Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie moved up and retested level 1.2900. It indicates that the pair is likely to fall. On December 16 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair will fall to […]
GBPJPY Price Analysis – January 6 The GBPJPY pair edged higher through the first half of the European session and refreshed daily highs, around the 140.49 regions in the last hour. The underlying bullish tone undermined the safe-haven JPY and remained supportive as the focus shifts to Pound Sterling. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support […]
EURCAD Price Analysis – January 6 The EURCAD pair sustained its bid tone through the early part of the European session and was last seen hovering beyond the barrier at 1.5609 ends of its recent range. The Euro remained well supported and seemed rather unaffected by the dismal Eurozone data. Key LevelsResistance Levels: 1.6200, 1.5991, […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is in an uptrend. The upward move is facing resistance at level 22500. On November 24 uptrend, a retraced candle body tested the 88.6% Fibonacci retracement. This retracement indicates that the index is likely to rise and […]
ADA Price Analysis – January 05 Should the bulls further increase their momentum and push the price to the resistance level of $0.27, then, $0.34and $0.38 may be tested. In case the price is rejected at the $0.27 level, the price may reverse. The support level can be found at $0.24, $0.21, and $0.19 levels. […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move since June. The index is falling by making a series of lower lows and lower highs. On December 17 downtrend, a retraced candle body tested the 50% Fibonacci retracement level. The […]
Key HighlightsLitecoin rallies to $173 highThe crypto retraces and consolidates above $150 Litecoin (LTC) Current StatisticsThe current price: $155.53Market Capitalization: $13,041,184,466Trading Volume: $9,609,246,821Major supply zones: $120, $140, $160Major demand zones: $90, $70, $50 Litecoin (LTC) Price Analysis January 5, 2021Litecoin has retraced from $173 to $150 support. The crypto is consolidating above the current support […]
USDCHF Price Analysis – January 5 The USDCHF pair refreshed multi-year lows during the early North American session, with sellers now looking to extend the downward trajectory further below the 0.8793 low marks. The downtick was exclusively boosted by sustained US dollar selling as investors remain convinced about the likelihood of more US financial aid […]
S&P 500 Price Analysis – January 5 S&P 500 opened near 3706 levels, and it’s up at almost 0.50% intraday, during the European session on Tuesday. The index has recovered upside traction after the prior day’s low of 3663.4 level. The latest rally suggests the latest vaccine optimism may be among the market movers. Key […]
