January 15 is when CHF was unpegged from EUR in 2015. What happened on the Forex market on that day?
After the mixed trading on Monday, the oldest cryptocurrency started to rise. On Thursday, Bitcoin has crossed the 23.6% Fibo level and tested the 50-day SMA. The next resistance for the digital currency will lie at $10,924 (38.2% Fibo level). After that, if bulls are strong, the next resistance will lie at $11,496 (50% Fibo). If bears take over the market, Bitcoin will fall below the $10,353 level. The next support will lie at $10,020. After that, pay attention to the support at $9,488.
The digital silver has strengthened after the consolidation near the $86.26-$89 levels. On Friday, it performed a little bit weaker and moved down to the support at $89. If bulls try to break the 98.86 level once again, the next resistance will lie at $102.81 (38.2% Fibo). This level is also significant as the 100-day MA moving close to it. If this level is broken, the next resistance will lie at $115.66. From the downside, after the break of the $86.28-$89 levels, the next support will lie at $76.78 (200-day SMA).
Ethereum has been consolidating between the $201 and $225.35 levels. If the resistance at $225.35 is broken, the next resistance will lie at $233. After that, reaching the $250 level seems possible. In case of the bearish strength, the price for Ethereum will fall to the $201 level. If it is broken, the next support will be placed at $192.
After the fall towards the $100.64 level, the cryptocurrency has been trading with a low volatility. The first resistance lies at $106.9. After the breakout, pay attention to the 113.78 level (200-period SMA). Bears need to pay attention to $100.64, $97.3 and $87.5 levels.
Today, the UK parliament starts the debate on Boris Johnson's Brexit paper. What are the likely consequences for the GBP?
What are the forecasts for EUR/USD in 2020 by major banks?
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.