Gold rallied slightly amid another fall in the dollar, but global progress in vaccinations has blocked demand for shelters. Despite recent breakthroughs in COVID vaccines, adoption has been disappointing, and the current wave seems to require more restrictive measures over the next few weeks. More than a year has passed since the first cases of […]
Read moreKey Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trends: BullishAustralia 200 is in a sideways move below level 6300. The index has been fluctuating between levels 6600 and 6800. Australia 200 is likely to fall as it reaches the overbought region of the market. Daily Chart Indicators Reading:The […]
Read moreKey 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 presently falling in a downward move. The pair was earlier making a correction when it was rejected at level 0.91000. The downtrend will reach the previous low at level 0.8880. Daily Chart Indicators Reading:The 50-day and 21-day […]
Read moreKey Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe pair is now in an upward move. The price has broken the resistance at level 78.00. On December 17 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair is likely to […]
Read moreThe past few days have been a very heart-wrenching experience for Ripple (XRP), which has seen the third-largest cryptocurrency shave off close to 60% from its value. Things came crashing for the cryptocurrency following a recent lawsuit by the SEC. In this article, we will be taking a deep dive into the SEC’s lawsuit against […]
Read moreAUDUSD Price Analysis – December 31 AUDUSD continued its rally and hit 0.7742, its highest level in almost 3 years, at the start of Thursday’s session. Underlying bullish sentiment in global equity markets continued to undermine the safe-haven dollar. Key LevelsResistance Levels: 0.8136, 0.8000,0.7800Support Levels: 0.7635, 0.7571, 0.7414AUDUSD Long term Trend: BullishIn a long-term trend, […]
Read moreEURUSD Price Analysis – December 31 Buyers of EURUSD are returning to the 1.2300 area at the start of the last day of 2020, however, due to the absence of any new fundamental catalyst, buyers took a short pause and refrained from new heights amid low trading volumes at the end of the year. EURUSD […]
Read moreThe EUR/AUD continued on a bearish decline in the early European session on Thursday, as the risk-backed Aussie soars amid efforts by the ECB to weaken the Euro. ECB Governing Council Member Oli Rehn reiterated comments made by other ECB members—like President Christine Lagarde, Francois Villeroy de Galhau, and Philip Lane—that ‘jawboned’ the EUR. Comments […]
Read moreBNBUSD Price Analysis – December 31 In case the sellers were able to push the price below the support level of $37 and the daily candlestick close below the level, then, the price may decline further to test $31 and $27 support level. Inability to break down the support level of $37, the bullish trend […]
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