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  • Best Brokers Worldwide
  • Brokers News
    Renowned Market Analyst Jameel Ahmad Joins NAGA as Director of Investment Strategy

    Renowned Market Analyst Jameel Ahmad Joins NAGA as Director of Investment Strategy

    Capital.com – Bringing Smart Trading to the Masses

    Capital.com – Bringing Smart Trading to the Masses

    Gulf Brokers Has Launched Its NewestTrading App

    Gulf Brokers Has Launched Its NewestTrading App

    SimpleFX is the First Forex Broker to Offer Chainlink

    SimpleFX is the First Forex Broker to Offer Chainlink

    SquaredFinancial Strengthens Client’s Fund Security

    SquaredFinancial Strengthens Client’s Fund Security

    Pound’s Slide Continues

    Pound’s Slide Continues

    Oil Rally Halts as Oil Stockpiles Increase

    Oil Rally Halts as Oil Stockpiles Increase

    Inflation Pressure Increases in China

    Inflation Pressure Increases in China

    Euro Gains Ground ahead of ECB

    Euro Gains Ground ahead of ECB

  • Commodities
    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    Shell Impairments Support Bearish Market

    Shell Impairments Support Bearish Market

  • Forex
    𝐄𝐮𝐫𝐨 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐖𝐞𝐞𝐤 𝐀𝐡𝐞𝐚𝐝 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐏𝐨𝐨𝐫, 𝐄𝐔𝐑/𝐆𝐁𝐏 𝐓𝐮𝐦𝐛𝐥𝐢𝐧𝐠

    𝐄𝐮𝐫𝐨 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐖𝐞𝐞𝐤 𝐀𝐡𝐞𝐚𝐝 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐏𝐨𝐨𝐫, 𝐄𝐔𝐑/𝐆𝐁𝐏 𝐓𝐮𝐦𝐛𝐥𝐢𝐧𝐠

    𝐄𝐮𝐫𝐨 𝐏𝐫𝐢𝐜𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐭𝐨 𝐄𝐱𝐭𝐞𝐧𝐝 𝐑𝐞𝐛𝐨𝐮𝐧𝐝 𝐀𝐡𝐞𝐚𝐝 𝐨𝐟 𝐐𝟒 𝐆𝐃𝐏 𝐏𝐫𝐢𝐧𝐭

    𝐄𝐮𝐫𝐨 𝐏𝐫𝐢𝐜𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐭𝐨 𝐄𝐱𝐭𝐞𝐧𝐝 𝐑𝐞𝐛𝐨𝐮𝐧𝐝 𝐀𝐡𝐞𝐚𝐝 𝐨𝐟 𝐐𝟒 𝐆𝐃𝐏 𝐏𝐫𝐢𝐧𝐭

    𝐉𝐚𝐩𝐚𝐧𝐞𝐬𝐞 𝐘𝐞𝐧 𝐋𝐚𝐭𝐞𝐬𝐭: 𝐔𝐒𝐃/𝐉𝐏𝐘 𝐏𝐥𝐚𝐲𝐬 𝐑𝐚𝐧𝐠𝐞, 𝐔𝐒/𝐂𝐡𝐢𝐧𝐚 𝐓𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐑𝐞𝐬𝐮𝐫𝐟𝐚𝐜𝐢𝐧𝐠 𝐟𝐨𝐫 𝐀𝐔𝐃/𝐉𝐏𝐘

    𝐉𝐚𝐩𝐚𝐧𝐞𝐬𝐞 𝐘𝐞𝐧 𝐋𝐚𝐭𝐞𝐬𝐭: 𝐔𝐒𝐃/𝐉𝐏𝐘 𝐏𝐥𝐚𝐲𝐬 𝐑𝐚𝐧𝐠𝐞, 𝐔𝐒/𝐂𝐡𝐢𝐧𝐚 𝐓𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐑𝐞𝐬𝐮𝐫𝐟𝐚𝐜𝐢𝐧𝐠 𝐟𝐨𝐫 𝐀𝐔𝐃/𝐉𝐏𝐘

