Coronavirus vaccine readiness news was the biggest market driver last week, reinforcing short-term risk sentiment. Subsequent price movements of the main world indices looked clearly corrective, creating the basis for further growth. The stock market has finally received the news it has been waiting for since the summer. Pfizer’s highly positive COVID-19 vaccine kicked off […]
GBPUSD Price Analysis – November 15 The GBPUSD pair is going into the weekly opening, trading a few pips beneath the 1.3200 level. Although the pair trades under the psychological 1.3200 level after having gained 80 pips to recover in the last session. The UK and the EU keep struggling to clinch a trade deal […]
GBPJPY Price Analysis – November 15 After GBPJPY breach beyond upside barriers around the 137.00 zone with a strong rally, the pair has begun a pullback which may gain traction beneath the 138.00 level in the next session. Although the sell-off has stalled as the pair hits near term correction levels at 137.50 level a […]
BNBUSD Price Analysis – November 13 When the daily candle closes above the $29 resistance level, the price may increase to $31, penetrate it, and expose the price to the $33 resistance level. If it breaks down the support level of $26, then $24 and $22 support level may be tested. The relative strength index […]
EURJPY Price Analysis – November 13 The common European currency has declined by 0.54% versus the Japanese Yen from the prior session to sub 124.00 level while exiting the week in a bearish zone. The currency pair breached the moving average of 5 to trade lower. The upside potential against the JPY could be limited […]
USDCHF Price Analysis – November 13 The USDCHF pair is currently trading down at 0.9131, representing a downside shift from gain to 0.9191 level during the week. The pair has pretty much erased from its weekly high. The COVID-19 vaccine news represents a challenge for the Swiss franc strength. Key LevelsResistance Levels: 0.9362, 0.9296, 0.9181Support […]
AUDUSD Price Analysis – November 13 AUDUSD hovers around the 0.7226/31 range, bouncing off a one-week low of 0.7226 level, at the beginning of Friday’s session. The Australian dollar price remains depressed by a dismal market mood, and a receding optimism on the COVID-19 vaccine exerting pressure as the USD recover some ground. Key LevelsResistance […]
EURUSD Price Analysis – November 13 The EURUSD edged higher in the prior session as bears and bulls stay on the sideline at the 1.1800 marks. The dollar, however, recovered some ground ahead of the close. The number of newly reported coronavirus cases is growing exponentially, and the health systems are stressed in Europe. Key […]
Price Analysis – November 12 The increase in momentum of the bulls will push up the price to the resistance level of $2.7, which may be penetrated and test the $2.9 and $3.3 price level. Should the bulls fail to break up the dynamic resistance level, the bears may exert pressure to break down the […]
