XRP/USD Market November 04 The bearish movement will continue as long as the bears increase their pressure, $0.22 level will be tested, penetrated, and reach the support level of $0.21. In case the bulls prevail and penetrate the dynamic resistance level upside, then barriers will be found at $0.25, $0.27, and $0.29 resistance levels. Key […]
GBPJPY Price Analysis – November 4 The GBPJPY is presently attempting the upside hurdle around mid 137.00 marks. The barrier near the 137.84 level, becomes a tough nut to crack for the buyers. Markets ignore the economic cost of the UK’s lockdown amid Brexit optimism. Key LevelsResistance Levels: 144.95, 138.38, 136.62Support Levels: 134.12, 133.04, 131.75GBPJPY […]
EURCAD Price Analysis – November 4 The Eurozone single currency rebounds by 0.50% against the Canadian Dollar since the days start towards 1.5500 marks. The currency pair is looking towards its moving average of 5 on the daily chart. ECB monetary policy decision is a major focus for the Eurozone and may give room for […]
Markets are significantly recovering today after a strong US close the day before. The Canadian dollar has made a reversal, unsupported by oil prices. The Australian dollar is generally up today following the news of the RBA rate cut. However, the downside is relatively limited, save for a few. The dollar became mixed, along with […]
USDCHF Price Analysis – November 3 The US Dollar has plunged by 0.47% against the Swiss Franc since the beginning of the day. Given that a breakout has occurred, sellers are likely to pressure the exchange rate lower while extending the downside bias during the following trading session. The downfall was sponsored by some aggressive […]
Hello Traders: The 2020 United States presidential election is here and traders are expecting high volatility in the markets. My TakeNothing unusual and nothing extraordinary will happen in the markets. The markets don’t surprise people when they’re looking out for such; surprises come only when people don’t expect them. Let’s use an example of an […]
S&P 500 Price Analysis – November 3 S&P 500 extends upside advance beyond 3350, up 0.5% on a day, during early Tuesday. The index went higher at the start of the week as investors get ready for the US presidential election. After the strong negative sessions in the preceding month, the index is trying to […]
ADA Price Analysis – November 03 The price is heading towards the support level at $0.08, if it breaks down the level, the support level of $0.07 will be exposed, and further decrease may reach $0.05. In case the support level of $0.08 holds, the price may reverse and target $0.10, $0.11, and $0.13 resistance […]
NEO Price Analysis – November 02 In case the bulls can push up the price to penetrate the two dynamic resistance levels upside, then the resistance level of $16 will be reached, further increase of bullish pressure may break up the confluence at $16 and resistance levels at $19 and $22 may be tested. Failure […]
