The GU failed to break lower after an attempt last week. We took that short for 100 pips but right after the Monetary Policy Report by the BoE price surge and now is retesting back the 1.3750 level. This level is super important because price has traded below it since it broke with it for […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishEUR/CHF pair has continued to push on the upside. The EUR/CHF has earlier rebounded above level 1.0750 and continued the upward move. The bulls are testing the resistance at level 1.0850. This resistance has not been broken since November 2020. […]
Uniswap (UNI) has been on a roll since the start of the year with the market capitalization increasing by about 280% in its year-to-date figures. Although the cryptocurrency has traded on a depressed momentum through February, the possibility for another leg up appears to be very likely. IntoTheBlock’s In/Out of the Money around Price (IOMAP) […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishToday, the EUR/GBP has plunged to a low of level 0.8768. The pair has been trading marginally. The price fell to the support above level 0.8746 and it is holding. The pair will continue its downward move if the support […]
The US dollar is recovering as the risk appetite cools slightly in the American session. Nonetheless, US stock futures are heading to new all-time highs today, while yields remain steady. Looking forward to seeing the dollar continue its rebound trend shortly. The Canadian dollar is currently a stronger commodity currency, fueled by oil prices. The […]
Gold (XAU/USD) traded on a sideways momentum through the early European session on Monday between the $1819 resistance and the $1808 support. The yellow metal appears to have attracted some dip-buyers over the past few hours and might build on Friday’s bullish recovery from its recent decline to a two-month low. However, the uptick lacked […]
EURUSD Price Analysis – February 8 The EURUSD pair rebounded on Friday, marking an end to 4 days in a row declines. The rebound comes after the price reversed near the lower horizontal line at the 1.1952 level. During today’s European session the EURUSD extended its decline in a range trading beneath the 1.2050 level […]
The GBP/CHF traded on a sideways bias in the early European session on Monday, despite heavy demand for the Pound over the past few days. The British Pound is currently finding strong support from the recent Bank of England statement. On Thursday, the BoE’s Monetary Policy Committee (MPC) announced that it would leave its interest […]
XAGUSD Price Analysis – February 8 The white metal managed to recover some of the losses on Friday and has continued to rise during the European session on Monday. Silver (XAGUSD) is building on Friday’s rebound above $27.00 as the US dollar remains pressured while the $1.9T stimulus optimism favors the bulls. Key LevelsResistance Levels: […]
