Gold (XAU/USD) traded on a slightly bearish tone in the early European session on Monday, as it recorded a new three-day low over the past few hours. The precious metal was last spotted trading around the $1830 area at press time. Gold is trading lower for the second consecutive session today, after retreating from a […]
Read moreEURUSD Price Analysis – December 7 The major European currency adds to prior session corrective downside and takes EURUSD to fresh lows in the sub-1.2100 area. EURUSD appears to be fading after its upside run halts under barrier 1.2150 level. The pair is off its highs could extend its downward correction. Key LevelsResistance Levels: 1.2350, […]
Read moreXAGUSD Price Analysis – December 7 The shinning metal settled beneath the $24.50 level from the prior session into Monday’s European trading session with some modest declines. A sideways range is emerging as a result of Silver prices trading between the $26.00 and the $21.66 levels for the moment. XAGUSD prices trade under the $24.00 […]
Read moreNEO Price Analysis – December 07 The breakout of the NEO price at the $19 price level may push the price to the previous high at $22 and a further increase in the bulls’ momentum may take the price higher to the $25 level. In case the bears prevail over the bulls, the support level […]
Read moreKey HighlightsEthereum fluctuates between $560 and $620Ether is expected to reach a high of $680 if the price breaks the $620 resistance Ethereum (ETH) Current StatisticsThe current price: $598.60 Market Capitalization: $68,151,928,546Trading Volume: $12,000,109,790Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis December 7, 2020Following its failure to break the […]
Read moreKey Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 uptrend is trading below level 30000. On November 10 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the index will rise and reverse at level 1.272 […]
Read moreXRP/USD Market December 06 The breakout at the $0.55 price level will make the coin continue its bearish trend towards the support level of $0.49 to $0.44 which may extend to $0.39. The penetration of the $0.63 level upside will trigger the continuation of the bullish trend towards $0.73, $0.79, and $0.88 price levels. Key […]
Read moreResistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 is in an upward movement since November 2. The share has reached the overbought region of the market. On November 11, a retraced candle body tested the 78.6% Fibonacci retracement level. The index will rise and reverse at level1.272 […]
Read moreThe dollar index finally resumed its medium-term downtrend from 102.99 last week and hit a low of 90.47. While the daily moving averages are showing signs of accelerating downward movement, the RSI indicates that the DXY is already deeply oversold. There is the prospect of some support at the psychological 90 level, which coincides with […]
Read more
