The balanced RBA minutes do not provide much assistance to the AUD. The strongest currencies are still the yen and the Swiss franc, but the dollar is catching up versus other currencies. Currently, negative risk sentiment continues to support the Swiss Franc and the Yen, as the Dollar tries to catch up. Commodity currencies remain […]
EURCHF Price Analysis – August 6 EURCHF bearish campaign has progressed after bulls failed to hold above the 1.08250 key level. The market has been in a downtrend for months since the 4th of March 2021. The bearish campaign can be described as slow and steady as price has been moving down in an undulating […]
EUR/USD drops right now only because the Dollar Index stays higher. DXY’s further growth could force the pair to resume its drop. The pair has found temporary support and now it’s fighting hard to stay above the weekly pivot point (1.1768). The US Retail Sales is expected to drop by 0.2% in July versus 0.6% […]
ADA Price Analysis – August 17 Bullish trend may continue when the buyers, gain more momentum, the resistance level of $2.0 may be penetrated upside, the price may increase to $2.3 and $2.5 resistance levels. In case the bears exert more pressure, price direction may change to $1.8, $1.6 and $1.4 support levels. ADA/USD Market […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD pair is still falling. The pound has been falling from level 1.4000. Further downsides are likely as the pair faces rejection from level 1.3840. Meanwhile, on June 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. […]
Key Highlights BCH has rallied to $710 highPresently, BCH has fallen to $672 low Bitcoin Cash (BCH) Current StatisticsThe current price: $676.99Market Capitalization: $14,214,893,198Trading Volume: $2,713,833,042Major supply zones: $700, $720, $740 Major demand zones: $250, $230, $210 Bitcoin Cash (BCH) Price Analysis August 16, 2021 Bitcoin Cash (BCH) price is making a series of higher […]
AUDJPY Price Analysis – August 16 A successful AUDJPY break and retest strategy would move the price to higher levels. The market had also executed this strategy when it was falling off the 82.900 price level. Price had been knocking down on this level for 95 trading days before the market fell, eventually on the […]
With Australia’s lockdowns being prolonged, the AUD remains weak. As the number of cases continues to climb, Sydney, Melbourne, Canberra, and Darwin remain under rigorous limitations. Australia is vulnerable to the highly contagious Delta form since just 26% of people over the age of 16 have been properly vaccinated. Today was the bloodiest day of […]
Bitcoin SV Price Analysis – August 16 When bullish momentum increases, it may break up the barrier at $185 level and the key resistance level at $217 may be tested, further increase may push it to $233. A bearish opposition at $185 level may reduce the price to the support level of $148 and the […]
