BNBUSD Price Analysis – December 31 In case the sellers were able to push the price below the support level of $37 and the daily candlestick close below the level, then, the price may decline further to test $31 and $27 support level. Inability to break down the support level of $37, the bullish trend […]
GBPJPY Price Analysis – December 30 The British pound has staged a strong bounce back against the Japanese Yen, with the pair recovering back above the 140.00 marks. The underlying upside sentiment undermined the safe-haven JPY and remained supportive of the British Pound. Key LevelsResistance Levels: 142.71, 141.21, 140.31Support Levels: 139.47, 138.00, 137.00GBPJPY Long term […]
EURCAD Price Analysis – December 30 EURCAD probes intraday high around 1.5737 level and retreats to 1.5677 level as buyers continue to hold price ahead of 1.5600 level for the 4th day in a row on Wednesday. A modest uptick in oil prices supported the Canadian dollar and added to the selling bias. Meanwhile, a […]
XRP/USD Market December 30 XRPUSD is penetrating the key support level at $0.21 indicate that the coin may decrease further to $0.17 and $0.10. The resistance levels above the current price can be found at $0.28, $0.39, and $0.49. Key Levels: Resistance levels: $0.28, $0.39, $0.49 Support levels: $0.21, $0.17, $0.10 XRP/USD Long-term Trend: Bearish […]
USDCHF Price Analysis – December 29 USDCHF is falling for the second day in a row after attempting to rebound to 0.8918 from the 17 Dec 2020 lows of 0.8822. After reaching its lowest level, the pair appears to have entered a consolidation phase. The weakness of the US dollar as a whole is causing […]
S&P 500 Price Analysis – December 29 S&P 500 index increases by 0.41% while posting fresh all-time highs past 3750, currently adding up at 3757 levels, during early Tuesday. US coronavirus (COVID-19) stimulus package signing by President Trump came as a surprise. The House members backed the $2,000 paycheck demand but turned down the veto […]
ADA Price Analysis – December 29 Should the bulls increase their momentum and push the price above the resistance level of $0.19, then, $0.21and $0.24 levels may be tested. In case the price is rejected at the $0.19 level, the price may reverse. The support level can be found at $0.16, $0.13, and $0.11 levels. […]
Just before Christmas, the last-minute Brexit trade was struck. The result is largely in line with expectations. Since Brexit cannot be avoided without a deal, the BOE should be able to keep its powder dry for a year. The likelihood of a negative interest rate has also been reduced, except for unexpected bad news related […]
EURUSD Price Analysis – December 28 Fresh optimism has propelled the EURUSD towards the 1.2250 level with some strong positive traction on Monday amid sustained USD selling bias. The pair is trying to preserve its intraday gains and in search of further gains around the 1.2250/1.2270 region. US stimulus and a post-Brexit trade deal boosted […]
