Risk management is a crucial topic when it comes to forex trading. Every forex trader wants to minimize losses and maximize profits from each trade. Many traders lose money not because they lack knowledge or have no experience in the market, but due to poor risk management. The right risk management strategy is critical if […]
BNBUSD Price Analysis – November 27 The breakdown of the support level of $26 may push down the price to the September low which is the $22 level provided the $26 and $24 price level do not hold. In case the support level of $26 holds, the price may reverse and face the resistance levels […]
USDCHF Price Analysis – November 27 The US dollar has continued its downtrend against the Swiss franc for the 3rd day in a row, extending its downside focus beneath sub 0.9100 level on Friday. The USDCHF stays on the defensive amid risk aversion weighing the dollar against the Swiss franc. Key LevelsResistance Levels: 0.9296, 0.9207, […]
EOSUSD Price Analysis – November 26 Further increase of the bears’ momentum may push the price to the low of $2.4 and $2.2 provided the support level of $2.7 does not hold. In case the $2.7 support level holds, the price may reverse and face the resistance levels at $2.9, $3.3, and $3.8. Key Levels: […]
AUDUSD Price Analysis – November 26 The AUDUSD pair is oscillating in a range, past the mid-0.7300 level, and consolidated its recent gains higher during the European session on Thursday. The recent optimism over the COVID-19 vaccine and clarity on the US political front undermines the US dollar’s strength and halts the pair’s decline. Key […]
EURUSD Price Analysis – November 26 EURUSD continues to gain traction for the 3rd day in a row and comfortably breaks past the 1.1920 marks. The pair registered a positive move and gained some follow-through traction on Thursday amid persistent selling pressure surrounding the US dollar. Key LevelsResistance Levels: 1.2150, 1.2011, 1.1920Support Levels: 1.1800, 1.1740, […]
XRP/USD Market November 26 After the price retracement, it may resume its bullish trend and the resistance level of $0.79 and $0.88 may be reached. Below the current price, the level is found the support levels at $0.55, $0.44, and $0.39. However, the relative strength index period 14 is at 70 levels bending down to […]
GBPJPY Price Analysis – November 25 GBPJPY stalls upside move and stays capped by up to two-week highs at 139.74 level, the cross witnessed a modest pullback on Wednesday. The GBPJPY witnessed some selling and dropped to fresh daily lows around 139.00 level. Key LevelsResistance Levels: 142.71, 140.31, 139.74Support Levels: 138.38, 137.50, 134.40GBPJPY Long term […]
XAGUSD Price Analysis – November 25 Silver (XAGUSD) extended its rally after a rebound from lows around the vicinity of $23.00 zones during the European session on Wednesday. The dollar is keeping a little milder on the session now as it pares its earlier advance against the shining metal. Key LevelsResistance Levels: $26.00, $24.50, $23.50Support […]
