EURUSD Price Analysis – November 19 Following upside rejections, EURUSD broke under and tests the low level at 1.1816 level creating a fresh buying opportunity at 1.1800 to 1.1816 range. The unremitting advance of the pandemic and its impact on the growth prospects of the euro area boost dollar gains on lockdown fears. Key LevelsResistance […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishThe AUD/JPY pair is in a downward ward move after retesting level 77.00 twice. After the breakdown, the pair retested level 76.50 and resumed the downward move. The selling pressure has continued on the downside. Daily Chart Indicators Reading:The 21-day […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trends: BullishFrance 40 index is in an upward move. The index has fallen to level 4600 and resumed upward. On November 10 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. This indicates that the pair will rise […]
Key HighlightsEther breaks $480 high but fails to sustain the uptrendThe crypto has plunged to a $457 low and resumes correction Ethereum (ETH) Current StatisticsThe current price: $474.45Market Capitalization: $53,839,786,699Trading Volume: $17,955,518,416Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis November 18, 2020Today, Ethereum bulls have broken the $480 […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair has risen to level 1.0820 and it is facing resistance at the recent high. The recent high has not been broken since September. The price is fluctuating below the recent high. The downtrend will resume if price breaks […]
EURCAD Price Analysis – November 18 The common European currency has surged by 11 pips or 0.83% against the Canadian Dollar since the day’s start. The EURCAD pair tested the upper channel and breached beyond the horizontal barrier at 1.1550 level. Euro’s recent strength is also worth a note, while CAD is partly weighed down […]
XRP/USD Market November 18 The increase in price to break up the key resistance level of $0.30 may increase the price to $0.33 and $0.36 resistance levels. On the other hands, the penetration of $0.26 downside may decrease the price to $0.25 and $0.23 levels Key Levels: Resistance levels: $0.30, $0.33, $0.36 Support levels: $0.26, […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD has been in a downward move. Since September, the price has been correcting upward to break level 1.340. However, the bulls are finding penetration difficult at the recent high of level 1.340. The bulls are buying the dips as […]
Trading is difficult at the best of times. The bulls and bears which dominate market movements are often difficult to predict. This invariably highlights the need for accurate forecasting and analysis vis-a-vis volatility, pricing, and demand. The world’s most actively traded market – currencies – eclipses stocks trading by a huge margin. Estimates suggest that […]
