- Markets
- News
- Analysis
- Trading Tools
- Blog
- Education
- About us
Popular Articles
Popular Articles
Popular Articles
Popular Articles
Will Jinxin Fertility (01951. HK) Preempt the Market Upon Policy Certainty & Performance Elasticity?
1725589280
Hong Kong E-Commerce Logistics Association (HKELA) Joins Forces with OPENeX 2024 and WMX Asia Conference to Promote Cross-Border International E-Commerce
1725498004
Hong Kong E-Commerce Logistics Association (HKELA) Joins Forces with OPENeX 2024 and WMX Asia Conference to Promote Cross-Border International E-Commerce
1725498004
Popular Articles
Popular Articles
Popular Articles
Popular Analysis
Popular Analysis
Nonfarm Payrolls expected to show modest hiring rebound in August after July’s tepid report
1725604458
China faces new shock as local governments scramble for cash, worsening crisis
1725604294
BoJ’s Takata: If economy, prices move in line with our forecast, will adjust policy rate in several stages
1725518741
Popular Analysis
Popular Analysis
Popular Analysis
Top Blog Posts
Top Blog Posts
Top Blog Posts
Top Blog Posts
Top Blog Posts
Top Blog Posts
Beginners
What is Day trading? How to practice Day trading?
Day trading is a style of trading where financial instruments such as stocks, currencies, commodities, or options are bought and sold within the same trading day. The key characteristic of day trading is that all positions are closed before the market closes for the day, preventing the trader from holding any overnight positions. This distinguishes day trading from other strategies like swing trading or long-term investing, where assets may be held for days, weeks, or even years.
Options Vs CFDs: Understanding the Key Differences
The distinction between CFDs (Contracts for Difference) and options primarily lies in their respective trading styles, response to market conditions, ownership potential, method of leveraging the market, product pricing, transactional costs, and their trading platforms. Both these financial instruments provide unique advantages and cater to different trading goals and strategies.
What is Forex Trading?
What does forex trading mean? What assets are traded during Forex trading? Check out this article to find the answer.
Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
2021
Best News & Analysis Provider
FxDailyInfo
2022
Best Forex Educational Resources Global
International Business Magazine
Litecoin Intraday: as long as 70 is support look for 73.6
Litecoin (LTC/USD)
+0.50+0.82%
as long as 70 is support look for 73.6.
Our pivot point stands at 70.0.
Our preference: as long as 70 is support look for 73.6.
Alternative scenario: the downside breakout of 70 would call for 68.6 and 67.8.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 70.9 and 69.6).
Supports and resistances:
75.2 **
74.4 *
73.6 **
72.8
71.2 last
70.5
70.0 **
68.6 *
67.8 **
Our preference: as long as 70 is support look for 73.6.
Alternative scenario: the downside breakout of 70 would call for 68.6 and 67.8.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 70.9 and 69.6).
Supports and resistances:
75.2 **
74.4 *
73.6 **
72.8
71.2 last
70.5
70.0 **
68.6 *
67.8 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
