Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishSince January 7, EUR/GBP has been falling and it has reached the low of level 0.8831. A retraced candle body tested the 61.8% Fibonacci retracement level on January 7. The retracement indicates that the pair will fall to level 1.272 […]
EURJPY Price Analysis – January 29 The common European currency has increased significantly for the 3rd day in a row against the Japanese Yen. At the back of renewed demand for the Euro, the upside momentum in EURJPY gained traction in the 125.00 zones while printing a high price past 127.00 in the present session. […]
USDCHF Price Analysis – January 29 After it rebounds from lows, the USDCHF pair has continued to attempt to break past the 0.8920 troughs while sustaining mild gains as buyers push stay capped. Moving on, a lack of major data and traders’ attention on equity news will be the key to determine near-term market direction. […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishAUD/JPY is now in an upward move. Since January 8, the pair has not been able to break the resistance at 81.00. The Yen has been trading below the resistance level. With each attempt at the resistance, the price would […]
The EUR/AUD traded on a very bullish momentum in the early European session on Thursday, as the prevailing market risk mood has sent the Aussie on a bearish spiral against other major currencies. Germany reported yesterday that the country’s Business Confidence has dropped from 92.2 in December to 90.1 in January. This decline has placed […]
AUDUSD Price Analysis – January 28 AUDUSD added to its intraday losses and fell to a weekly low below 0.7600 for the 2nd day in a row at the start of the European session. Heavy selling pressure around the AUDUSD pair intensified and knocked rates down to their lowest level in two weeks around 0.7591. […]
EURUSD Price Analysis – January 28 EURUSD came under downside pressure in the prior session but despite the recent price action the selling bias fades at 1.2100 in the present session. A row over vaccines is set to delay the eurozone’s recovery, however, there is more room for risk aversion. Key LevelsResistance Levels: 1.2300, 1.2240, […]
Key Highlights The biggest altcoin is facing rejection at $1400 highEthereum fluctuates between $1,000 and $1,400 Ethereum ETH) Current StatisticsThe current price: $1,253.22Market Capitalization: $143,539,379,138Trading Volume: $39,489,613,323Major supply zones: $1,500, $1,600, $1,700Major demand zones: $600, $500, $400 Ethereum (ETH) Price Analysis January 28, 2020 Ethereum upward move is threatened as it faces rejection at the […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishEUR/CHF has r downward move after testing level 1.0780. On January 18 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will fall to level 1.272 Fibonacci extension or level 1.0704. Daily […]
