Technical Analysis

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 […]

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 indication, […]

Royal Bank of Scotland Group shares (LSE:RBS) are in a bearish trend, which started in December 2019. In that month, price gapped upwards massively and later nosedived as buying pressures disappeared from strong distribution territories. Price has been trending downwards since then, resulting in a “sell” signal as it goes below the EMA 21. The […]

Netflix Inc. stock (NASDAQ:NFLX) has been trending upwards gradually since September 2019, after the prior bearish movement was ended that month. There is still more room for bulls to push the market higher and higher. The ADX period 14 is around the level 30, which shows a considerable amount of momentum in the market. The […]

Bitcoin’s upcoming halving will be one of the most followed crypto-related occasions in the year 2020. Thousands of cryptocurrency enthusiasts will be observing the markets eagerly to witness what effect this year’s halving will have on the cryptocurrency. Many believe that the occasion would have a positive effect on BTC’s price as has been observed […]

Barclays PLC intends to relieve about 100 senior jobs across its corporate and investment banks. The trimming exercise has begun in London as managing director and director positions are being affected. In London, a spokeswoman with the bank has declined to comment on planned retrenchment which happens to be first in 2020. Meanwhile, Jonathan Kitei, […]

Epanova is a heart disease drug to treat patients with mixed dyslipidemia. AstraZeneca is intending to stop the trial for the heart disease drug and expects a $100 million (76.92 million pounds) compensation to hit its profit in the fourth quarter. The major British drug maker by market value said the decision, is a sequel […]

Key Resistance Levels: $0.09, $0.10, $0.11 Key Support Levels: $0.06, $0.05,$0.04 XLM/USD Long-term Trend: Ranging Today, Stellar is making a positive move to come out of the oversold region. On December 17, the coin fell to the low $0.042 but has risen to a high of $0.050. The price movement had been rather slow because of […]

USDCHF Price Analysis – January 14 At the time of composing, the FX pair was trading at 0.9683 level, dropping 0.25% per day after discovering support around 0.9670 level. The USDCHF pair recovered its daily losses and was last seen trading at 0.9683 level, where it remained virtually unchanged during the day. Key Levels Resistance […]

Alphabet stock (NASDAQ:GOOG) has been trending gracefully upwards in January 2020. In fact, the current uptrend started in August 2019, and despite occasional attacks from bears, the bullishness has held out till now. In January, a new lease of buying pressure took place immediately price broke above the upper Trendline, and the market trended higher. […]