Technical Analysis

After a multi-year bear run, Bitcoin (BTC) has finally shut the naysayers by clearing its previous all-time high at $20k and has recorded a fresh record high at $24,300 by December 2020. From the third halving event in May to dramatically dovish global economic monetary policies to combat the COVID-19-induced economic crisis, there have been […]

Major supply zones: $800, $820, $840 Major demand zones: $360, $340, $320 In 2020, Ethereum traded mostly in a bull market. In January, the biggest altcoin has an opening balance of $129 which rose to a high of $287. In March, the biggest altcoin encounter bearish rejection as the coin plunged to $89.66. The bulls bought the […]

4D Pharma Plc stock (LSE:DDDD) has been making effort to rise upward, following a long period of consolidation. The market has consolidated from November 2020 till recently. The price is now moving to the upside, with bulls making attempt to push price further upwards. The trend was clearly bullish from July to September 2020; after […]

Metro Bank Plc shares (LSE:MTRO) have jumped upwards, looking to move further northwards. There is a strong buying pressure in the market, which would propel the market further north. The market was bearish from July to the end of October 2020. As from November, a bullish movement started and it has been in play till […]

Gold (XAU/USD) inched lower in the early European session on Monday and has recorded a fresh daily low of around $1825. The renewed selling pressure got sponsored by the prevailing upbeat market mood as a result of the blooming optimism over the rollout of COVID-19 vaccines by Pfizer (NYSE: PFE). Investors’ risk mood got further […]

XAGUSD Price Analysis – December 16 Silver (XAGUSD) price registers technical buying early in the European session while bulls return past the $24.00 level. The white metal is up ahead in trend amid continued dollar weakness on Tuesday as a result of an improved risk appetite. Key Levels Resistance Levels: $27.50, $26.00, $24.50 Support Levels: […]

The first time I set my eyes on a Meta Trader platform, I doubted I would be able to master its use, since the figures and features I saw seemed daunting to me. When I even heard about candlesticks, I didn’t know what it meant. Stupefied, I wondered whether I’d need to light some candles […]

EURUSD Price Analysis – December 9 The major European currency adds to prior session corrective downside and takes EURUSD to fresh lows in the sub-1.2100 area. EURUSD appears to be fading after its upside run halts under barrier 1.2150 level. The pair is off its highs could extend its downward correction. Key Levels Resistance Levels: […]

According to the last month’s forecast for Gulf Keystone (LSE:GKP), the shares have started a bullish journey and there remains much room for the market to go further upwards. As it was said before, the current environment is a boon to bulls. In the first few days of December 2020, the market became very bullish, […]

Boohoo Group Plc. stock (LSE:BOO) has shown some signs of pulling back, though the current bias remains bullish. Bears want to pull down the price, but bulls are not willing to let that happen. In the chart, price is clearly above the upper Trendline, though there is a minor bearish retracement in the market, which […]