    𝐁𝐫𝐢𝐭𝐢𝐬𝐡 𝐏𝐨𝐮𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝐆𝐁𝐏/𝐔𝐒𝐃, 𝐆𝐁𝐏/𝐉𝐏𝐘, 𝐄𝐔𝐑/𝐆𝐁𝐏

    𝐁𝐫𝐢𝐭𝐢𝐬𝐡 𝐏𝐨𝐮𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝐆𝐁𝐏/𝐔𝐒𝐃, 𝐆𝐁𝐏/𝐉𝐏𝐘, 𝐄𝐔𝐑/𝐆𝐁𝐏

    𝐄𝐮𝐫𝐨 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐁𝐥𝐞𝐚𝐤 𝐚𝐬 𝐓𝐫𝐚𝐝𝐞𝐫𝐬 𝐑𝐮𝐬𝐡 𝐟𝐨𝐫 𝐔𝐒 𝐃𝐨𝐥𝐥𝐚𝐫𝐬

    𝐂𝐚𝐧𝐚𝐝𝐢𝐚𝐧 𝐃𝐨𝐥𝐥𝐚𝐫 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐃𝐚𝐭𝐚 𝐭𝐨 𝐃𝐢𝐜𝐭𝐚𝐭𝐞 𝐔𝐒𝐃/𝐂𝐀𝐃, 𝐂𝐀𝐃/𝐉𝐏𝐘

    𝐂𝐚𝐧𝐚𝐝𝐢𝐚𝐧 𝐃𝐨𝐥𝐥𝐚𝐫 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐃𝐚𝐭𝐚 𝐭𝐨 𝐃𝐢𝐜𝐭𝐚𝐭𝐞 𝐔𝐒𝐃/𝐂𝐀𝐃, 𝐂𝐀𝐃/𝐉𝐏𝐘

  • Cryptocurrencies
    The Crypto Daily – Movers and Shakers – September 21st, 2020

