The Federal Reserve Bank of America has announced that it is committing to printing more money in the coming weeks. The information was delivered last week by the Fed Chair, Jerome Powell, in a statement explaining the rut the Covid-19 pandemic has placed the United States’ economy. He added that the second quarter data will […]
S&P 500 Price Analysis – May 5 Yet again, the S&P 500 has managed to hold on to a closing rebound from its rising 13-day average, presently seen at 2880 levels. S&P 500 seems to be seeking its initial significant break following a 35 percent recovery from the lows. The World Health Organization (WHO) stays […]
Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Ranging Since in April, the Yen has been in a sideways move. The price has been fluctuating between 106.000 and 109.000 in the last one month. The market is currently trading at level 106.728 at the time of writing. […]
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bullish Ripple is currently trading at $0.21972 at the time of writing. The recent upward move has been hampered at the resistance of $0.24000. The bulls were repelled and the market fell to the support above $0.21000. Buyers have been […]
On May 4, 2020, DigiByte (DGB), one of the major open-source and fully decentralized distributed ledger technology (DLT) networks, disclosed it is searching for blockchain programmers that can bring value to upcoming ecosphere initiatives. The team believes a few of the initiatives come with quite a reward whereas others will support the involved programmers get […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600 Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: Bearish The EUR/GBP pair is on an ascending channel. The market has earlier fallen to level 0.87426 or at the support line. The price rebounded at this low but it is currently facing resistance at the 50-day SMA. The […]
EURUSD Price Analysis – May 4 At the weekly start, the EURUSD pair pulled back lower, as the market jump-started in the risk-off mood on Monday. After the Asian session, the pair’s slump was apparent, though the pair gained little support near 1.0930 level amid London trading hours, while bottoming at 1.0922 level. European data […]
USDWTI Price Analysis – May 4 The current forward term is rising to USDWTI’s level of $27.40 after bouncing off lows for June WTI, this week with the shift in movement path reinforces market centered on the demand transition level; seeking to slowly remove transportation constraints in major economies. Key Levels Resistance Levels: $29.11, $27.40, $24.50 […]
Key Resistance Zones: 13600, 14000, 14400 Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: Bullish Recently, the index was in an upward move as it reached a high of 11000. The price was resisted at level 11000 as the market fell to level 10498.80. The market fell to the support above the […]
