had extended its move in the prior session towards the minor horizontal zone on the level at 1.2824. In the process, the GBPUSD attempted to breach the technical zone for a push lower but stalled, it is likely that a reversal north […]
The apex bank of the US is evaluating potential risks as well as the advantages of creating a central bank digital currency. As reported by a financial correspondent on the 20th of November, Fed Chairman, Jerome Powell, has responded to a previous letter addressed to the Fed Chair by US Reps French Hill and Bill […]
Finally, Bitcoin has cleared the $7300 low few hours ago and now we are facing the $7000 support, which is most likely to break soon. The bears are still dominant in the market and due to that, we can expect more colossal drop in the next three few hours. Despite the monthly dip, BTC dominance […]
EURJPY Price Analysis – November 22 The European common currency traded between the range on the level at 120.40 / 120.03 handle versus the Japanese yen during yesterday’s trading session. However, an increased momentum may likely impact the FX pair in the next session. In this scenario, the exchange rate may display a level of […]
In the last few weeks, the trade talks between the US and China had been major headlines of the news report. The trade talks between the two giant economies have been mystique with a lot of speculations. Investors have held hopes in previous times about it being resolved quickly when both countries came out to […]
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