    The Crypto Daily – Movers and Shakers – September 21st, 2020

    The Crypto Daily – Movers and Shakers – September 19th, 2020

    The Crypto Daily – Movers and Shakers – September 20th, 2020

    The Crypto Daily – Movers and Shakers – September 19th, 2020

    The Crypto Daily – Movers and Shakers – September 19th, 2020

    The Crypto Daily – Movers and Shakers – August 22nd, 2020

    The Crypto Daily – Movers and Shakers – August 22nd, 2020

    The Crypto Daily – Movers and Shakers – August 6th, 2020

    The Crypto Daily – Movers and Shakers – August 6th, 2020

  • Economic
    𝐄𝐔𝐑/𝐔𝐒𝐃 𝐓𝐎 𝐒𝐋𝐔𝐌𝐏 𝐈𝐅 𝐓𝐑𝐔𝐌𝐏 𝐒𝐓𝐀𝐘𝐒 𝐈𝐍 𝐇𝐎𝐒𝐏𝐈𝐓𝐀𝐋

    𝐄𝐔𝐑/𝐔𝐒𝐃 𝐓𝐎 𝐒𝐋𝐔𝐌𝐏 𝐈𝐅 𝐓𝐑𝐔𝐌𝐏 𝐒𝐓𝐀𝐘𝐒 𝐈𝐍 𝐇𝐎𝐒𝐏𝐈𝐓𝐀𝐋

    𝐔𝐒𝐃/𝐂𝐀𝐃 𝐒𝐋𝐈𝐃𝐄𝐒 𝐓𝐎 𝐓𝐖𝐎-𝐖𝐄𝐄𝐊 𝐋𝐎𝐖𝐒 𝐀𝐌𝐈𝐃 𝐒𝐎𝐅𝐓𝐄𝐑 𝐔𝐒𝐃, 𝐑𝐀𝐋𝐋𝐘𝐈𝐍𝐆 𝐎𝐈𝐋 𝐏𝐑𝐈𝐂𝐄𝐒

    𝐔𝐒𝐃/𝐂𝐀𝐃 𝐒𝐋𝐈𝐃𝐄𝐒 𝐓𝐎 𝐓𝐖𝐎-𝐖𝐄𝐄𝐊 𝐋𝐎𝐖𝐒 𝐀𝐌𝐈𝐃 𝐒𝐎𝐅𝐓𝐄𝐑 𝐔𝐒𝐃, 𝐑𝐀𝐋𝐋𝐘𝐈𝐍𝐆 𝐎𝐈𝐋 𝐏𝐑𝐈𝐂𝐄𝐒

    US Stock Market Overview – Stock Drop Led Down by Real Estate; Materials Buck the Trend

    US Stock Market Overview – Stock Drop Led Down by Real Estate; Materials Buck the Trend

    US Stocks Sink as Tech Stocks Extend Recent Decline

    US Stocks Sink as Tech Stocks Extend Recent Decline

    U.S. Stocks Mixed After Yesterday’s Sell-Off In Tech Shares

    U.S. Stocks Mixed After Yesterday’s Sell-Off In Tech Shares

    Biden Widens the Gap as Swing State Fence Sitters Take a Stand

    Biden Widens the Gap as Swing State Fence Sitters Take a Stand

  • Home
  • Education
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    • Elementary
    • Middle School
    • Summer School
    • High School
    • Undergraduate – Freshman
    • Undergraduate – Sophomore
    • Undergraduate – Junior
    • Undergraduate – Senior
    • Graduation
  • Best Brokers Worldwide
  • Brokers News
    Renowned Market Analyst Jameel Ahmad Joins NAGA as Director of Investment Strategy

    Renowned Market Analyst Jameel Ahmad Joins NAGA as Director of Investment Strategy

    Capital.com – Bringing Smart Trading to the Masses

    Capital.com – Bringing Smart Trading to the Masses

    Gulf Brokers Has Launched Its NewestTrading App

    Gulf Brokers Has Launched Its NewestTrading App

    SimpleFX is the First Forex Broker to Offer Chainlink

    SimpleFX is the First Forex Broker to Offer Chainlink

    SquaredFinancial Strengthens Client’s Fund Security

    SquaredFinancial Strengthens Client’s Fund Security

    Pound’s Slide Continues

    Pound’s Slide Continues

    Oil Rally Halts as Oil Stockpiles Increase

    Oil Rally Halts as Oil Stockpiles Increase

    Inflation Pressure Increases in China

    Inflation Pressure Increases in China

    Euro Gains Ground ahead of ECB

    Euro Gains Ground ahead of ECB

  • Commodities
    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    Shell Impairments Support Bearish Market

    Shell Impairments Support Bearish Market

  • Forex
    𝐄𝐮𝐫𝐨 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐖𝐞𝐞𝐤 𝐀𝐡𝐞𝐚𝐝 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐏𝐨𝐨𝐫, 𝐄𝐔𝐑/𝐆𝐁𝐏 𝐓𝐮𝐦𝐛𝐥𝐢𝐧𝐠

    𝐄𝐮𝐫𝐨 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐖𝐞𝐞𝐤 𝐀𝐡𝐞𝐚𝐝 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐏𝐨𝐨𝐫, 𝐄𝐔𝐑/𝐆𝐁𝐏 𝐓𝐮𝐦𝐛𝐥𝐢𝐧𝐠

    𝐄𝐮𝐫𝐨 𝐏𝐫𝐢𝐜𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐭𝐨 𝐄𝐱𝐭𝐞𝐧𝐝 𝐑𝐞𝐛𝐨𝐮𝐧𝐝 𝐀𝐡𝐞𝐚𝐝 𝐨𝐟 𝐐𝟒 𝐆𝐃𝐏 𝐏𝐫𝐢𝐧𝐭

