The EUR/AUD traded on a slightly bearish bias in the early European session on Thursday, following a spike to the upside yesterday despite the weakness in the EUR. For several days now, conditions have been tough for the commodity industry for which the AUD trades as a proxy, causing it to slide despite renewed COVID-19 […]
Read moreKey Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair is fluctuating after falling to level 73.39. Previously, the market has been on a sideways move. The current upward move is likely to reach level 76. Daily Chart Indicators Reading:The 21-day SMA and the 50-day SMA are […]
Read moreRaoul Pal, former fund manager and CEO of Real Vision, opines that the worse of the COVID-19 pandemic is yet to hit the financial markets. Pal believes that when this finally happens, Bitcoin (BTC) will serve as a “life raft” amid the upcoming chaos. The Wall Street veteran took to Twitter to outline the global […]
Read moreKey Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BearishFrance 40 index is in a downward move. The index has fallen and broken the previous price range. The retraced candle body tested the 38.2% Fibonacci extension on October 12. This indicates that the index will reach level 2.618Fibonacci […]
Read moreGBPJPY Price Analysis – October 28 The GBPJPY cross has come under fresh selling bias during the American session and plunged to 14 days low beneath the 135.00 level. Persistent Brexit-related concerns add to selling bias while keeping the GBP lower forcing investors to take refuge in the safe-haven Japanese yen. Key LevelsResistance levels: 144.95, […]
Read moreKey HighlightsEthereum faces rejection at $420, may drop to $382Ether will reach a low of $320 if the selling pressure persists Ethereum (ETH) Current StatisticsThe current price: $387.56Market Capitalization: $43,869,223,825Trading Volume: $17,057,619,506Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis October 28, 2020Ethereum is on a downward move after […]
Read moreKey Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingEUR/CHF has been on a downward move since September 25. The current downtrend resumes after the retest at level 1.07488. The market is still falling. On October 15 downtrend; the last retraced candle tested the 78.6% Fibonacci retracement. It indicates […]
Read moreGold (XAU/USD) continued on its consolidation bias in the early European session on Wednesday and was last spotted trading at a fresh daily low of $1893. The yellow metal experienced a renewed bearishness and erased the previous day’s gains, although it remained well within a four-day-old trading range. A healthy bounce in the US dollar […]
Read moreEURCAD Price Analysis – October 28 The Canadian dollar continues to outperform amongst G10 currencies with EURCAD staying in a sideways market beyond the 1.5550 level. EURCAD is in buyers’ territory and well on its way for prospects of a higher high. However, the Bank of Canada (BoC) policy update should be modestly CAD supportive. […]
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