Key Resistance Levels: $70, $60, $50 Key Support Levels: $50, $40, $30 LTC/USD Price Long-term Trend: Ranging Today, Litecoin is consolidating above $44 after falling to a low of $42. In retrospect, the bearish impulse in September reached the low of $55 and commenced a sideways move. The price corrected upward but was resisted at […]
USDCHF Price Analysis – December 10 The USDCHF has now fallen to its weakest level since November 4 near the low at 0.9851 level, which is the target. Falling for the second consecutive session on Tuesday, the pair remained under strong supply, dropping to new monthly lows, near the mid-level of 0.9800 level in the […]
EURUSD Price Analysis – December 9 The euro is trying to build bullish momentum against the US dollar after the sellers failed to keep the pair below the support level 1.1053 with gain towards the level of 1.1077. The pair rose slightly during Monday’s trading session, showing signs of life. At this point, the market […]
GBPUSD Price Analysis – December 8 The British Pound erupted during the previous trading week, and broke above the 1.30 level, with buyers controlling its momentum. This, of course, aided a little more certainty with the upcoming UK elections. GBPUSD hit 1.3099 level then rebounded to end the session drifting about 1.3135 level. Key Levels […]
Key Resistance levels: $225, $250, $275 Key Support Levels: $150, $125,$100 ETH/USD Long-term Trend: Ranging A few days ago, the bulls were making frantic efforts to push Ethereum back to the range-bound zone. The market reached a high of $157 and tumbles again. Consequent upon that the coin is fluctuating below the range-bound zone. In […]
EURJPY Price Analysis – December 6 The mood of selling around the single currency coupled with renewed demand for the JPY is pulling the EURJPY to daily lows past the level at 120.40. Sellers have now regained control over the sentiment surrounding the single currency, all against the backdrop of a moderate recovery in the […]
AUDUSD Price Analysis – December 5 AUDUSD has continued to lose ground during the middle of the European session and is currently near its lower daily range, around the 0.6830-25 levels. While increasing the risk of reversal, its weak momentum and reversing the trend from the overbought zone, adds to the negative signals. Key Levels […]
Key Resistance Levels: $70, $60, $50 Key Support Levels: $50, $40, $30 LTC/USD Price Long-term Trend: Ranging Recently, Litecoin is in a bearish market as it fell to a low of $42 and resumed consolidation above it. In retrospect, LTC broke the downtrend line and rally above $60. The uptrend was short-lived as the price […]
GBPJPY Price Analysis – December 4 The British pound had recovered during Wednesday’s trading session, the British pound broke out against the Japanese yen, exceeding the horizontal limit zone on the level at 141.57. Because of this, the pair may continue to trend higher. Key Levels Resistance Levels: 148.66, 146.57, 143.52 Support Levels: 140.83, 135.49, […]
