Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish In the last 48 hours, Bitcoin has been relatively stable as the bulls continue to defend the breakout level of $6,400. The bulls have earlier made two unsuccessful attempts at the overhead resistance. BTC find support above […]
GBPJPY Price Analysis – March 25 In the last four consecutive trading days, GBPJPY went north, while in today’s session the buying intensity around the British pound grabbed pace even in the last hour and pushed the Fx cross to an almost two-week high, further to the mid-13300s level. Key Levels Resistance Levels: 147.95, 138.68, […]
Key Resistance Zones: 5900, 6000, 6100 Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Bearish Since on March 16, the index support at 3750 has been holding as the bulls make an upward move. The index was also oversold . The bulls that were not available previously were on hand to push […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish Litecoin slumped to its low at $28 on March 12. After the breakdown, the upward move commenced immediately to a high of $40. The bulls were able to defend the $28 support level but failed to penetrate the […]
XAUUSD Price Analysis – March 25 The risk-off mentality that prevailed in the markets has sparked a rebound in Gold’s price. Gold prolonged his pullback from nearly two-week tops and dropped in the last hour under the $1,600 mark briefly, but bounced back some later. Key Levels Resistance Levels: $1,703, $1,675, $1,663 Support Levels: $1,563, […]
Even though the highly contagious pandemic Corona (COVID-19) is causing havoc throughout the globe, its consequences were felt in just about all sectors of the world. Biotech firms are in a run-off against-time behind the scenes to create a pathogen vaccine. There are now many investors looking to invest in these firms. 1. GlaxoSmithKline Being […]
• Bitcoin dropped gains to 1.65% today after waiting around $6700 for the past few hours • The price is still trading well within a rising channel on the 4-hours chart. Since our previous crypto trading analysis, Bitcoin’s price has remained under the $6900 (last week’s high) level, although the bulls managed to push the […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Within a week, the bulls have made three unsuccessful attempts at the $7,000 overhead resistance. The only consolation is that it is trading below $6,800 resistance and close to the overhead resistance. Bitcoin may have the possibility […]
The PBoC has completed the technological step of creating its digital currency, but that was not the difficult part. Nonetheless, the release date remains unclear; then the central bank has to step up with specific laws for distribution, and this can take longer. In the news recently, an unnamed source close to the issue said […]
