USDCAD Price Analysis – August 4 USDCAD pushes up after employing the cup and handle formation. The market used this formation to effect a reversal in the market direction after a long period of downtrend movement which dates back to last year. Price kept making lower highs and lower lows consistently. This continued till the […]
EURCHF Price Analysis – August 3 EURCHF keeps falling after it breached another key support level at 1.08480. This has been the situation since price hit a two-year high at 1.11550 on the 4th of March 2021. The market had had to climb an uptrend line to get to that point. It was initially believed […]
NZD/USD is trading in the green at 0.7012 at the moment of writing. It has decreased a little today but the bulls are still strong as the DXY is bearish. The pair could register sharp movements during the week as the US is to release high-impact data. Technically, the price action has signaled that the […]
USDCHF Price Analysis – August 3 Following last week’s decline, the USDCHF is deepening its downward bias on Tuesday. The currency pair is currently trading at 0.9030, down 0.28 percent on the day. The Swiss franc has maintained its safe-haven status despite market volatility. The Consumer Price Index (CPI) in Switzerland grew to 0.7 percent […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: RangingGBP/USD pair has been in a sideways trend below 1.4200 overhead resistances. For the past three months, the pair has been making positive moves below level 1.4200. On July 30, the pair reached the high of 1.3979 and was repelled. […]
AUDJPY Price Analysis – August 1 AUDJPY downslides after falling through the 82.900 major support. The market had endured a spell of consolidation at the beginning of the year between the 80.760 and the 79.800 key levels. Thereafter, bulls gained strength to travel out of the consolidation. Price ascended till it was rejected at 84.980. […]
NZDUSD Price Analysis – August 1 NZDUSD is in danger of reaching new lows for the year as bears increase pressure on the 0.69510 – 0.69170 weekly support. The market has been knocking down on this weekly support for the past 30 trading days now. This bearish agenda is sustained by the 0.70570 resistance, which […]
Key HighlightsEthereum is in a smooth uptrendEther has a target price of $2,869 Ethereum ETH) Current StatisticsThe current price: $2,560.28Market Capitalization:$299,372,790,157Trading Volume: $20,159,580,566Major supply zones: $2,800, $3,000, $3,200Major demand zones: $2400,, $2,200, $2,000 Ethereum (ETH) Price Analysis August 1, 2021 Ethereum has been rising consistently on the upside. The upward move has been in a […]
XAGUSD Price Analysis – August 1 Silver has made another attempt to climb higher and has recouped some of its previous losses, but the XAGUSD pair still has a long way to go before the buyers are secure. As buyers observe the gap between central banks and mixed greenback over its peers during times of […]
