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Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BullishThe index is an upward move but it is facing resistance at level 13200. It must have reached bullish exhaustion as it faces rejection. On November 10, a retraced candle body tested the 88.6% Fibonacci retracement. This indicates that […]
Despite the recent bullish recovery from the Thanksgiving “massacre” by Bitcoin (BTC), analysts from JPMorgan Chase & Co expect a steep decline for the cryptocurrency soon. The strategist highlighted some factors that could play crucial roles soon for the benchmark cryptocurrency. A recent JPM analysis, led by Nikolaos Panigirtzoglou, noted that the Thanksgiving crash has […]
Selling of gold resumes today, breaking the $1,800 mark and reaching $1,764.31 so far. Further decline is now expected as long as the resistance at $1,818.26 is held. The current decline from 2075.18 is seen as a correction of the entire uptrend from $1,160.17. Sterling also strengthened slightly after UK Foreign Secretary Dominic Raab said […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair has risen to level 1.0822 and it is facing resistance at the recent high. On November 10 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This implies that the pair will reach level 1.618 Fibonacci […]
Gold (XAU/USD) continued its decline in the early European session on Monday in what can be considered its worst decline in four years. The recent sell-off was triggered by the renewal of investor risk appetite across markets, as the prospects for COVID-19 vaccines revive hopes of a global economic recovery. So far, the yellow metal […]
The AUD/NZD traded on negative bias in the early European hours on Monday, with both currencies struggling for dominance as they both have favorable factors surrounding them. Commodities continue to bolster the Aussie, with the daily measure of Australia’s commodity export nearing a 7-year high, as iron ore trades above $125 per tonne. November was […]
EURUSD Price Analysis – November 30 The EURUSD has continued its recent upside swing with an attempt to run through the 1.20 marks suggesting price is en route to its 2020 2-year high at 1.2011 level after days of range. The US dollar has also been on the back foot as news coming from the […]
XAGUSD Price Analysis – November 30 Silver (XAGUSD) resumes last week’s sell-off amid optimism for an economic rebound as the white metal slumps under the $22.00 level. Any rebound attempt is probably going to stay shallow beneath the confluence zone around the $23.50 level. Key LevelsResistance Levels: $26.00, $23.50, $22.83Support Levels: $21.66, $19.65, $18.37XAGUSD Long […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe pound is still making lower highs and lower lows. Presently, it is falling after rejection at level 0.8990. Since November 9, buyers have not been able to push above level 0.8990. Therefore the pound is likely to fall. Daily […]
XRP Weekly Price Analysis – November 30 In case the bulls continue to dominate the XRP/USD market, the price may soar to the resistance at $0.73, $0.79, and $0.88 levels. On the downside, the price may find support levels at $0.61, $0.55, and $0.49. XRP/USD Market Key Levels: Resistance levels: $0.73, $0.79, $0.88 Support levels: […]
