Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY uptrend is ongoing even though the stochastic has indicated an overbought condition of the market. The Yen has resumed a fresh uptrend at the low of 148.52. The Yen will continue to rise as the Relative Strength Index approaches […]
EUR/USD found strong support right above 1.17 psychological level and now it has turned to the upside. Technically, a temporary rebound could be natural after the most recent massive drop. Still, you should be careful as the US NFP, Unemployment Rate, and the Average Hourly Earnings could bring high volatility later today. EUR/USD rallies in […]
Key Resistance Levels: $40, $42, $44Key Support Levels: $30,$28,$26 Polkadot (DOT) Price Long-term Trend: RangingFor the past week, the DOT price has been rising towards the $40 overhead resistance. Today, the brief uptrend has reached bullish exhaustion. The overhead resistance is resisting a further upward move. The crypto will eventually fall because of the resistance […]
BNBUSD Price Analysis – April 02 In case the buyers were able to push the price above the resistance level of $364 and the daily candlestick close above the level, then, the price may increase further to test the $410 and $485 resistance level. Inability to break up the resistance level of $364, the bearish […]
Key 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 […]
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. […]
AUDUSD 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 […]
EUR/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 […]
Key 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 […]
