Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Bitcoin Cash bounces at the current support of $320 as the market reaches a high of $339. The current support of $320 is holding because the selling pressure has been exhausted. BCH has earlier fallen into the oversold […]
The Financial Conduct Authority (FCA), the British version of the SEC, publicly stated that BitMEX was not regulated and warned everyone to stay away. According to the FCA, BitMEX illegally offers its services to residents of the UK, without making efforts to obtain the necessary permits to work in the state. In this regard, traders […]
AUDUSD Price Analysis – March 5 At the time of the writing, AUDUSD flashes red as it seemed to struggle to gain any significant traction, although it was able to hold its neck comfortably above the 0.6550 marks. A fresh wave of global risk-aversion trade weighed on the perceived riskier currency Aussie and contributed to […]
AUDUSD grapples to extend recent recovery amid weaker bulls At the time of the writing, AUDUSD flashes red as it seemed to struggle to gain any significant traction, although it was able to hold its neck comfortably above the 0.6550 marks. A fresh wave of global risk-aversion trade weighed on the perceived riskier currency Aussie […]
USDWTI Price Analysis – March 5 OPEC members rallied to discuss a reduction of 600,000 barrels per day (BPD) of oil production to raise crude oil prices, affected by global demand problems caused by a coronavirus. In general, the product is traded at the bottom of its range, and any drop below $47.00 may lead […]
• Bitcoin attempting to break $9000 resistance following a 2% increase overnight • The $8500 level remains a key support for Bitcoin Over the past week now, Bitcoin continued to trade under the $9000 price level after recovery from a two-week low of $8450 (Bitfinex). Apart from that, the price has been consolidating between $8700 […]
The World Health Organization (WHO) warned in a recent statement that coronavirus may potentially infect up to 60 percent of the world’s population. This is not very good news, especially considering that this disease is transmitted by inhalation and physical contact. Money has become one of the main avenues that this disease spreads, according to […]
GBPJPY Price Analysis – March 4 The price is moving south with a positive momentum of selling, while the pair’s inability to record any significant recovery from the important merger area near the 137.00 level suggests that the recent selling pressure may still be far from stopping. While the market fear of coronavirus (COVID-19) continues […]
Key Resistance Zones: 5900, 6000, 6100 Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Bearish France 40 index has been in an uptrend since 2019. The market reached a high of 6100 in its upward move. The bulls attempted to push above the overhead resistance but were unable to do so. France […]
