Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingThe pound has been in a sideways move since December. Today, the Pound is rising as it fell to level 0.8993. The price action is also choppy. The pound is not trending and the direction is not discernible. Daily Chart […]
Read moreGold (XAU/USD) traded with on a bullish momentum in the early European session on Monday, as it rebounded by over $35 from a low level not seen since early December last year. The intraday rebound was triggered by the risk-averse mood sweeping across markets, which tends to bolster demand for the precious metal. Growing concerns […]
Read moreEURUSD Price Analysis – January 11 The US Dollar upside correction is gaining traction with the EURUSD pair testing a low level at 1.2166 reflecting a loss of upside momentum as the market registers the lowest level in two weeks. The EURUSD pair has been plunging alongside with increase in US Yields. Key LevelsResistance Levels: […]
Read moreXAGUSD Price Analysis – January 11 Silver plunges to $24.34 level, down 1.25% during the early European session trading on Monday. The metal has been pressured for the last four days and is currently in a rebound from the $24.50 horizontal level. Meanwhile, a sustained downside breach will empower the sellers to increase pressure on […]
Read moreNEO Price Analysis – January 11 When the bears increase their momentum $19 support level may turn to a resistance level and the price will target $15 and $13 support levels. In case the dynamic support level prevents further price decrease, then, uptrend movement may continue and the price will be looking forward to $22, […]
Read moreAll global investors were in risk search mode in the first full week of 2021. This came despite all the headlines about a surge in coronavirus infection and deaths, a return to lockdown, chaos in Washington, and Joe Biden’s certification as President-elect of the United States. The dollar did not perform well, but surprisingly there […]
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Fundamentally speaking I like the upside in Gold A LOT. With this Blue Wave coming in the US (Big Democratic Control) we are going to see a lot more social based bills passed and more liquidity injection, a.k.a QE. This will kick the US Dollar down and metals, all safe heavens like the Yen actually, […]
Read moreKey HighlightsEthereum fluctuates between $1,100 and $1,300Ethereum slumps to $1,020 low and pulled back Ethereum ETH) Current StatisticsThe current price: $1,124.16Market Capitalization: $127,550,407,568Trading Volume: $43,661,698,649Major supply zones: $1,100, $!,200, $1,300Major demand zones: $600, $500, $400 Ethereum (ETH) Price Analysis January 11, 2020Today, Ethereum has plunged to $1,020 low and pulled back. It appears the selling […]
Read moreOur short trade idea form last week is running great but at today’s open price started to trade down to a massive key level in the short term. The 141.60 is the end of wave 1 AND wave 4 in the former bullish structure that we traded the reversal on. This means that there will […]
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