BNBUSD Price Analysis – November 21 The breakup of the price at the resistance level of $29 and the daily candle closes above the $29 will make the price to reach the resistance levels at $31 and $33. In the same vein, the breakdown and the closing of the daily candle below the support level […]
EURJPY Price Analysis – November 20 The EURJPY pair is attempting to close beneath the 123.37 price zone as speculative interest stays trapped between coronavirus outbreaks and vaccine hopes. The pairs selling momentum remains toward the 123.00 level. Key LevelsResistance Levels: 127.07, 125.00, 123.37Support Levels: 122.37, 121.61, 119.31EURJPY Long term Trend: RangingAs seen in the […]
USDCHF Price Analysis – November 20 The USDCHF pair retreated under the 0.9100 level during Friday’s trading session turning south to a low of 0.9091 level. As of writing, the pair was down 0.08% daily at the 0.9104 level. All through the week, USDCHF remains on track to post small losses US Dollar Index gains […]
Price Analysis – November 20 When the bulls break up the resistance level of $2.7, the price may increase towards the resistance level of $2.9 and may extend to $3.3. In case the resistance level of $2.7 holds, consolidation may continue or the price may reverse towards the support levels of $2.4, $2.2, and $1.7. […]
EURUSD Price Analysis – November 19 Following upside rejections, EURUSD broke under and tests the low level at 1.1816 level creating a fresh buying opportunity at 1.1800 to 1.1816 range. The unremitting advance of the pandemic and its impact on the growth prospects of the euro area boost dollar gains on lockdown fears. Key LevelsResistance […]
EURCAD Price Analysis – November 18 The common European currency has surged by 11 pips or 0.83% against the Canadian Dollar since the day’s start. The EURCAD pair tested the upper channel and breached beyond the horizontal barrier at 1.1550 level. Euro’s recent strength is also worth a note, while CAD is partly weighed down […]
XRP/USD Market November 18 The increase in price to break up the key resistance level of $0.30 may increase the price to $0.33 and $0.36 resistance levels. On the other hands, the penetration of $0.26 downside may decrease the price to $0.25 and $0.23 levels Key Levels: Resistance levels: $0.30, $0.33, $0.36 Support levels: $0.26, […]
Trading is difficult at the best of times. The bulls and bears which dominate market movements are often difficult to predict. This invariably highlights the need for accurate forecasting and analysis vis-a-vis volatility, pricing, and demand. The world’s most actively traded market – currencies – eclipses stocks trading by a huge margin. Estimates suggest that […]
USDCHF Price Analysis – November 17 The USDCHF currency pair was in decline today, taking the price down to reach a lower level at 0.9100. The pair’s eyes further move lower as it looks to extend its broader downside pressure. The Swiss franc is vulnerable within the G10 complex and facing challenges as global risks […]
