Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishXAUUSD price corrected upward after the recent breakdown to level $1,755. The current uptrend is facing resistance at $1,834. Following the recent resistance, Gold retraced to the support above $1,800 or above the 21-day SMA. Meanwhile, on June 18 downtrend, […]
EURJPY Price Analysis – July 23 The EURJPY cross stays on track to recover the prior day’s loss after a rebound from the mid 129.00 level during Friday’s European session. The selling pressure in the yen keeps the recovery in EURJPY well and sound at the FX market weekly close. The ECB meeting has helped […]
BNBUSD Price Analysis – July 23 The breakout of the price by the bulls at resistance level of $311 may push the price towards the resistance levels of $364 and $420. In the same way, the breakout at support level of $254 may decrease the price to $196 and $147 levels. BNB/USD Market Key levels: […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishUSD/JPY has continued its downward move. The Yen price is making a series of lower highs and lower lows. The downtrend is likely to extend to level 107.36. Meanwhile, on July 8 downtrend; a retraced candle body tested the 50% […]
According to the Financial Services Commission (FSC) in South Korea, foreign virtual asset services providers (VASPs), including cryptocurrency exchanges operating in the country, are mandated to register with the regulator before September 24th or risk getting blocked. As reported in April by Learn2Trade, South Korea has implemented a new regulatory requirement threatening heavy sanctions and […]
As expected, the ECB – European Central Bank kept the interest rates on main refinancing operations, marginal lending facility, and deposit facility unchanged at 0.00 percent, 0.25 percent, and -0.50 percent, respectively. The market’s first reaction to the ECB’s policy statements has been rather modest, with the EURUSD pair trading flat on the day at […]
As crude oil prices rose in the past year, the USDCAD rate has declined. Canada is an oil export-oriented country and the price of oil affects the price of the Canadian dollar. Hence, USDCAD trades in inverse proportion to oil. In June, the pair split from oil as the two assets started moving in the […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishDogecoin (DOGE) has resumed its upward move. DOGE price retested the previous low at $0.1650 as bulls bought the dips. The current bullish momentum is facing resistance at $0.21 high. The upward move will resume if price breaks above the $0.21 high. […]
AUDUSD Price Analysis – July 22 During the early European session, the AUDUSD pair soared to fresh weekly highs, hovering around the 0.7387 level. The pair recovered positive traction for the second consecutive session, and it is now attempting to build on the previous day’s impressive recovery from sub-0.7300 levels. The risk-on sentiment weakens the […]
