USDCHF Price Analysis – October 28 The USDCHF extends the positive traction beyond the 0.9100 level while the pair attempted to break above the top for the third day in a row. The emergence of buyers around the US dollar-backed the surge and seemed somewhat unaffected by the prevalent risk-off situation. Key LevelsResistance Levels: 0.9241, […]
S&P 500 Price Analysis – October 28 S&P 500 declines under 3350 level while flashing red on renewed coronavirus concerns and fading prospects of additional fiscal stimulus deal. At press time, the S&P 500 futures are down over 0.85% at the 3349 levels. S&P 500 has seen a sharp sell-off and a daily close beneath […]
ADA Price Analysis – October 27 An increase in the bears’ pressure may lead to the penetration of the $0.10 support level which may drop the price to $0.08 and $0.07 price level. The decrease in the bears’ momentum may prevent the breakdown of the $0.10 support level and this may push up the price […]
When it is about investing in Bullion markets, there are primarily three ways about how to invest in gold. The investors can choose from one of the below: – Purchase the metal itself– Invest in shares of ETF [Exchange-traded fund] that replicates the gold price– Trade future and options in the commodity market – mostly […]
EURUSD Price Analysis – October 26 Growing fears of a surge in Europe Covid-19 cases may slowdown economic recovery as new infections trigger stricter measures and prompt investors into safety. EURUSD risks a deeper decline at the 1.1800 level as buyers repeatedly failed to make a sustained break above the daily cloud top around the […]
XAGUSD Price Analysis – October 26 XAGUSD confronts selling pressure on Monday as coronavirus concerns weighed over the risk sentiment and strengthened the haven demand for the US dollar. The white metal dropped to the $24.09 level, the lowest level since Oct.15, during the early trading hours. The risk-off occurs as the US registered a […]
NEO Price Analysis – October 26 The crypto may retest the support level at $16 and break down the level, decline to $14, and $12 support level. In case the price is rejected at $16, then the ranging movement may continue. At the upper side of the market above $19 levels, resistance levels can be […]
GBPUSD Price Analysis – October 25 The GBPUSD broke below the 1.3050 level and at risk of plunging in the short-term beneath the 1.3000 level, after hitting a fresh two day low in the prior session. The Pound is under pressure as US Dollar recovers momentum however the upbeat UK Retail Sales and expanding business […]
GBPJPY Price Analysis – October 25 The Pound sterling vs safe-haven Yen stays fragile under selling pressure at the end of the week, despite trading in a consolidation channel between 137.84 and 135.38 levels. Persistent Brexit-related uncertainties continued undermining the sentiment around the GBP. Key LevelsResistance levels: 147.95, 142.71, 137.84Support levels: 135.38, 133.04, 131.75GBPJPY Long […]
