Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD is still on a downward move but reaches bearish exhaustion. On October 12 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The implication is the pair will fall to level 1.272 Fibonacci extension and then reverse. […]
2020 is proving to be quite a milestone year for electric vehicle and clean energy company Tesla and its maverick CEO Elon Musk. The company manufactured its 1 millionth electric car. The Tesla Model 3 is now ranked as the world’s best-selling plug-in electric car. And to top it off, Tesla also accounted for 81% […]
S&P 500 Price Analysis – October 20 The S&P 500 is fixing a correction from the 5th consecutive daily low level of 3419 while raising rates around 3440, up 20 points, or 0.60% during the day during the Tuesday trading session. Uncertainty about fiscal stimulus, US elections, and the pandemic could mean the adjustment is […]
USDCHF Price Analysis – October 20 Intraday selling of the US dollar has accelerated since the beginning of the European session and over the last hour pushed the USDCHF pair to monthly lows in the region of 0.9075-70. Uncertainty over US fiscal stimulus has eroded the dollar and put pressure. Key LevelsResistance Levels: 0.9467, 0.9296, […]
ADA Price Analysis – October 20 Should the price test the resistance level at $0.11 and the daily candle close above it, then, $0.13 and $0.14 resistance levels may be tested. The inability to break up the $0.11 level by the bulls may trigger the bears to take over the ADA market. ADA/USD Market Key […]
NEO Price Analysis – October 19 The breakup of the dynamic resistance levels will push the coin to the $19 resistance level; further increase in the bulls’ pressure will place the NEO price to $22 and $25. In case the $19 resistance level rejects the price increase, bearish momentum may continue to $16, $14, and […]
XRP/USD Market October 18 The breakup of the $0.25 level may push up the price to $0.27 and $0.29 price level. The inability to break up the near resistance level may make the price to commence ranging movement within $0.25 and $0.23. Key Levels: Resistance levels: $0.25, $0.27, $0.29 Support levels: $0.23, $0.22, $0.21 […]
EURUSD Price Analysis – October 19 Following a recent drop to the 1.1690/80 bands, EURUSD trades at a striking range from the main barrier at 1.18 area, where some firm friction appears to have emerged. EURUSD rediscovers buyer attention in the vicinity of the mid 1.1700 level as the upside impetus picks up pace. More […]
XAGUSD Price Analysis – October 19 The white metal confirms the move higher early in the European session past the $24.50 level as the upside favoring chart play may propel the quote towards the $25.00 threshold ahead of challenging the monthly top near the $25.55 level. Hopes for a US stimulus deal have risen, weighing […]
