EURJPY Price Analysis – July 16 On the strength of a mild selling tendency in the yen, EURJPY regains losses at the close of the week after recent pullbacks. Recovering past the 130.00 handles the overall sentiment for the cross is considered positive. The dollar continues to rise against the backdrop of improving US yields, […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polka dot (DOT) Price Long-term Trend: BearishPolkadot’s (DOT) price has resumed selling pressure as bears broke the previous low at level $13.09. The altcoin has fallen to level $12.26 but may reach the low of $9. The market is showing signs of reversal of the current […]
BNBUSD Price Analysis – July 16 When the bulls gain more pressure to push the daily candle above the $311 resistance level, the price may soar to $364, penetrate it, and test the $420 resistance level. Should there be a breakdown of the support level of $254, then $196 and $147 support level may be […]
There was a report by the Reserve Bank of New Zealand that stated that it has effectively reduced its 100 billion New Zealand Dollar Covid-19 stimulus bond purchase program with immediate effect. This report made the New Zealand Dollar, (affectionately known as the Kiwi Dollar), increase in value. It is believed that this will eventually […]
A POSITION TRADING STRATEGY FOR CRYPTOSAs it has been said before, the best way to make money from viable cryptos is to buy and hold them forever, since investments that are worthwhile are also investments that appear in your will. Apart from a ‘buy and hold’ method of investing, there are other ways to make […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishXAUUSD upward move is facing rejection at the $1,834.19 high. On June 18, the XAUUSD fell to the $1,764 support. Gold price retested the support before the upward move. Gold is facing rejection because the market has reached the overbought […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishUSD/JPY is in an upward move. On July 2, the upward move has been terminated at level 111.00. The Yen fell to level 109.60 and resumed upward. In the first rejection in March, the currency pair plunged to level 107.50. […]
AUDUSD Price Analysis – July 15 During the early North American session, the AUDUSD pair kept its offered tone, plunging underneath the mid-0.7400 level. The USD benefited from the risk-off sentiment, which added to intraday selling. Following a spike in COVID-19 infections, the Australian state of Victoria was forced into a lockdown on Thursday. Key […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishDogecoin (DOGE) has continued its downward move. The selling pressure resumes after the upward correction was terminated at the $0.29 high. On June 21, the coin has earlier fallen to the low of $0.1650 as bulls bought the dips. The market is […]
