GBPJPY Price Analysis – October 18 GBPJPY tends to have been capped at 136.62 level around the upside horizontal barrier after attempts to drive higher were curtailed on the daily chart by the moving average of 5 and 13. The pair is edging sideways as the trend has been taken by horizontal traction. Key LevelsResistance […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD resumes upward move but faces resistance at level 0.6800. Buyers are resuming a fresh uptrend at the 0.6545 support level. The pair will move up to retest the 0.67000 price level. Daily Chart Indicators Reading:The Kiwi has risen to […]
Veterans of the markets generally agree that trading is largely psychological. That is one of the reasons why a trader with suboptimal strategy will trade profitably and another trader with a good strategy will be making losses. The method one trader uses to trader their way to financial freedom is what another trader uses and […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: RangingJapan 225 is fluctuating between levels 22800 and 23600. On October 8, the index reached a high of 23723 but was resisted. For the past week, the market has been on a downward move. However, the range-bound levels have […]
EURJPY Price Analysis – October 16 EURJPY is accelerating from a low of around 123.00 as upside potential prevails over sellers for another session on Friday. The cross has so far managed to hold above the 123.00 level. Given the uncertainty, it would be a mistake to set an end date for the response to […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP is range-bound between levels 3200 and 3400 since July. The index is falling as it faces rejection at the upper price range. That is, a downward movement of the index is expected. The index may retest […]
USDCHF Price Analysis – October 16 USDCHF hovered around its weekly highs while maintaining an upward trend above the 0.9100 average, although there were no strong subsequent purchases. During the European session on Friday, the pair hovers around the daily high of 0.9162, which is currently down 0.10% to hit 0.9134. Key LevelsResistance Levels: 0.9600, […]
BNBUSD Price Analysis – October 16 The pullback is ongoing and the price may continue the bullish trend towards the resistance levels at $33 and $35 in case the $31 price level does not hold. Further increase in the bears’ pressure may break down the $29 price level which may decline to $26 and $24 […]
Key HighlightsLINK faces another rejection at $11.81 as it resumes downtrendLINK may slump to level $9.33 Chainlink (LINK) Current StatisticsThe current price: $10.50 Market Capitalization: $3,673,518,965Trading Volume: $1,213,763,942Major supply zones: $18.00, $20.00, $22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis October 16, 2020LINK downtrend was partially interrupted on October 7, when the coin rebounded […]
