Technical analysis
Copper Tops USD 8,000, Commodity Supercycle at Play?
December 20, 2020 08:23 PM EST| By Kunal SawhneyAt present, many analysts believe that a copper supercycle is underway and the same has resulted in copper prices hitting a record high. So, what is a commodity supercycle? Image Source: Megapixl Supercycle is defined as a wave degree under the...
Tesla Share Price at Record high, EV Leader Enters S&P 500 with a bang
December 18, 2020 11:11 PM EST| By Hina ChowdharyTesla is breaking all records with the stock contouring another record high of USD 695.00 a share yesterday. The EV giant is now all set to see its inclusion in America’s benchmark S&P 500 stock index on Monday, i.e., 21 December 2020. I...
US Fed Continues to Pump Money, Nasdaq Contours New ATH
December 16, 2020 11:04 PM EST| By Kunal SawhneyThe US stock market has once again ended at a record high on 16 December 2020, with S&P 500 and Nasdaq 100 both hitting their previous record highs while Nasdaq 100 even establishing a new record of 12,698.11 (intraday high). One of the primary...
Silver Spot Price and Sentiment Data Diverges, What Does it Mean for the Precious Metal?
December 16, 2020 09:50 PM EST| By Kunal SawhneySilver spot prices are consolidating after correcting from the recent peak of USD 29.863 per ounce (intraday high on 7 August 2020). The current range for the spot is between USD 24.800 to USD 24.100, and the range seems to be shrinking as compared t...
Bitcoin Scales USD 20,000 – Bulls on Charge or a Trap?
December 16, 2020 09:17 PM EST| By Kunal SawhneyBitcoin prices have smashed through the USD 20,000 mark to reach a new record high - the blistering rally in Bitcoin has delivered a one-year return of 190 per cent. The recent rally in the cryptocurrency has been well-supported by large institutiona...
Bitcoin At an All-Time High Outperforming All Asset Classes, Why are investors Gung-ho?
December 01, 2020 06:18 PM AEDT| By Kunal SawhneyBitcoin prices finally climbed to a record high, taking less than three years to scale the previous all-time high the previous high seen in December 2017. The world’s most popular cryptocurrency gained considerable momentum in the recent past,...
Bitcoin Bounces Back Sharply Towards All-Time Highs, More Steam Left in the Rally?
November 26, 2020 04:47 AM EST| By Team Kalkine MediaBitcoin prices have rebounded and how! Just in two months time span the crypto currency is up 93% to USD 19,348 on 24th November 2020 after making a low of USD 9,825 in September 2020. Bitcoin prices broke a symmetric triangle pattern on a monthly .....
Bitcoin Knocking at All-time Highs after 3 years, USD 20,000 on cards?
November 18, 2020 09:41 PM EST| By Team Kalkine MediaBitcoin is grabbing eyeballs again. The currency continues to climb and is closing in on the levels not seen since it reached its highest ever mark three years ago. Bitcoin is just 12% shy of its previous all-time high of USD 19,891.0, last seen o.....
Is This the Consolidation Phase for Gold and Silver? Are There any Surprises?
October 13, 2020 12:47 AM EDT| By Team Kalkine MediaGold Spot Multi-Contributor (XAU/USD) on Technical Chart Gold Spot Multi-Contributor (XAU) Monthly Chart (Source: Refinitiv Eikon Thomson Reuters) Gold prices were on an upswing on 09 October 2020, and closed at USD 1929.43, up by 1.87%. Gold i.....
Buying the Dips – A Tapestry of Technical Tools and Strategy
August 06, 2020 06:25 AM EDT| By Team Kalkine MediaSummary The market shows it moves in the most vivid way, presenting many opportunities to enter a trade and book a profit. One such opportunity presented by the market is often in the face of a dip in an uptrend; however, not every dip is worth.....