XAGUSD Price Analysis – November 2 Silver price is embarking on a recovery journey beyond the $24.00 level early in the week with prospects of an upside move towards the $24.50 level amid critical events and the US elections. However, the dollar maintain gains as the US election and Fed meeting lurk around the corner. […]
XRP/USD Market November 02 When the sellers gather enough pressure and the daily candle penetrate the $0.23 level downside and close below it, then, the bearish movement will continue to the $0.22 and $0.21 support level. On the other hand, the bulls may prevail and the price will increase towards the resistance levels at $0.25, […]
GBPUSD Price Analysis – November 1 The GBPUSD pair posted a modest intraday advance in the prior session but selling bias holds lower under the 1.3000 level. Prime Minister Boris Johnson announced a UK nationwide lockdown on Saturday, also extending coronavirus wage subsidies. GBPUSD may trend lower at the weekly opening and lose the 1.2881 […]
GBPJPY Price Analysis – November 1 The GBPJPY price managed to swing higher at month-end lows and was last seen trading with modest gains, just to mid 135.00 psychological marks. Tomorrow is the 1st trading day in November, and the pound has been struggling over the last few days into the month-end. The rapid pace […]
THE TECHNICAL ANALYST HAS BECOME AN ENDANGERED SPECIESAccording to Investopedia.com, technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analysing statistical trends gathered from trading activity, such as price movement and volume. Unlike fundamental analysts, who attempt to evaluate a security’s intrinsic value, technical analysts focus on patterns of […]
EURJPY Price Analysis – October 30 The selling momentum in EURJPY stays intact as its weakness extends beneath the 122.00 level at the end of the week earlier on Friday. Downside risks have continued to dominate the Eurozone currency against the Japanese Yen on negative market sentiment due to the continuous wave of Covid-19. Key […]
USDCHF Price Analysis – October 30 The USDCHF is increasing for the 5th day in a row on Friday as its upsurge hits 14 days high beyond the 0.9150 marks. The pair has accelerated its uptrend supported by the broad-based USD strength as US Dollar Index clings to positive gains above 94.00. Key LevelsResistance Levels: […]
BNBUSD Price Analysis – October 30 The price is targeting the support level at $26, if it does not hold the coin will reduce to support level at $24 and $22. In case the $26 price level, it may bounce and increase towards the resistance levelsat$29,$31, and $33. BNB/USD Market Key levels: Supply levels: $29, […]
Price Analysis – October 29 The breakout at $2.7 will expose the price to the $2.7 and $2.4 resistance level while the breakout at the support level of $2.4 will expose the price to the low of the March at $2.2 and $1.7 support level. Key Levels: Resistance levels: $2.7, $2.9, $3.3 Support levels: $2.4, […]
