While the Australian dollar remains quiet on the fundamentals front, the British pound is reacting to disappointing retail sales data. This has reinforced resistance above the GBPAUD market, causing price action to rebound downward. Key Levels Resistance: 2.0300, 2.0500, 2.0700 Support: 2.0000, 1.9800, 1.9500 GBPAUD Has Some Cushion Although the GBPAUD market has pulled back […]
The Australia 200 market closed in the green as lower-than-expected US inflation data was released. In addition, strong performance from tech stocks provided further support, giving the ASX 200 a lift for the second consecutive session. Key Price Levels Resistance: 8,700, 8,750, 9,000 Support: 8,600, 8,500, 8,400 Australia 200 Proceeds Toward the 8,800 Mark As […]
The market saw a dip toward the end of trading activities this week. However, tech stocks provided some support, aiding a recovery in the Japan 225 market. Currently, the market has formed a base that may support further price increases in the new week. Let’s take a closer look below. Key Levels Resistance: 51,000, 52,000, […]
The law of demand and supply is once again at play in the platinum market. CFTC Commitment of Traders (COT) data reveal that there are more traders willing to buy than those willing to sell. This imbalance has provided strong support for the market, causing price action to surge past the 1,800 and 1,900 resistance […]
$COIN (NASDAQ: COIN) Forecast: December 20 Today, the Coinbase Global (NASDAQ: COIN) market is bleeding and anticipates a bullish correction as the selling pressure is about to subside. The stock price could be ready for an upward movement soon. Therefore, should the bulls add more pressure to the buying momentum, the price may reverse from […]
As started in the previous session, the Sky token has continued its upward movement. As of today, the token has registered an additional price increase of 3.74%. Furthermore, the market appears poised for further upside, based on other technical indications. Sky Statistics Current Price: $0.06144 Market Capitalization: $1.41B Circulating Supply: 22.92B Total Supply: 23.46B CoinMarketCap […]
Bitcoin Cash (BCHUSD) Price Forecast: December 20 The BCHUSD market is gaining traction. The coin is making solid progress, offering a potential bullish opportunity, and trades at the upper part of the chart today, signaling strong market optimism. Based on the analysis of the current trade, if the bulls increase their tension, the coin price […]
Market Analysis – December 19 The GBP/JPY pair is enjoying a strong bullish run today, with price action opening around the 208.00 mark before pushing convincingly above 210.00. The move suggests that traders are largely aligned on the upside, as buying interest remains firm across the session. This surge is not happening in isolation; it […]
Bitcoin remains stuck in a difficult spot, with prices trapped between $81,000 and $93,000 as heavy selling pressure blocks recovery attempts, according to the latest analysis from blockchain analytics firm Glassnode. According to the Glassnode report, the current situation stems from a dense cluster of investors who bought Bitcoin at much higher prices—between $93,000 and […]
