The Pound-Yen is retesting for the third time a key level at the end of a bullish structure. This structure has hit short term bullish targets at the top of the range printing an important bearish divergence. This level is very important because it was the level that held price for 90 days (Nov 2019 […]
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Price Analysis – January 08 Should the bears have enough momentum to break down the support level of $3.0, then, the price may test the $2.7 and $2.4 support levels. In case the bulls maintain their momentum, the resistance level of $3.7 and $4.4 may be reached. Key Levels: Resistance levels: $3.3, $3.7, $4.4 Support […]
Read moreKey Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trends: BullishAU200AUD is in a sideways move below level 6800. The index has been fluctuating between levels 6600 and 6800 since November 24. Australia 200 is likely to fall as it reaches the overbought region of the market. It is […]
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 has been in a sideways move since December. Today, the Pound is falling but in lower lows and lower highs pattern. The pound has made lower highs and it is falling. Perhaps it will fall and break below […]
Read moreKey HighlightsBCH has risen to a high of $480 but was repelledThe coin is fluctuating above the $440 price level Bitcoin Cash (BCH) Current StatisticsThe current price: $440.37Market Capitalization: $9,170,086,500Trading Volume: $8,131,869,629Major supply zones: $400, $420, $440 Major demand zones: $250, $230, $210 Bitcoin Cash (BCH) Price Analysis January 8, 2021Bitcoin Cash has broken above […]
Read moreThe dollar continues to recover, but it looks like there are no further purchases yet. It remains one of the weakest of the week along with Sterling. The Aussie and New Zealand dollar are also losing some of their gains this week. The US Senate and House of Representatives have confirmed the victory of President-elect […]
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 pair has risen to level 80.65. On December 31 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair is likely to rise to1.618 […]
Read moreMike McGlone, the Senior Commodity strategist at Bloomberg, asserted that Bitcoin (BTC) is a better investment than gold in January 2021. McGlone is one of the few mainstream analysts who are believers in Bitcoin. The analyst was bullish on BTC even during its bear market in 2018. In November 2020, McGlone correctly predicted that BTC […]
Read moreAUDUSD Price Analysis – January 7 The AUDUSD pair edged lower through the European session into the American session and registered daily lows around the 0.7725 zones in the last hour. The pullback was exclusively supported by a solid US dollar rebound and dragged the pair further below mid-0.7700s. Key LevelsResistance Levels: 0.8136, 0.8000,0.7800Support Levels: […]
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