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EUR/GBP Hovers Above Level 0.8740, Resumes Upward Move

Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishToday, the EUR/GBP has plunged to a low of level 0.8768. The pair has been trading marginally. The price fell to the support above level 0.8746 and it is holding. The pair will continue its downward move if the support […]

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NZD/USD Resumes Uptrend, May Retest Level 0.7300

Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishThe Kiwi is fluctuating between levels 0.7100 and 0.7300. The market is in consolidation within a confined range. The price is characterized by small body indecisive candlesticks. The Kiwi has been trading marginally as buyers and sellers are undecided about […]

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Ethereum (ETH) Price Analysis: Ether Slumps, Faces Rejection at $1,760 High

Key HighlightsEthereum bears break price range of between $1,640 and $1.760 Ether plunges to $1,500 as bulls buy the dips Ethereum ETH) Current StatisticsThe current price: $1,590.09Market Capitalization: $181,549,767,904Trading Volume: $40,117,939,936Major supply zones: $1,500, $1,600, $1,700Major demand zones: $600, $500, $400 Ethereum (ETH) Price Analysis February 7, 2020 Ether has plunged to $1.486.80 as bulls […]

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FTSE 100 (UKX) Reaches Bearish Exhaustion, May Reverse at Level 6259.30

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 has continued the downward move. On January 29 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement level indicates that the share is likely to fall to level 1.272 Fibonacci extension and reverse. That is […]

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GBPUSD Bulls’ Advance Unrelenting to 1.3800 As BoE Downplays Negative Interest Rate

GBPUSD Price Analysis – February 7 The GBPUSD pair has been holding onto its uptrend despite some range trading. The pairs bulls stay unrelenting to the 1.3800 high zones as the Bank of England downplays negative interest rates boosting the pound against the soaring US dollar. Key LevelsResistance Levels: 1.4345, 1.4000, 1.3800Support Levels: 1.3624, 1.3519, […]

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