GBPJPY Price Analysis – November 29 GBPJPY is faced with sellers’ pressure as it stays depressed beneath the 139.00 level and ended the prior session at the lows around the 138.28 regions. The pair dumps after being weighed by the ongoing uncertainty about the Brexit negotiations adding negative pressure to the pound sterling. Key LevelsResistance […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 is in an upward movement since November 2. The share has reached the overbought region of the market. On November 16 and 25, the candlesticks possess long wicks. These candlesticks indicate that there is strong selling pressure at a […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD is in an upward move but faces resistance at level 0.6800. The resistance at level 0.6800 has been breached. The Kiwi has continued to rise and it is approaching the high of level 0.7000. Daily Chart Indicators Reading:The Kiwi […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY pair has been in a downward move since June. The price has been making a series of lower highs and lower lows. On November 18, downtrend, a retraced candlestick tested the 61.8% Fibonacci retracement level. It indicates the […]
Risk management is a crucial topic when it comes to forex trading. Every forex trader wants to minimize losses and maximize profits from each trade. Many traders lose money not because they lack knowledge or have no experience in the market, but due to poor risk management. The right risk management strategy is critical if […]
BNBUSD Price Analysis – November 27 The breakdown of the support level of $26 may push down the price to the September low which is the $22 level provided the $26 and $24 price level do not hold. In case the support level of $26 holds, the price may reverse and face the resistance levels […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP has been fluctuating between levels 3200 and 3400 since July. The price has risen to the upper price range. In a ranging market, the price will retest the upper and lower price range to resume the […]
Key HighlightsThe coin rallies to $16 highLINK crashes to $11.40 Chainlink (LINK) Current StatisticsThe current price: $12.44Market Capitalization: $4,897,406,689Trading Volume: $1,714,986,757Major supply zones: $18.00, $20.00, $22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis November 27, 2020Since on November 16, the bulls broke the $13 resistance and rallied to a$16 high. The uptrend was […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 rebounded above level 23200 to resume its rally. On November 16 uptrend, a retraced candle body tested the 78.6% retracement level. This implies that Japan 225 will rise to level 1.272 Fibonacci extensions and reverse. That is […]
