NEO Price Analysis – October 05 NEO is approaching a potential bullish reversal zone; the rejection of the price at the $16 support level may be a price reversal towards the resistance level of $19, $22, and $25. In case the support level of $16 does not hold, the price may reduce to $14 and […]
Read moreThe AUD/NZD spiked significantly from under 1.0600 in late July to tops above 1.1000 in August. In September, the pair experienced a major retracement, which sent it to the 0.0717 September low two weeks ago. Throughout the last week, this pair has managed to rebound higher to the 1.0850 level. However, economists at Westpac (an […]
Read moreXRP/USD Market October 05 The closing of the daily bullish candle above the resistance level of $0.25 may increase to $0.27 and $0.29 resistance level. The inability to close above the resistance level of $0.25 may return the price to the bearish movement towards the support levels of $0.22, $0.20, and $0.17. Key Levels: Resistance […]
Read moreEURUSD Price Analysis – October 5 EURUSD is holding at 1.1707, suggesting a reversal of the bearish trend towards the 1.1770 level. Eurozone investor confidence improved more-than-expected in September, according to the latest data released by the research group Sentix on Monday. Key LevelsResistance Levels: 1.2011, 1.1900, 1.1770Support Levels: 1.1685, 1.1495, 1.1350EURUSD Long term Trend: […]
Read moreGold (XAU/USD) etched lower through the Asian session on Monday and renewed its daily lows around $1887. However, it is beginning to show some bullish strength in the early European session. The yellow metal extended its decline from Friday’s eight-day high around $1917. The decline was sparked by the risk-on sentiment across markets, which tends […]
Read moreXAGUSD Price Analysis – October 5 Silver (XAGUSD) price prints a $24.04 intraday high level with 0.50% gains during Monday’s session. Buyers may re-attempt the prior week’s high at $24.40 level for new entries. Traders also resumed accumulating Silver on price correction as safe-haven demand reemerged amidst the second wave of coronavirus outbreak in Europe, […]
Read moreThe coronavirus has spread its claws to the White House. President Trump announced on Friday that he and his wife Melania had contracted COVID-19. As the day went on, the news reported that several of his advisers and employees had also contracted the virus.Avoiding risks is the first step in helping the dollar recover slightly. […]
Read moreKey Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BearishThe index is in an upward move. The uptrend reached a high of level 29200 and was resisted. The index dropped to level 26700 and resumed a fresh uptrend. Daily Chart Indicators Reading:The 21-day and the 50-day […]
Read moreNotably, Bitcoin’s (BTC) volatility has dropped in the past month compared to previous months. The benchmark cryptocurrency has been whipsawing in a $1k range between the $10,000 and $11,000 psychological marks. Last week, BTC struggled to reach the upper level of the range, near $11,000, however, all the efforts by bulls were brought to naught […]
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