    𝐄𝐮𝐫𝐨 𝐏𝐫𝐢𝐜𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐭𝐨 𝐄𝐱𝐭𝐞𝐧𝐝 𝐑𝐞𝐛𝐨𝐮𝐧𝐝 𝐀𝐡𝐞𝐚𝐝 𝐨𝐟 𝐐𝟒 𝐆𝐃𝐏 𝐏𝐫𝐢𝐧𝐭

    𝐉𝐚𝐩𝐚𝐧𝐞𝐬𝐞 𝐘𝐞𝐧 𝐋𝐚𝐭𝐞𝐬𝐭: 𝐔𝐒𝐃/𝐉𝐏𝐘 𝐏𝐥𝐚𝐲𝐬 𝐑𝐚𝐧𝐠𝐞, 𝐔𝐒/𝐂𝐡𝐢𝐧𝐚 𝐓𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐑𝐞𝐬𝐮𝐫𝐟𝐚𝐜𝐢𝐧𝐠 𝐟𝐨𝐫 𝐀𝐔𝐃/𝐉𝐏𝐘

    𝐉𝐚𝐩𝐚𝐧𝐞𝐬𝐞 𝐘𝐞𝐧 𝐋𝐚𝐭𝐞𝐬𝐭: 𝐔𝐒𝐃/𝐉𝐏𝐘 𝐏𝐥𝐚𝐲𝐬 𝐑𝐚𝐧𝐠𝐞, 𝐔𝐒/𝐂𝐡𝐢𝐧𝐚 𝐓𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐑𝐞𝐬𝐮𝐫𝐟𝐚𝐜𝐢𝐧𝐠 𝐟𝐨𝐫 𝐀𝐔𝐃/𝐉𝐏𝐘

    𝐁𝐫𝐢𝐭𝐢𝐬𝐡 𝐏𝐨𝐮𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝐆𝐁𝐏/𝐔𝐒𝐃, 𝐆𝐁𝐏/𝐉𝐏𝐘, 𝐄𝐔𝐑/𝐆𝐁𝐏

    𝐁𝐫𝐢𝐭𝐢𝐬𝐡 𝐏𝐨𝐮𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝐆𝐁𝐏/𝐔𝐒𝐃, 𝐆𝐁𝐏/𝐉𝐏𝐘, 𝐄𝐔𝐑/𝐆𝐁𝐏

    𝐄𝐮𝐫𝐨 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐁𝐥𝐞𝐚𝐤 𝐚𝐬 𝐓𝐫𝐚𝐝𝐞𝐫𝐬 𝐑𝐮𝐬𝐡 𝐟𝐨𝐫 𝐔𝐒 𝐃𝐨𝐥𝐥𝐚𝐫𝐬

    𝐂𝐚𝐧𝐚𝐝𝐢𝐚𝐧 𝐃𝐨𝐥𝐥𝐚𝐫 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐃𝐚𝐭𝐚 𝐭𝐨 𝐃𝐢𝐜𝐭𝐚𝐭𝐞 𝐔𝐒𝐃/𝐂𝐀𝐃, 𝐂𝐀𝐃/𝐉𝐏𝐘

    𝐂𝐚𝐧𝐚𝐝𝐢𝐚𝐧 𝐃𝐨𝐥𝐥𝐚𝐫 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐃𝐚𝐭𝐚 𝐭𝐨 𝐃𝐢𝐜𝐭𝐚𝐭𝐞 𝐔𝐒𝐃/𝐂𝐀𝐃, 𝐂𝐀𝐃/𝐉𝐏𝐘

  • Cryptocurrencies
    The Crypto Daily – Movers and Shakers – September 21st, 2020

