EURUSD Price Analysis – April 23 Moving into yet another significant Eurozone day, we have a minor negative sentiment that attempts to take control of EURUSD as it plummeted further extending losses underneath the recent low level at 1.0768. Markets are now shifting their focus to today’s meeting of EU leaders in an attempt to […]
Both state-owned banks in China, and some of the most influential tech giants in China, intend to launch blockchain software implementations. A white paper by one of China’s biggest banks shows that the blockchain is being used in the financial services industry for trade settlement, supply chain management, banking, and other fields. 72 Financial services […]
Key Resistance Zones: 1.42000, 1.44000, 1.46000 Key Support Zones: 1.34000, 1.32000, 1.30000 USD/CAD Long-term Trend: Ranging USD/CAD pair is currently trading at level 1.41389 after a downward move. The market was earlier in a sideways trend in August before a brief uptrend in March. The brief upward move reached level 1.46685 and was resisted. The […]
GBPUSD Price Analysis – April 22 On Wednesday after plunging two weeks low and in the previous session, GBPUSD kept a moderate recovery in early trading. Throughout the mid-European session, the FX pair continued to increase in volume and revisit daily highs in the last hour of around 1.2385 level. Key Levels Resistance Levels: 1.3514, 1.3050, 1.2647 […]
XAUUSD Price Analysis – April 22 After trading below levels before Wednesday a few days ago, the price of gold regained $1,700 mark as global stocks are on the defensive. The appeal of the safe-haven of the precious metal attract investors and has risen amid the coronaviral global recession, but is far from a unilateral […]
Key Resistance Zones: 5900, 6000, 6100 Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Bearish The index is currently falling and it is reaching the low of 4378. The bulls have made three unsuccessful attempts at the 4500 resistance. The market is testing the support of the 21-day SMA. Breaking below the […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish Litecoin is trading at $40.58 which is above the previous range bound zone of $36 and $40.The bull’s upward move has been restricted below $43 resistance. Buyers have earlier been repelled at the $47 resistance when the coin […]
Since 2019, the Bitcoin (BTC) ATM technology sector has skyrocketed at a 70% pace. A total of Bitcoin ATMs have now crossed 7,500 in various parts of the world. Notwithstanding existing legal crypto-currency obstacles, with 5,422 working Bitcoin ATMs already in business in the United States alone as announced in the news on 20 April 2020. Global […]
Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bearish The index is now in a downward move as the bulls fail to break the resistance at 18000. The bears have broken the 21-day SMA. The downward move is likely to continue as price is below the […]
