Category: Support
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USDCAD falls but approaches a key dual MA support target
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The US dollar against the Canadian dollar is falling USD/CAD falls to the downside despite stronger US durable goods, weaker retail sales in Canada, and a stronger University of Michigan (but lower inflation expectations). Preliminary retail sales for April in Canada showed a 0.7% increase which could support the currency…
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BTC Needs to Hold This Support Level Before Challenging the $73.8K ATH (Bitcoin Price Analysis)
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The price of Bitcoin is on the verge of achieving a new all-time high after rising beyond the $70,000 line earlier this week, and market participants are wondering how much higher the price of Bitcoin can go. However, there is still one hurdle remaining as the asset has fallen below…
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BTC Needs to Hold This Support Level Before Challenging the $73.8K ATH (Bitcoin Price Analysis)
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The price of Bitcoin is on the verge of achieving a new all-time high after rising beyond the $70,000 line earlier this week, and market participants are wondering how much higher the price of Bitcoin can go. However, there is still one hurdle remaining as the asset has fallen below…
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FTM’s Key Support At Risk As Fantom Launches Sonic Foundation And Wraps $10M Funding
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The Fantom Foundation recently revealed its plans to create the Sonic Foundation and Sonic Labs in preparation for the launch of its Sonic blockchain. In an announcement on Thursday, the organization expressed its commitment to leveraging its technology and revealed additional details about upcoming developments. Phantom introduces the Sonic series…
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BNB Coin Price Hits Critical Support Level: Is a Rebound on the Horizon?
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BNB price started a downward correction from the $585 area. The price must remain above $570 to start a new increase in the near term. BNB price started a new decline after it failed to cross the $585 resistance area. The price is now trading below the $580 level and…
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Asian Stocks Rise After US Gains, China Support: Markets Wrap
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(Bloomberg) — Asian stocks were mostly higher in early trading after U.S. stocks hit a new record high amid resilient corporate earnings and as China took steps to shore up its real estate market. Most read from Bloomberg Stocks rose in Australia and Japan, and Hong Kong futures pointed to…
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Asian Stocks Rise After US Gains, China Support: Markets Wrap
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(Bloomberg) — Asian stocks were mostly higher in early trading after U.S. stocks hit a new record high amid resilient corporate earnings and as China took steps to shore up its real estate market. Most read from Bloomberg Stocks rose in Australia and Japan, and Hong Kong futures pointed to…
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USDCAD retraces gains on the day and tests swing area support ahead of 38.2 retracement.
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USD/CAD has now regained its previous gains in today’s trading. The price is now falling and testing the swing zone between 1.3604 and 1.3615. A move below this level would have traders looking towards the 38.2% retracement of the move up from the December 2024 low to the high price…
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Here’s How Low DOT’s Price Might Crash if $6 Support Fails (Polkadot Price Analysis)
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The recent rejection of Polkadot’s 200-day moving average triggered a significant pullback, bringing the cryptocurrency’s price closer to the lower end of its sideways trading range, set at $6. However, the price action near this juncture holds the utmost importance in predicting the cryptocurrency’s next move. Technical Analysis by Cheyenne…
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Standard Chartered Partners with Clearstream to Support UAE Domiciled Funds
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Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Here’s a sneak peek at FMAS:24’s vibrant atmosphere! Join us at Africa’s premier financial…
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Long list of oil support: risk on, technical, inventory, Mid East, China, restocking
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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UK Export Finance Vows Fivefold Rise in SME Support
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UK Export Finance, the government’s trade finance arm, has committed to significantly expanding the number of businesses it supports by 2029, with a particular focus on small and medium-sized businesses, especially those led by women. The Export Credit Agency, which provides insurance cover on foreign contracts and guarantees on export-related…
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Japan FM Suzuki: Rapid currency moves are undesirable.USDJPY bounces off KEY support
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Japanese Finance Minister Suzuki speaks over the wire saying: Forex levels should reflect economic fundamentals If currency movements are excessive, we may need to smooth them It is desirable for the foreign exchange market to move steadily, noting that currency market fluctuations are undesirable Rapid currency movements are undesirable because…
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Chinese President Xi Jinping begins charm offensive in Europe amid growing uncertainty about future U.S. support for allies
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Chinese President Xi Jinping has embarked on a three-country trip Trip to Europe Sunday with the continent divided over how to deal with Beijing’s growing power and the rivalry between the United States and China. European automakers are losing ground Supported Chinese electric cars. Diplomats are worried Alleged Chinese spies…
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Moralis Adds Support For Polkadot’s Moonbeam Parachain: Unlocking Cross-Chain Capabilities
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The world of Web3 development is constantly evolving, with new developments and breakthroughs shaping the landscape of decentralized applications (dApps) and blockchain technology. In an exciting development, Moralis, a leading Web3 development platform, recently announced its support for Polkadot’s Moonbeam Parachain. This collaboration opens a world of possibilities for developers,…
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Injective (INJ) Price In Danger If It Falls To Crucial Support Level: Analyst
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INJ, the native token of the Injective Network, started the month of May with a volatile price action marked by a series of significant losses and gains. As INJ attempts to establish a stable price path, popular Market X Crypto analyst Tony has highlighted a pivotal support area for the…
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Analyst Identifies Crucial Dogecoin Support At $0.112-$0.123, Will Price Crash Further?
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Dogecoin suffered a major collapse in the carnage that rocked the cryptocurrency market earlier this week, resulting in double-digit losses in the process. This brought down its support, and $0.112-$0.123 is now the level to hold for the meme coin. But what if it falls below this support? Dogecoin should…
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MAS Regulated Digital Asset Custodian, Propine Introduces Support for Fathom Dollar $FXD Stablecoin on XDC Network
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(Press Release – Singapore, Singapore, May 2, 2024) MAS-supervised trustee Propane Announces support for Fathom Dollar’s FXD, a stablecoin pegged to the US dollar designed to bridge the $5 trillion trade finance gap. This development puts FXD at the forefront of real assets (RWA), leveraging the power of blockchain to…
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Coinbase Adds Support for Bitcoin Lightning Network
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The largest US cryptocurrency exchange, Coinbase, has added support for the Lightning Network on its platform to enable faster and cheaper payments. according to Blog postthe Lightning Network integration on Coinbase will reduce the cost of sending Bitcoin (BTC) globally by 20 times compared to the 2% charged on credit…