GBPJPY Price Analysis – August 9 In the prior session, GBPJPY consolidated around 138.50 marks, that said, while increasing trend patterns indicate some possible downside correction may be temporary. The Bank of England delivered Britain’s economy a remarkably positive assessment which may fuel confidence that the sector may see more trend progress this week. Key […]
2020 has been quite a year unto itself so far. The COVID-19 pandemic has ravaged entire countries and forced millions into a state of lockdown. Even now as countries struggle to reopen their economies, the specter of COVID-19 still looms on the horizon. Australian, Japan and Hong Kong are amongst the latest countries that have […]
BNBUSD Price Analysis – August 08 In case the sellers were able to push the price below the demand level of $21 and the daily candlestick close below the level, then, the price may decline further to test $20 and $18 demand level. Inability to break down the demand level of $21, the bullish trend […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP is fluctuating between levels 3200 and 3400 since July. The bulls and bears are yet to break these key levels of the market. Today, price is testing the resistance at level 3400. A downward move to […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: RangingJapan 225 is range-bound between levels 22000 and 23000. The price has partially broken below the support level in early August. Buyers pushed price into the range-bound zone from the support line. The index rose to the middle of […]
EURJPY Price Analysis – August 8 In the prior session, EURJPY’s rally reached new highs near level 125.58. Nevertheless, the step was insufficient and facilitated the existing correction lower to sub-125.00 levels. Given the continuing correction, incremental improvements stay well on the radar and bolstered by the broader risk complex change. Key LevelsResistance Levels: 128.67, […]
USDCHF Price Analysis – August 7 The USDCHF pair is rising on Friday for the second day in a row, moving away from the lowest level it has reached at 0.9050 level in five and a half years. The pair further recovers as buyers search for entry beneath 0.9181 level. The greenback posts mixed results […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: RangingUSD/JPY was earlier in a downward move but risen to the range-bound zone. The Yen is facing rejection at level 106.00 as price resumes consolidation below the resistance. The earlier downtrend has been terminated as price resumes sideways move. Daily […]
Key HighlightsLitecoin bulls battle the resistance at $60The coin will reach its price at $65 if the resistance is breached Litecoin (LTC) Current StatisticsThe current price: $59.70Market Capitalization: $3,891,374,129Trading Volume: $2,319,180,382Major supply zones: $70, $80, $90Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis August 7, 2020Litecoin is in a sideways move below the […]
