Key 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. Today, the pair is rising and approaching level 1.0700. The upward move is likely to […]
Read moreNEO Price Analysis – November 02 In case the bulls can push up the price to penetrate the two dynamic resistance levels upside, then the resistance level of $16 will be reached, further increase of bullish pressure may break up the confluence at $16 and resistance levels at $19 and $22 may be tested. Failure […]
Read moreEURUSD Price Analysis – November 2 The selling bias around the EURUSD increased for another session on Monday and drags the pair to fresh 2-month lows in the 1.1625/20 region. Increasing cautiousness ahead of the US presidential elections due on Tuesday gives extra attention to the pair. The decline is driven by strong risk aversion […]
Read moreGold (XAU/USD) traded on a positive tone through the early European session on Monday and has renewed its daily highs around $1890 in the past few hours, although it lacked any follow-through strength. The yellow metal built on last week’s positive climb, as investors become wary and are hedging their bets against the outcome of […]
Read moreKey HighlightsBCH is range-bound between levels $250 and $280BCH trades in the bullish trend zone Bitcoin Cash (BCH) Current StatisticsThe current price: $258.44 Market Capitalization: $4,796,932,301Trading Volume: $2,372,198,185Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis November 02, 2020In a nutshell, BCH is range bound between $250 and $280. […]
Read moreXAGUSD Price Analysis – November 2 Silver price is embarking on a recovery journey beyond the $24.00 level early in the week with prospects of an upside move towards the $24.50 level amid critical events and the US elections. However, the dollar maintain gains as the US election and Fed meeting lurk around the corner. […]
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Last Friday Silver closed at a very interesting level, above the 23.50 validating a possible reversal on an inverted head and shoulders breakout. Having said that, it was too late on Friday’s session to enter but today we saw Silver dip at Sunday’s Futures open to test and reject the 23.40 level to then start […]
Read moreXRP/USD Market November 02 When the sellers gather enough pressure and the daily candle penetrate the $0.23 level downside and close below it, then, the bearish movement will continue to the $0.22 and $0.21 support level. On the other hand, the bulls may prevail and the price will increase towards the resistance levels at $0.25, […]
Read moreKey Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishEUR/GBP has been in a downward move since September 11. The selling pressure is reaching bearish exhaustion. On October 21 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. This implies that the pound will fall and reverse […]
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