EURJPY Price Analysis – December 6 The mood of selling around the single currency coupled with renewed demand for the JPY is pulling the EURJPY to daily lows past the level at 120.40. Sellers have now regained control over the sentiment surrounding the single currency, all against the backdrop of a moderate recovery in the […]
AUDUSD Price Analysis – December 5 AUDUSD has continued to lose ground during the middle of the European session and is currently near its lower daily range, around the 0.6830-25 levels. While increasing the risk of reversal, its weak momentum and reversing the trend from the overbought zone, adds to the negative signals. Key Levels […]
Key Resistance Levels: $70, $60, $50 Key Support Levels: $50, $40, $30 LTC/USD Price Long-term Trend: Ranging Recently, Litecoin is in a bearish market as it fell to a low of $42 and resumed consolidation above it. In retrospect, LTC broke the downtrend line and rally above $60. The uptrend was short-lived as the price […]
GBPJPY Price Analysis – December 4 The British pound had recovered during Wednesday’s trading session, the British pound broke out against the Japanese yen, exceeding the horizontal limit zone on the level at 141.57. Because of this, the pair may continue to trend higher. Key Levels Resistance Levels: 148.66, 146.57, 143.52 Support Levels: 140.83, 135.49, […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 DASH/USD Price Long-term Trend: Bearish DASH is in a falling bullish wedge pattern. A falling bullish wedge opens wide at the top while it contracts as the price move lower. DASH has a similar pattern as the price fell from a lower high […]
USDCHF Price Analysis – December 3 The USDCHF pair recorded subsequent selling on Tuesday and plummeted to a low of almost fourteen days, underneath the level at 0.9900 in the most recent hour. Key Levels Resistance Levels: 1.0231, 1.0126, 1.0027 Support Levels: 0.9841, 0.9798, 0.9659 USDCHF Long term Trend: Bullish If the FX pair price […]
Key Resistance levels: $12, $14, $16 Key Support Levels: $6, $4, $2 NEO/USD Price Long-term Trend: Bearish NEO is presently falling as a result of its inability to hold above the $12 resistance level. The bulls made attempt twice at the $12 resistance but were repelled. The price drops to the low of $8.90 and […]
EURUSD Price Analysis – December 2 Based on the early price action and the current price on the level at 1.1026, the direction of the EURUSD exchange rate for the rest of Monday’s session is likely to be determined by the trader’s reaction to the downward trend scenario. Trading 21 pips lower after the open, […]
Key Resistance levels: $0.09, $0.10, $0.11 Key Support Levels: $0.06, $0.05,$0.04 XLM/USD Long-term Trend: Ranging On November 22, XLM fell to a low of $0.053 and commenced a sideways move. The downtrend was as a result of an unsuccessful attempt to break the $0.080 overhead resistance by the bulls. Today, XLM is still fluctuating above […]
