XAGUSD Price Analysis – November 16 Silver (XAGUSD) edges higher starting a fresh week, eyes beyond the $25 hurdle amid a broadly mild US dollar, and COVID-19 vaccine optimism. A sharp rally could be in the offing following a breach beyond $25, with a test of the critical $26 barrier inevitable. Key LevelsResistance Levels: $27.62, […]
NEO Price Analysis – November 16 Should the bulls push up the price above the resistance level of $16, then, the price may increase to $19 and $22 price level. In case the bears prevail and the price burst out at the support level of $13, the price will reduce to the $12 support […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 (US30USD) Long-term Trends: Bullish. The first uptrend was resisted at level 30000. The index retraced to level 28900 and resumed a fresh uptrend. A retest of level 30000 is likely. The index will […]
FTSE 100 (UKX) Medium-term Trend: BullishResistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is in an upward move since November 2. The current uptrend has reached level 6400. It is currently retracing. It is unclear the extent of the downward move. The upward movement will resume if […]
XRP/USD Market November 15 The price may reach the resistance level of $0.28 provided the bulls increase their pressure, in case the mentioned level does not hold the resistance level of $0.33 and $0.36 may be tested. Should the bears exert more pressure, the support level of $0.26 may be penetrated and the support levels […]
Coronavirus vaccine readiness news was the biggest market driver last week, reinforcing short-term risk sentiment. Subsequent price movements of the main world indices looked clearly corrective, creating the basis for further growth. The stock market has finally received the news it has been waiting for since the summer. Pfizer’s highly positive COVID-19 vaccine kicked off […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: Bullish The current uptrend was rejected by level 0.6900. It retraced to level 0.6835 and resumed a fresh uptrend. The Kiwi is likely to retest the 0.6900 resistance. The pair will make a further upward move if the current resistance is […]
GBPUSD Price Analysis – November 15 The GBPUSD pair is going into the weekly opening, trading a few pips beneath the 1.3200 level. Although the pair trades under the psychological 1.3200 level after having gained 80 pips to recover in the last session. The UK and the EU keep struggling to clinch a trade deal […]
GBPJPY Price Analysis – November 15 After GBPJPY breach beyond upside barriers around the 137.00 zone with a strong rally, the pair has begun a pullback which may gain traction beneath the 138.00 level in the next session. Although the sell-off has stalled as the pair hits near term correction levels at 137.50 level a […]
