EURJPY Price Analysis – January 24 The currency pair is losing ground for the second consecutive session on Friday, falling under strong bearish pressure amid negative indicators of the single currency, aggravated after the ECB meeting on Thursday. Key Levels Resistance Levels: 124.31, 123.37, 122.87 Support Levels: 120.67, 119.99, 115.83 EURJPY Long term Trend: Ranging […]
XAUUSD Price Analysis – January 24 A modest recovery of sentiment concerning global risks, as evidenced by the positive shift in trade around the stock markets, affected the status of a safe-haven for precious metals. XAUUSD sank lower at the start of the European session on Friday and is currently near daily lows, around $ […]
Key Resistance Levels: $140, $160, $180 Key Support Levels: $80, $60, $40 BSV/USD Long-term Trend: Bullish Bitcoin SV is in a bull market. The bulls made a remarkable move as the price reached a high of $440 on January 14. The price corrected itself as it retraced to a low of $240. The coin is […]
• After three days of consolidation, Bitcoin finally dropped under $8500 support. • Bitcoin now targets $8100 but need to breach the current holding support. Leaving 8500 support yesterday, Bitcoin has now created new support around $8300 that was mentioned in our previous crypto trading signals. Today, Bitcoin has retested this support but was slightly […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish Litecoin made an impressive run as the bulls reached a high of $62. Unfortunately, the coin fell as the bulls could not sustain the upward move. The coin is falling and has reached a low of $55. The […]
AUDUSD Price Analysis – January 23 The subsequent closing in the prior two days with scanty losses, the FX pair recorded upward momentum in the Asian trading hours and rose to a daily high of 0.6878 level, after which it entered the consolidation stage in the European session. At the time of composing, the pair […]
USDWTI Price Analysis – January 23 The recent decline in crude oil prices could lead to a drop in prices to $ 55.00 level. Earlier this week, the EIA predicted that Brent crude prices could be slightly lower by mid-year. Key Levels Resistance Levels: $ 63.04, $ 60.34, $ 59.61 Support Levels: $ 55.00, $ […]
• Bitcoin reached key support but awaiting the next wave. • The price could bounce back if the $8500 level holds. Since our previous crypto trading signals, Bitcoin’s price has moved to the downside, touching the $8500 support at the time of writing. This support has jolted price since the last sharp correction. If Bitcoin […]
GBPJPY Price Analysis – January 22 The Fx pair is bullish after the weakening of the Japanese yen and the strengthening of sterling. Although the GBPJPY remains moderately changed, trading around 144.36 level during the Asian session into the European session. The pair struggled between optimistic news and widespread risk aversion of the prior day. […]
