NEO Price Analysis – January 04 Further increase in the bulls’ momentum will place the price at the $19 resistance level. The breakup of the just mentioned level will expose the price to the $22 and $25 resistance levels. Below the current price level of NEO are support levels at$15, $13, and $12. NEO/USD Market […]
Read moreBitcoin (BTC) traded haphazardly earlier today, after sharply dropping by $5,800 in just a few hours, after which it recovered modestly. The decline caused the cryptocurrency to fill the recent CME gap at $29,000. The Chicago Mercantile Exchange (CME) allows institutional investors to trade BTC on a more regulated platform. However, this platform is open […]
Read moreThe AUD/NZD traded on a sideways momentum in the mid-European session, amid renewed market risk appetite. This year, the Aussie and the Kiwi are expected to perform positively, as they would be bolstered by several factors, mostly hinging on the Coronavirus. Both Australia and New Zealand have shown efficiency in nipping the spread of the […]
Read moreKey Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair has been rejected at level 1.0850 and has fallen to the low at 1.0846. The bulls have bought the dips but were overwhelmed by the bears. The price is above the support of the 21-day SMA. The pair […]
Read moreKey Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe pound has been in a sideways move since December. Today, the Pound is moving upward after falling to the low of level 0.8942. It is unclear whether the upward move will continue as the price continues to fluctuate. Daily […]
Read moreNear-zero interest rates and a bolstered economic outlook amid improving COVID-19 vaccine rollout has caused the US dollar (DXY) to slide even further, boosting demand for gold (XAU/USD). China’s Renminbi grew by about 1% in the early Asain session on Monday, as the USD/CNY falls below a 30-month low for the first time. The Chinese […]
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The GU is testing and rejecting a massive level in historic price action. The 1.3670-1.3680 is the lows of February 2018, level that after price broke to the downside the Pound went on a -16.80% move (-2300 pips) until it bounced from the 1.14 level back in March 2020. Prime Minister Boris Johnson just commented […]
Read moreEURUSD Price Analysis – January 4 EURUSD continues to rally in an attempt to break higher as bears and bulls tussle around 1.2300. The dollar is losing ground before the opening of the American session. The number of new covid variants registered and the slow spread of the vaccine together with the early elections in […]
Read moreETH crashed 24.3% from the highs around 1170 to retest and reject the 900 level inside a flag hitting short term sell targets and creating bullish divergence at the bottom. Possibilities for a long continuation are in play if the immediate structure breaks This level is physiologically important but also the level that supported price […]
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