AUD/USD drops like a rock in the short term after ending its temporary rebound. USDX’s further growth may force the pair to drop deeper. The USD has taken the lead again after the US CB Consumer Confidence jumped from 90.4 to 109.7 points beating the 96.9 expectations. The greenback needed a bullish spark from the […]
Key Resistance Zones: 33000, 33500, 34000Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: BullishUS Wall Street 30 is in an uptrend but it is facing resistance at level 33200. The index is also approaching the oversold region. On March 18 a retraced candle body tested the 78.6% Fibonacci retracement level. […]
EUR/CHF trades higher at 1.1064 level after retesting some immediate support levels. The pair escaped from a continuation pattern, so now is somehow expected to resume its swing higher. Still, we need confirmation before going long on this pair. The German Import Prices registered a 1.7% growth in February which is good for Euro. On […]
USD/CNH registered a new higher yesterday by closing at 6.5746 above 6.5625 former high. Technically, the pair tries to develop a new uptrend, a bullish reversal after breaking above the major downtrend line. The currency pair may resume its upside movement, the uptrend, if the US economic data continues to come in line with expectations […]
ADA Price Analysis – March 30 When the bulls are able to push up the price above $1.23 level, the resistance at $1.46 and $1.68 will be the target. Inability to break up the $1.23 level by the bulls may result to further price consolidation. The support levels below current price are found at $1.11, […]
USDCHF Price Analysis – March 30 The USDCHF upside move regained traction after a brief pause around 0.9380 level during Tuesday European session. The pair’s buyers are building on fresh momentum beyond the mid 0.9400 marks. The US dollar pushes higher as the US Dollar Index (DXY) rallies to fresh highs in the area above […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingEUR/CHF is in an uptrend. Presently, the pair is in a sideways trend. The sideways move became necessary because the uptrend is facing resistance at level 1.1150. In other words, the market is fluctuating between levels 1.1100 and 1.1150, On […]
Key HighlightsLitecoin faces rejection at the $196 highThe selling pressure is likely to resume on the downside Litecoin (LTC) Current StatisticsThe current price: $191.52Market Capitalization: $191.52Trading Volume: $3,350,073,388Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis March 30, 2021Litecoin price is falling after retesting the $196 resistance. The crypto […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishThe British Pound has been in a downward move after its rejection at level 1.4200. The pair has fallen and broken below the moving averages. The implication is that the selling pressure will persist. On March 5 downtrend, a retraced […]
