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Banks
Gold Suffers Mild Decline Following Growing US-China Tensions
27 May 2020 @ 12:16
Gold (XAU/USD) dipped in the early Asia trading session on Monday as growing US-China tensions continue to influence demand on the safe-haven asset. Gold futures shed about 0.47% reaching a low of $1,724 just a few hours ago. The precious metal failed to hold on to its gains from last week’s session. Stocks, which are […]
USD/JPY Consolidates Below Level 108, Breakout Likely
27 May 2020 @ 12:01
Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Ranging The pair is currently in a sideways move between the levels of 110 and 108. The Yen was in an uptrend but it is facing resistance at level 108. The pair is on a downward move as a result of […]
Bitcoin Witnesses Mild Selloff Following a Decade-Old Address’ Transaction
22 May 2020 @ 05:16
The cryptocurrency community was thrown into a frenzy yesterday after an unusual 50 BTC transaction was carried out by a Satoshi-era wallet which was assumed to be dormant for over a decade. Initially, many believed that this transaction was from the elusive Satoshi Nakamoto, however, subsequent data proved otherwise. The data suggests that it was […]
Ethereum (ETH) Loses $200 Critical Support, May Encounter another Selling Pressure
16 May 2020 @ 05:35
Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Bearish Ethereum has been trading above $200 after a rebound on May 7. However, the king altcoin suffered another setback after a breakdown yesterday. The coin dropped to $180 low but price corrected upward above $185. On the downside, ETH is likely […]
USDCHF Trades Inside Triangle Range Gaining Traction for a Breakout Towards 0.9800 Level
16 May 2020 @ 05:27
USDCHF Price Analysis – May 16 Through the early European session, the USDCHF pair exchanged with a slight positive bias, though missing any significant follow-through buying and staying constrained beneath weekly highs. Though the level of 0.9800 remains in reach as USDCHF trades inside the triangle gaining momentum for a probable breakout. Key Levels Resistance […]
Bitcoin (BTC) Rallies to $10,000, Attempts to Breach the Resistance at $10,000
08 May 2020 @ 14:57
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin has finally broken the $9,200 and $9,400 resistances as the market approaches the $10,000 resistance. Yesterday, price was hovering between $9,000 and $9,300 before penetrating the resistance zone. From the daily chart, Bitcoin has reclaimed the $9,500 […]
EURJPY Emerges Upward After a Rebound From the Low Level at 114.39
08 May 2020 @ 14:40
EURJPY Price Analysis – May 8 Since the prior trading session, the common European currency has risen 77 basis points or 0.67 percent against the Japanese Yen. The currency pair on Friday surpassed the upward moving average of 5. While emerging upwards after a low-level rebound at 114.39, the selling bias in EURJPY stays far […]
Bitcoin (BTC) Stable Above $7,500, Sellers May Likely Emerge
28 Apr 2020 @ 16:25
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin is still consolidating above $7,500 since March 23. The price action is characterized by small body indecisive candlesticks. The candlestick indicates that buyers and sellers are undecided about the next move of the coin. On the upside, if […]
HSBC Holdings stays weak as bulls stay aloof
24 Apr 2020 @ 11:38
HSBC Holdings stock (LSE:HSBA) has stayed weak because buyers seem not to be interested in getting seriously active. Following a largely consolidating movement that occurred between November 2019 and February 2020, there was a sustained downwards movement. The downward movement appears to be losing steam in this month of April; but that would turn out […]
EURUSD Rebounds and Extends Gain to the Region of 1.0900 Level
24 Apr 2020 @ 01:49
EURUSD Price Analysis – April 20 The common currency began the week on a steady tone, leading EURUSD to test Monday’s higher end of the range near 1.0900 marks. The FX pair looks to continue to Friday’s growth, though a crucial barrier test at 1.0900 level is still inaccessible. Furthermore, coronavirus trends seem to control, […]
