GBPJPY Price Analysis – December 20 GBPJPY fell to a low of 139.31 and closed around 139.66 in the previous session. A dip below 140.31 pushed the pair to further losses as optimism about Brexit fades at the last minute. Against this backdrop, the risk tone weakens the previous upward momentum and could drop sharply […]
Name: Sir John TempletonDate of birth: November 29, 1912Nationality: British, Bahamian (and formerly American)Occupation: Investor, businessman, researcher, philanthropistWebsite: Templeton.org Life and CareerSir John Templeton was born in Winchester, Tennessee, USA. He went to Yale University (where he was an assistant business manager for campus humor magazine). He financed his own education by playing poker – […]
Bitcoin (BTC) ranks first in the ranking of the largest cryptocurrencies by market capitalization. Bitcoin originated in 2009 when it was launched. The Bitcoin whitepaper was released earlier on October 31, 2008, by Satoshi Nakamoto. Digital or virtual currencies are disruptive technologies that seek to disrupt ideas and technologies that are not just a few […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move since June. On November 23, a retraced candle tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair the Yen is likely to fall and reach level 1.618 Fibonacci extension level. […]
From the open on Sunday we had 2 possible scenarios on the NZDUSD. Both were long plays, with the first one being a retest of the bottom of the range at the 0.7060 level. This didn´t play out since the NU opened and rallied to the top of the range. The second scenario (as explained […]
Key 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 falling for the past three days. It fell to level 0.89800 and pulled back. The current support is having strong buying pressure. It appears the selling pressure has been exhausted. Daily Chart Indicators Reading:The 50-day and […]
The EUR/AUD traded on a bearish momentum in the European session on Thursday, as volatility across markets picks up. Negotiations between the European Union and the UK over a Brexit trade deal appears to be making good progress. However, both sides remain adamant over the fishery sector, a sensitive issue for both parties. Nonetheless, the […]
AUDUSD Price Analysis – December 17 The AUDUSD propels to a session high past 0.7620 during the European session while extending its four-day in a row winning traction. The US stimulus progress is responsible for the US dollar’s slide and may be mainly attributed to the optimism over the progress on a US $900 billion […]
EURUSD Price Analysis – December 17 The major European currency rose to a new 2020 high, surpassing 1.2220 during the London session, continuing its gains for four days in a row. A combination of supporting factors pushed the pair towards the 1.2200 marks, such as progress in stimulus talks and Brexit talks, which are responsible […]
