XAGUSD Price Analysis – May 16 At the end of the prior session, the white metal turned positive away from weekly lows of $26.72 and shot to two-day highs, around $27.48 level. XAGUSD trend appears to be stacked in favor of buyers, implying that further advances are likely. Following worse-than-expected US results, the dollar fell […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingPresently, NZD/USD is an upward move. The Kiwi is rising on the upside. The uptrend is approaching the resistance at 0.7300. Since April 28, the pair has been fluctuating between levels 0.7150 and $0.7300. However, the overhead resistance at level […]
Key HighlightsEthereum retraces and finds support above $3,600The upward move is facing rejection at $3,900 Ethereum ETH) Current StatisticsThe current price: $3,847.20Market Capitalization: $445,902,612,510Trading Volume: $40,196,938,842Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis May 16, 2021 Ethereum is in a downward correction after its rejection from the $4,400 […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an uptrend. WTI price has risen to level $66 but could not continue with the uptrend. The market is retesting the resistance level of March 8. Since March 8 that level has not been broken. Meanwhile, on February 24 […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY pair is in an uptrend. Buyers have broken the previous resistance at level 153.41. Presently, the uptrend has reached a high of level 154.14. On April 6 uptrend a retraced candle body tested the 38.2% Fibonacci retracement level. The […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: RangingPolkadot (DOT) price is making an impressive upward move. Buyers have broken the resistance at $40 and $42. Nonetheless, if the current bullish momentum is sustained, DOT price will reach a new high of $48. However, in the previous price action […]
EURJPY Price Analysis – May 14 On Friday EURJPY pair, the euro surged 70 pips, or 0.45 percent, against the Japanese yen. The surge was supported by the overall positive sentiment surrounding the Euro on progressive vaccination of the eurozone and challenges of virus spread limiting the Japanese economy. Although at overbought zones at 132.84 […]
BNBUSD Price Analysis – May 14 Inability to break down the support level of $503 by the bears, BNBUSD will break up the $678 and bullish trend may continue to the resistance levels at $758, and $850. BNBUSD Market Key levels: Resistance levels: $678, $758, $850 Support levels: $599, $503, $420 BNBUSD Long-term trend: Bearish […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold is in an upward move. On May 6, the bulls broke the resistance at $1,800 as price rallied to $1,840. Gold pulled back and resumed upward move. On May 13 uptrend, a retraced candle body tested the 61.8% Fibonacci […]
