EURJPY Price Analysis – March 6 EURJPY prolongs the downward movement for the second session in a row on Friday, escalating after breaking beneath the key level of 118.87. In general, the exchange rate may continue to decline during the next trading session. Against this background, the cross faces the next price level of relevance […]
XAUUSD Price Analysis – March 6 Gold has taken another step forward, and buyers are now firmly sitting behind the wheel, while the price remains on the path of expansion above the level of $ 1,690. An intensive flight to a safe place on Friday continues to increase demand for traditional safe-havens such as US […]
Key Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bearish Australia 200 is currently in the downtrend after a sharp fall. The sharp fall was caused by the bulls while trying to break the resistance at 7200. In the process of breaking the resistance, a bearish double […]
Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Bitcoin Cash bounces at the current support of $320 as the market reaches a high of $339. The current support of $320 is holding because the selling pressure has been exhausted. BCH has earlier fallen into the oversold […]
AUDUSD Price Analysis – March 5 At the time of the writing, AUDUSD flashes red as it seemed to struggle to gain any significant traction, although it was able to hold its neck comfortably above the 0.6550 marks. A fresh wave of global risk-aversion trade weighed on the perceived riskier currency Aussie and contributed to […]
AUDUSD grapples to extend recent recovery amid weaker bulls At the time of the writing, AUDUSD flashes red as it seemed to struggle to gain any significant traction, although it was able to hold its neck comfortably above the 0.6550 marks. A fresh wave of global risk-aversion trade weighed on the perceived riskier currency Aussie […]
USDWTI Price Analysis – March 5 OPEC members rallied to discuss a reduction of 600,000 barrels per day (BPD) of oil production to raise crude oil prices, affected by global demand problems caused by a coronavirus. In general, the product is traded at the bottom of its range, and any drop below $47.00 may lead […]
GBPJPY Price Analysis – March 4 The price is moving south with a positive momentum of selling, while the pair’s inability to record any significant recovery from the important merger area near the 137.00 level suggests that the recent selling pressure may still be far from stopping. While the market fear of coronavirus (COVID-19) continues […]
Key Resistance Zones: 5900, 6000, 6100 Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Bearish France 40 index has been in an uptrend since 2019. The market reached a high of 6100 in its upward move. The bulls attempted to push above the overhead resistance but were unable to do so. France […]
