The dollar and yen are back today under some selling pressure as markets appear to be returning to risk mode. The dollar’s weakness is also seen as its vulnerability to overcome a key psychological level against the Chinese yuan. The Australian and New Zealand dollars are relatively stronger. The Australian dollar is currently stronger, supported […]
Read moreKey HighlightsEthereum bulls buy the dips at the low of $538.50 low The biggest altcoin resumes upside momentum as price rises to $560 Ethereum (ETH) Current StatisticsThe current price: $567.16Market Capitalization: $64,648,471,067Trading Volume: $15,067,006,909Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis December 9, 2020Yesterday, Ether faces resistance at […]
Read moreKey Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: RangingFR40EUR index is in a sideways move below level 5600. The price is consolidating above the SMAs but below the resistance at level 5600. A break above the resistance will compel the index to resume an uptrend. Daily Chart […]
Read moreKey Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishThe pair has risen to level 1.0850 and it is facing resistance at the recent high. On December 2, the pair faced rejection at the recent high. The market has been on a downward move after the rejection. The price […]
Read moreGBPJPY Price Analysis – December 9 GBPJPY rallies to new weekly highs at the start of the American session, gaining steady positive traction breaking the 140.31 barriers. Optimism for the COVID-19 vaccine has eroded the yen as the Brexit deal gave a strong boost to the British pound. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support Levels: […]
Read moreKey Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD has been in a downward move. The downtrend is likely to continue. On November 9 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair will fall to level 1.618 Fibonacci extensions. […]
Read moreEURCAD Price Analysis – December 9 EURCAD has come under renewed selling pressure, falling back towards the sub 1.5500 level. The common European currency has plunged by 0.29% against the Canadian Dollar since the day’s start. The central event in both the US and Europe is the outcome of the stimulus budget fights except CAD […]
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Ripple price predictions for 2022 are excellent. Ripple XRP was excepted to perform bullish in 2021 due to adoption and the rapid growth of the cryptocurrency market cap. The price of XRP hit an all-time high within 2021, while for 2022 is expected to hit between $4 and $5. Ripple is a currency as well […]
Read moreADA Price Analysis – December 09 Further increase in the bears’ pressure may push the price to reach the support level of $0.1; below this level is the $0.10 support level. Should the support level of $0.13 holds, then, ADA will be confronted with the resistance levels at $0.16, $0.17, and $0.19. ADA/USD Market Key […]
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