“Once you take the desire to make money out of your trading and put in the desire to do what good traders do, your mindset shifts and allows you to make more good decisions.” – Craig Cobb A Step Between Penury and SolvencyAlan (names in this text have been changed) has reached the end of […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: RangingUSOIL is in a sideways move. For the past three days, the crude oil has been in an upward movement. The upward move is facing resistance at the recent high. WTI price is above the moving averages which suggests a possible rise […]
EURJPY Price Analysis – April 16 Since the day’s start, the EURJPY has been in a rangebound action above the 129.97 level, despite alternating risk aversion patterns and declining yields in the US bond market. The currency pair tested the 130.54 high during Friday’s trading session. Key LevelsResistance Levels: 131.98, 131.00, 130.66Support Levels: 129.56, 128.29, […]
Russel 2000 index trades at 2257.85 at the time of writing and it seems ready to jump higher after invalidating a larger correction. The rate moves in a narrow range in the short term flirting also with a dynamic resistance. Technically, the index could validate a further upwards movement soon if it takes out the […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BearishGBP/JPY is in a downward move after its rejection at level 153.00. The pair has fallen and broken below the 21-day SMA and it is approaching the 50-day SMA. The selling pressure will resume if price breaks and closes below […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: RangingFor the past week, DOT price has been in a sideways move after its rejection at the $46 high. Today, the Polkadot is in a downward correction as price fluctuates between levels $38 and $44. In the previous week, buyers pushed […]
BNBUSD Price Analysis – April 16 In case the sellers were able to push the Binance Coin below the support level of $503 and the daily candlestick close below it, then, the price may decrease further to test the $420 and $364 support level. Inability to break down the support level of $503, the bullish […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold has been fluctuating between levels $1,680 and $1,740 for the past month. Today, XAUUSD has broken above the upper price range. If the current bullish momentum is sustained, the uptrend will continue. Daily Chart Indicators Reading:The gold price has […]
AUDUSD Price Analysis – April 15 During the trading on Thursday, the AUDUSD regained a positive bias for the 2nd day in a row, with investors now looking for a steady advance toward the 0.7800 levels. Several factors aided the trend, including upbeat market bias and a drop in US yields with a softer mood […]
