Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY pair is currently in an upward move. A red candle body tested 0.618 Fibonacci retracement level. The Yen will rise and reach a high of 1.618 Fibonacci extension level. The price is breaking above the SMAs. The pair […]
Read moreThe Nasdaq 100 (NDX), Dow Jones (DJIA), and the S&P 500 (SPX) saw significant declines in yesterday’s trading session. Despite being ahead of the pack since the mid-March boom, tech stocks recorded the most losses yesterday, steering the NDX into a strong bearish retracement. Some analysts have commented that the tech industry has been in […]
Read moreEURJPY Price Analysis – September 4 The selling bias in the European currency imposes a limit on EURJPY and, on Friday, may pull it further south of the 126.00 marks ahead of Key US data. EURJPY is stepping up withdrawal from the new 2020 highs just beyond the level of 127.00 reported earlier in the […]
Read moreUSDCHF Price Analysis – August 4 On Friday, the USDCHF exchanged in the positive territory slightly beyond the 0.9100 level and entered a consolidation phase as investors are now awaiting key US results. As of writing, the pair was up 0.19 percent on the day at 0.9112 level. After the damage from the interventionist shift […]
Read moreBNBUSD Price Analysis – September 04 The price may reduce to $18 and $16 support level provided the support level at $20 does not hold. In case the just mentioned level holds, BNB price may increase towards the resistance levels at $22, $24, and $35. BNB/USD Market Key levels: Supply levels: $22, $24, $30, $35 […]
Read moreKey HighlightsLINK risks further decline to $8The recent uptrend is likely to be terminated Chainlink (LINK) Current StatisticsThe current price: $12.03Market Capitalization: $4,211,585,133Trading Volume: $1,866,112,988Major supply zones: $18.00, $20.00,$22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis September 4, 2020LINK is trading at $12 at the time of writing. The coin has been fluctuating […]
Read moreThe weekly jobless claims report on Thursday was better than expected. However, analysts note that the marked decline in initial claims has been exaggerated due to a change in methodology and is not a sign that the labor market recovery is gaining momentum. The level of new and ongoing requirements remains high, signaling that the […]
Read moreBitcoin (BTC) has undergone a dramatic loss extension, as it shed more than $1000 in just under 24 hours. In yesterday’s analysis, we speculated that Bitcoin could consolidate for a while before a major breakout. Based on our 4-hour chart, that is exactly what happened. After a while of holding around the $11,400-200 region, BTC […]
Read moreKey Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: RangingAU200AUD is range-bound between levels 6000 and 6200 since May. It is consolidating in a tight range. Besides, the market is in a tight range. Buyers have tested the resistance line at three occasions to break it. The index […]
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