Following the pair rebound at support with the 1.1300 level inclusive, the 50-day MA exactly at 1.1319 and an upward movement which has been aiding value activities since ending of November 2021 The market has been moving slowly upwards. At the present, the 21DMA at 1.1346 has been ceiling the in-day profits and at the […]
EURJPY Price Analysis – January 21 EURJPY continues its ranging pattern in its bullish flag formation. The market has been cranking through a descending channel and that is set to continue. The price has turned downward after reaching the upper border of the descending channel. Shortly before the drop, the market had struggled to hold […]
GBPJPY Price Analysis – January 21 GBPJPY crashes steadily after reversal at the supply zone. The market has continuously switched power between the bulls and the bears. There has been very little consolidation since October 2021. The bulls went long from the demand zone at 148.970. They were very dominant in the market. There were […]
US Securities and Exchange Commission (SEC) Chairman, Gary Gensler, recently stated that financial authorities need to directly regulate cryptocurrency trading avenues. Gensler also indicated that more regulatory frameworks would be put in place this year, boosting optimism over investor protection in the crypto space. Before now, the SEC boss has hammered on the necessity of […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL has been in an uptrend but faces rejection at $87.50. It is retracing after breaking above the overhead resistance. The index reached the overbought region of the market. It is facing rejection at $87.50 high. The overhead resistance has not been […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BearishPolkadot’s (DOT) price is in a downward move but it may resume upside momentum. The altcoin has declined to $22 low. Since January 17, the cryptocurrency has been in a downward move after the rejection at the $28 resistance. Today, the […]
USD/CHF falls for two days straight, however, the bad side impact looks softened. A milder risk pitch supported the refuge CHF, also applied force on the main. Raised US bond yield behaved like a propeller for its initial lost ground, as the pair was recently spotted selling only at moderate in-day losses, close to average-0.9100s […]
BNBUSD Price Analysis – January 21 In case the bears break down the support level of $419, the price may decline to $364 level, continue its downtrend movement towards the support level of $254. On the other hand, more pressure from the buyers may push up the Binance Coin to break the resistance level of […]
USDJPY Analysis: Expansion Leads to Bulls’ Break Out and Retest USDJPY bulls’ breakout and retest after expansion led to a bullish run in September. The market was held in a consolidation that lasted for several months. The month of September ended with an impulsive move. There was a sudden expansion from the 109.019 demand zone. […]
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