Trading cryptocurrency, especially Bitcoin could be highly volatile as market sentiments, price actions and fundamentals would be important things to consider before making a trading decision. More so, doing diligent research on a choice of a coin to trade is very vital for both the beginner and professional traders to achieve high probability result in […]
AUDUSD Price Analysis – December 5 AUDUSD has continued to lose ground during the middle of the European session and is currently near its lower daily range, around the 0.6830-25 levels. While increasing the risk of reversal, its weak momentum and reversing the trend from the overbought zone, adds to the negative signals. Key Levels […]
Key Resistance Levels: $70, $60, $50 Key Support Levels: $50, $40, $30 LTC/USD Price Long-term Trend: Ranging Recently, Litecoin is in a bearish market as it fell to a low of $42 and resumed consolidation above it. In retrospect, LTC broke the downtrend line and rally above $60. The uptrend was short-lived as the price […]
The dollar tumbled down when President Trump announced that the trade deal may have to wait till November 2020 when the US elections will hold. Weeks ago, the President had earlier announced that he and China are in “the final throes” of an agreement in the trade talks which had pushed up demand for the […]
Yesterday, Bitcoin’s saw a sudden price increase to $7900 (Bitfinex) after trading as low as $7100. The sudden surge in volatility was due to a significant volume in the market which recorded about +10% gains within an hour. After opening at $7200 today, Bitcoin is now trading back around $7300 zones. Currently, BTC dominance has […]
GBPJPY Price Analysis – December 4 The British pound had recovered during Wednesday’s trading session, the British pound broke out against the Japanese yen, exceeding the horizontal limit zone on the level at 141.57. Because of this, the pair may continue to trend higher. Key Levels Resistance Levels: 148.66, 146.57, 143.52 Support Levels: 140.83, 135.49, […]
The Governor of the Bank of Japan, Haruhiko Kuroda, announced that claims of Japanese citizens demanding a Central Bank Digital Currency were false. At a symposium for the 35th anniversary of the Center for Financial Industry Information Systems, which was held on the 4th of December, Kuroda talked about the problems that Stablecoins and CBDCs […]
The hopes about a de-escalation of the trade war between the two largest economies came to a crunch when United States President, Donald Trump confirmed the fears of investors that the preliminary pact might not happen till 2020. President Trump while making comments after increasing tariffs on steel and aluminum exports from neighboring countries, Brazil […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 DASH/USD Price Long-term Trend: Bearish DASH is in a falling bullish wedge pattern. A falling bullish wedge opens wide at the top while it contracts as the price move lower. DASH has a similar pattern as the price fell from a lower high […]
