GBPUSD Price Analysis – December 22 This pair has already entered the sellers’ area and reached the horizontal area at 1.2978. The new week might push the correction in the cable to lead prices towards 1.3150 level. Consequently, there could be further depreciation in GBPUSD over the medium term. Key Levels Resistance Levels: 1.3700, 1.3600, […]
Key Resistance levels: $3.0, $3.50, $4.0 Key Support Levels: $2, $1.50, $1.0 LINK/USD Long-term Trend: Bearish Chainlink has fallen to $1.85 after being resisted at the $3.0 price level. In retrospect, Chainlink was in a bull market in June when it reached a high of $3.50. However, the bulls were resisted at the coin nosedived to […]
EURJPY Price Analysis – December 20 The single European currency may lose ground against the Japanese yen during the next trading session. The likely target may be at the 119.99 level. Once again, the EURJPY may be driven by the tone of risk over the US-China trade dispute in the absence of any news from […]
Key Resistance Levels: $0.09, $0.10, $0.11 Key Support Levels: $0.06, $0.05,$0.04 XLM/USD Long-term Trend: Bearish Stellar has sunk to the low of $0.042 after the bears broke the support at $0.050. XLM was previously trading in a price range between the levels of $0.050 and $0.090. XLM fell to a low of $0.042 and pulled […]
AUDUSD Price Analysis – December 19 AUDUSD buyers are setting a shorter upward bias but may run into trouble when the price approaches the key barrier again. After reaching a daily high of 0.6884 level, the pair entered the consolidation phase and last traded at 0.6868 level, adding 0.3% on the daily. Key Levels Resistance […]
Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125,$100 ETH/USD Long-term Trend: Bearish Finally, Ethereum tumbles to the oversold region after months of a sideways trend. Ethereum has one of the longest sideways trends. A market that is good for position traders. Earlier on the coin had been range-bound for four months between […]
GBPJPY Price Analysis – December 18 Since the trading session on Tuesday, the currency pair has fallen by almost 303 basis points against the Japanese yen. As for the near future, the GBPJPY exchange rate may recover on a cluster formed by the daily trend line at 143.07. If the cluster holds, a reversal is […]
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish Ripple has depreciated further and it is now trading at $0.18 at the time of writing. The price was previous fluctuating between the levels of $20 and $0.23. It was assumed in the previous analysis that if the bears […]
USDCHF Price Analysis – December 17 The USDCHF is adrift of its attractiveness in the past few hours and erases its daily gains to fall under pressure from the bitter market sentiment and wider greenback frailty. At the time of writing, the pair fell 0.03% on the day and at the level at 0.9811. Key […]
