EURJPY Price Analysis – November 27 EURJPY upside meets a tough barrier around the mid-124.00 level towards the end of the week on Friday. On the other hand, the currency exchange rate might make a brief retracement towards the 124.00 area within this session. Europe is seeing rays of light in getting the second COVID-19 […]
Read moreWall Street traded on a mixed sentiment on Wednesday as the Thanksgiving Holiday in the US drew near. Yesterday was Thanksgiving in the US, and markets across the country were closed. Most sectors under the S&P 500 (SPX) traded lower on Wednesday, with Energy stocks and Consumer Stables leading the decline. The Nasdaq 100 (NDX) […]
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In hopes of an increase of demand of petroleum based products due to the news of the Coronavirus vaccines being over 90% effective, a massive increase in air travel, the easing of lockdowns measures and the normal winter rally, crude oil futures (WTI and Brent) have rallied above massive levels. Brent in particular has broken […]
Read moreUSDCHF Price Analysis – November 27 The US dollar has continued its downtrend against the Swiss franc for the 3rd day in a row, extending its downside focus beneath sub 0.9100 level on Friday. The USDCHF stays on the defensive amid risk aversion weighing the dollar against the Swiss franc. Key LevelsResistance Levels: 0.9296, 0.9207, […]
Read moreKey HighlightsBCH faces rejection at the $360 resistanceBCH slumps to $256 after rejection. Bitcoin Cash (BCH) Current StatisticsThe current price: $269.66Market Capitalization: $5,011,228,966Trading Volume: $4,688,887,163Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis November 27, 2020Today, BCH is trading at $256 after rejection at the $360 overhead resistance. […]
Read moreKey Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BullishAustralia 200 is making an upward move. The index is facing rejection at level 0.6700. On Nov ember 9 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. This indicates that the index is expected to rise […]
Read moreKey Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishSince September, the pound has been falling. On November 13, the selling pressure resumes as the price fell to a low at 0.8890. The pair is making a series of lower highs and lower lows. Today, the price is making […]
Read moreBitcoin (BTC) has suffered an unexpected drop by close to $3,000 over the past few hours. We have compiled a few factors we think precipitated this crash. 1- OKEx resumed facilitating withdrawals today, after an extended period of locking up investors’ funds on the exchange. This halt happened after the founder of the company was […]
Read moreEOSUSD Price Analysis – November 26 Further increase of the bears’ momentum may push the price to the low of $2.4 and $2.2 provided the support level of $2.7 does not hold. In case the $2.7 support level holds, the price may reverse and face the resistance levels at $2.9, $3.3, and $3.8. Key Levels: […]
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