EURJPY Price Analysis – February 21 The single European currency rose 88 basis points or 0.73% against the Japanese yen in the previous session. After two consecutive sessions showing strong growth, EURJPY is now losing some momentum amid JPY bulls. Key Levels Resistance Levels: 122.37, 122.87, 121.00 Support Levels: 119.99, 117.08, 115.83 EURJPY Long term […]
XAUUSD Price Analysis – February 21 Gold resumed its advance at the beginning of the European session on Friday and jumped to new seven-year peaks, reaching $ 1,636 level. The spread of coronavirus is also of concern, as it has strongly affected investor sentiment and triggered a new wave of trade to avoid risk. Key […]
Key Resistance Zones: $60, $70, $80 Key Support Zones: $40, $30, $20 XMR/USD Long-term Trend: Bullish On February 15, the bulls reached a high of $96. The upward move was hindered because the coin has reached the overbought region of the market. XMR could not rise in the overbought region because of the unavailability of […]
Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bearish Recently, Bitcoin Cash achieved 90% gains from the bear market after it reached a high of $495. Unfortunately, the bulls were resisted as the coin was in the overbought region of the market. In the overbought region, buyers […]
AUDUSD Price Analysis – February 20 The AUDUSD pair added to its intraday decline and fell to new multi-year lows, around 0.6620 regions during the late European session on Thursday, while the price stayed systematic, but the rate of the FX pair’s decline accelerated. Key Levels Resistance Levels: 0.7085, 0.6850, 0.6750 Support Levels: 0.6620,0.6540, 0.6479 […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Undeniably, the bulls made two unsuccessful attempts at the $10,200 and were repelled. Bitcoin traded and fell to the low of $9,600 after the first failed attempt. The bulls pulled back and retested the $10,200 overhead resistance. […]
USDWTI Price Analysis – February 20 Black gold expanded the latest recovery momentum in the Asian session and renewed a three-week high of $ 54.08, reporting a slight increase at $ 53. In European trading this Thursday, as sentiment was raised due to concerns about interruptions in supplies, and decreased Coronavirus spread amid China’s preventative […]
Key Resistance Zones: $3.0, $3.50, $4.0 Key Support Zones: $2.50, $2.0, $1.50 QTUM/USD Long-term Trend: Bullish In its recent bullish move, QTUM reached a high of $3.0 but was resisted. The pair was resisted because it reached the overbought region of the market. Buyers are unavailable in the region to push the coin upward. Instead, […]
GBPJPY Price Analysis – February 19 The GBPJPY cross increased to fresh monthly highs, within the mid-143.00 levels, in response to higher-than-expected UK consumer inflation data. The movement may then set the scene for the expansion of the recent positive momentum of the pair. Key Levels Resistance Levels: 148.66, 147.95, 144.60 Support Levels: 140.83, 135.49, […]
