Friday’s highly anticipated non-farm jobs report comes out at a somewhat awkward time; For the first time in six years, the April employment report falls on Good Friday, which means many major markets will be closed. As a result, readers who trade the forex or bond markets at their desks may see less liquidity than […]
Read moreKey Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: RangingGold is in a range-bound move. Since March 5, XAUUSD is fluctuating between levels $1,675 and $1,750. For the past month, these levels have remained unbroken. Gold has been trading marginally. Today, the Gold price has been rising to retest […]
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Natural gas is trading in the green at 2.660 trying to escape from a minor range. The price has broken above the downtrend line signaling that we may have a bullish reversal in the short term. The price action has signaled a potential growth, but we still need strong confirmation before taking a long position. […]
Read moreGoldman Sachs has announced that it will be offering its private wealth management clients exposure to Bitcoin (BTC), Bitcoin derivatives, other cryptocurrencies, and traditional investment vehicles. The bank noted that the new investment option would be available to its wealthy customers in the next three months. Clients will get educated about blockchain technology and the […]
Read moreAUDUSD Price Analysis – April 1 The AUDUSD pair plunges to the 4th day in a row low on Thursday after buyers repeatedly failed to breach beyond the MA 13 barrier around the mid 0.7600 level. The pair extends losses to 0.7531 low level as the upbeat US economic outlook capped gains for the AUDUSD […]
Read moreEUR/AUD trades at 1.5518 level and it seems determined to resume its growth after breaking above the downtrend line. The price printed a chart pattern in the short term, so an upside valid breakout may confirm upside momentum. The pair was into a corrective phase and not it could turn to the upside in the […]
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Key Support: 152.30 Key Resistance: 152.80 – 153.60 The GBPJPY has rallied 427 pips (+2.87%) since mid last week and yesterday it broke with the previous highs at the 152.45 mark without too much momentum. During the Asian session price was trading ranging in a 50 pip range and retested the previous highs at the […]
Read moreKey Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY has continued its upward move. Presently, the Yen has risen to level 110.96. The uptrend is reaching bullish exhaustion. On March 10, a retraced candle tested the 78.6% Fibonacci retracement level. The retracement implies that the Yen will […]
Read moreUniswap Price Analysis – April 01 In case the resistance level of $29 do not hold, the resistance level of $34 and $39 may be tested. If the resistance level of $29 hold, the price will continue its bearish trend towards the support level at $24, $21 and $17. UNI/USD Market Key Levels: Resistance levels: […]
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