XRP/USD Market February 02 A further increase in the bears’ pressure may push the price to penetrate the support level of $0.28 level; this may decrease the price to $0.39 and $0.28. In case the support level of $0.28 does not give way, the price may increase to the previous high levels of $0.62, $0.73, […]
EURUSD Price Analysis – February 1 The EURUSD pair spent the American session plunging lower in a relatively tight range near sub 1.2100 coming under strong downside pressure. Meanwhile, the US Dollar Index inches higher around 91.00, rising 0.50% on the day. As of writing, EURUSD is down 0.50% daily at the 1.2072 level. Key […]
XAGUSD Price Analysis – February 1 The white metal’s spot price has surged from under $27 during Monday’s European session into the American morning session past the $30 level, marking a nearly 20% rally on the day. Silver is being driven higher for the 3rd day in a row by a continuation of strong retail […]
GBPUSD Price Analysis – January 31 The GBPUSD pair exited the prior week with modest gains after it eased from the mid 1.3700 level to close at 1.3705. The coronavirus spread reduction eased the pressure and offered some reprieve to the UK currency which was quite resilient to the dollar’s demand on risk-aversion. Key LevelsResistance […]
GBPJPY Price Analysis – Jan 31 GBPJPY moved with a fresh impetus while hitting the level at 143.95 high in the prior session. The pairs upside traction may attract buyers past the 144.00 level as it awaits the next catalyst this week. The pair’s buyers anticipate a raised prospect of a rally towards the old […]
BNBUSD Price Analysis – January 30 An increase in the bulls’ pressure may break up the resistance at the level of $44 which may increase the price to $47 and $51 support level. In case the resistance level at $44 is defended by the bears, the coin may face barriers at $40, $36, and $31 […]
EURJPY Price Analysis – January 29 The common European currency has increased significantly for the 3rd day in a row against the Japanese Yen. At the back of renewed demand for the Euro, the upside momentum in EURJPY gained traction in the 125.00 zones while printing a high price past 127.00 in the present session. […]
USDCHF Price Analysis – January 29 After it rebounds from lows, the USDCHF pair has continued to attempt to break past the 0.8920 troughs while sustaining mild gains as buyers push stay capped. Moving on, a lack of major data and traders’ attention on equity news will be the key to determine near-term market direction. […]
Price Analysis – January 28 Should the bulls maintain their momentum to break up the resistance level of $2.7, then, the price may test the $2.9 and $3.3 levels. In case the bears defend the resistance level of $2.7, the support level of $2.4, $2.2, and $2.0 may be the target. The bullish trend may […]
