Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging After the rejection of price at $9,200, the downward move was extended to a low of $8,250. Analysts were of the opinion that Bitcoin will bounce if price falls and tests the low of $8,250. From every […]
Resistance Level: 7,500, 7, 600, 7,700 Support Level: 7,000, 7,100, 7,200 FTSE 100 (UKX) Long-term Trend: Ranging FTSE 100 stock has been in a sideways trend since March 2019. The stock minimum value has been 7,100 since February 2019. Similarly, the stock has traded and reached a high of 7,700. In July, the bulls made […]
The Hawaiian State Senate has scaled the first reading of a bill that will authorize commercial banks to hold cryptocurrencies. The bill was submitted on the 17th of January by 5 senators. It scaled the first reading on the 21st of this month and was subsequently forwarded to the council tasked with consumer protection and […]
GBPUSD Price Analysis – January 26 GBPUSD is trading beneath the 1.31 level after reaching a new high of 1.3172, as the dollar’s resilience did not allow the pair to gain momentum. The US dollar is gaining strength in all directions. Key Levels Resistance Levels: 1.3600, 1.3514, 1.3280 Support Levels: 1.3000, 1.2582, 1.1958 GBPUSD Long […]
S&P 500 Price Analysis – January 26 S & P 500 exited prior session with a decrease of -0.27% to a level of 3,293.6. Regardless of the retreat, the continuous rally stays unabated. US stock indices generally exited at the previous session after the advent of the Chinese coronavirus. The Centers for Disease Control and […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Interestingly, it has been a week, the bulls and bears have been engaged in a price tussle between $8,250 and $9,000. The price has been ranging above $8,300 and $8,400 most of the time. It is presumed […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Since January 14, Bitcoin has been in a period of price consolidation. The coin has been fluctuating between $8,250 and $9,000. Today, BTC reaches the low of $8,250 and it is bouncing upward. In the previous week, […]
The Chief Executive Officer of Ripple, Brad Garlinghouse has predicted that Initial Public Offerings will become a frequent undertaking in the crypto sector in 2020. The executive made this prediction at the just concluded World Economic Forum which was hosted in Davos, Switzerland. Brad also insinuated that Ripple will be looking to IPO this year. […]
EURJPY Price Analysis – January 24 The currency pair is losing ground for the second consecutive session on Friday, falling under strong bearish pressure amid negative indicators of the single currency, aggravated after the ECB meeting on Thursday. Key Levels Resistance Levels: 124.31, 123.37, 122.87 Support Levels: 120.67, 119.99, 115.83 EURJPY Long term Trend: Ranging […]