    The Crypto Daily – Movers and Shakers – September 21st, 2020

    The Crypto Daily – Movers and Shakers – September 19th, 2020

    The Crypto Daily – Movers and Shakers – September 20th, 2020

    The Crypto Daily – Movers and Shakers – September 19th, 2020

    The Crypto Daily – Movers and Shakers – September 19th, 2020

    The Crypto Daily – Movers and Shakers – August 22nd, 2020

    The Crypto Daily – Movers and Shakers – August 22nd, 2020

    The Crypto Daily – Movers and Shakers – August 6th, 2020

    The Crypto Daily – Movers and Shakers – August 6th, 2020

  • Economic
    𝐄𝐔𝐑/𝐔𝐒𝐃 𝐓𝐎 𝐒𝐋𝐔𝐌𝐏 𝐈𝐅 𝐓𝐑𝐔𝐌𝐏 𝐒𝐓𝐀𝐘𝐒 𝐈𝐍 𝐇𝐎𝐒𝐏𝐈𝐓𝐀𝐋

    𝐄𝐔𝐑/𝐔𝐒𝐃 𝐓𝐎 𝐒𝐋𝐔𝐌𝐏 𝐈𝐅 𝐓𝐑𝐔𝐌𝐏 𝐒𝐓𝐀𝐘𝐒 𝐈𝐍 𝐇𝐎𝐒𝐏𝐈𝐓𝐀𝐋

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Home Cryptocurrencies

The Crypto Daily – Movers and Shakers – August 22nd, 2020

It’s a particularly bearish start to the day. Bitcoin would need to move through the pivot at $11,633 to $11,700 levels to support the pack.

September 23, 2020
in Cryptocurrencies
The Crypto Daily – Movers and Shakers – August 22nd, 2020
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Bitcoin, BTC to USD, fell by 2.81% on Friday. Reversing a 0.91% gain from Thursday, Bitcoin ended the day at $11,530.

It was a mixed start to the day. Bitcoin rose to an early morning high $11,887.0 before hitting reverse.

Falling short of the first major resistance level at $11,947, Bitcoin fell to a late intraday low $11,483.0.

Bitcoin fell through the first major support level at $11,729 and the second major support level at $11,594.

Finding late support, Bitcoin briefly revisited $11,590 levels before easing back. The second major resistance level pinned Bitcoin back late in the day.

The near-term bullish trend remained intact, supported by the latest move through to $12,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a bearish day for the majors on Friday.

Tezos and Tron’s TRX led the way down, with losses of 12.14% and 11.55% respectively.

Bitcoin Cash SV (-6.55%), Cardano’s ADA (-8.33%), Ethereum (-6.70%), Monero’s XMR (-9.28%), and Stellar’s Lumen (-7.19%) also saw particularly heavy losses.

Binance Coin (-4.33%), Bitcoin Cash ABC (-3.92%), EOS (-5.59%), Litecoin (-5.86%), and Ripple’s XRP (-4.53%) saw relatively modest losses.

In the current week, the crypto total market rose to a Monday high $384.00bn before sliding to an early Saturday low $339.58bn. At the time of writing, the total market cap stood at $341.81bn.

Bitcoin’s dominance fell to a Monday low 59.97% before rising to a Wednesday high 62.00%. At the time of writing, Bitcoin’s dominance stood at 61.78%.

This Morning
At the time of writing, Bitcoin was down by 0.81% to $11,463.5. A bearish start to the day saw Bitcoin fall from an early morning high $11,540.0 to a low $11,400.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a particularly bearish start to the day.

At the time of writing, Monero’s XMR was down by 2.56% to lead the way down.

For the Bitcoin Day Ahead
Bitcoin would need to move through the pivot level at $11,633 to support a run at the first major resistance level at $11,784.

Support from the broader market would be needed, however, for Bitcoin to break out from $11,500 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $12,037 before any pullback.

Failure to move through the $11,633 pivot level would bring the first major support level at $11,380 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid the second major support level at $11,229.

In the event of an extended sell-off, Bitcoin could test support at $11,000 before any recovery.

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