EURJPY Price Analysis – December 11 EURJPY has plunged sharply after increasing towards 126.61 level. The currency pair breached the 126.00 mark level during Friday’s trading session. EURJPY has been grinding lower after the ECB decision and Villeroy’s comments on the euro exchange rate. Key LevelsResistance Levels: 127.50, 127.07, 126.68Support Levels: 126.00, 125.00, 123.90EURJPY Long-term […]
Read moreKey Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP has been fluctuating between levels 3200 and 3400 since July. The index has risen to level 3457. Presently, it is making a downward move. The price has broken the 21-day SMA but approaching the 50-day SMA. […]
Read moreUSDCHF Price Analysis – December 11 The USDCHF pair declined to its lowest level around the level at 0.8851 on Friday but presents a rebound during the American session. The selling pressure surrounding the US Dollar Index (DXY) is reflecting the broad-based USD weakness resulting in further weakness for the USDCHF pair. Key LevelsResistance Levels: […]
Read moreKey Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move since June. The price has been falling from level 105.50. On November 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the Yen will […]
Read moreThe Nasdaq 100 (NDX) crashed by about 2.1% in the early hours on Thursday, as US lawmakers continued to draw out conclusive US stimulus talks and a hitch-free rollout of Coronavirus vaccines across the globe prompted investors to cash out their profits in the tech sector. The Dow Jones (DJIA) and the S&P 500 (SPX) […]
Read moreAUDUSD Price Analysis – December 11 AUDUSD upside rally furthers on its positive fundamentals registering fresh highs at 0.7571 level and continued scaling higher for the third day in a row on Friday. Australia’s key export item has risen to the all-time high as AUDUSD follows suit while reaching a fresh high beyond 0.7500, currently […]
Read moreSterling relented again after the Brussels meeting ended with nothing more than comments that the UK and the EU were still far apart. Meanwhile, the euro is ambiguous as the ECB’s policy is expected to be revised. GBP/USD increased its losses, falling to a fresh bottom of 1.3184, the lowest level since November 18. Sterling […]
Read moreBNBUSD Price Analysis – December 11 The ability to break down the support level of $26 will expose the price to $24 and $22. In case the support level of $26 is defended by the bulls, the price may reverse and face the $29. $33, and $37 resistance price level. BNB/USD Market Key levels: Supply […]
Read morePrice Analysis – December 11 Further increase in the bears’ pressure will decrease the price to the $2.4 support level; the bearish momentum may extend to $2.1 and $1.5 if $2.4 does not hold the price. However, the resistance levels above the current price can found at $2.7, $3.0, and $3.3. Key Levels: Resistance levels: […]
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