Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BearishFR40EUR index is presently consolidating above level 5600. Since November 2020, the index has been in a sideways move below the resistance level 5720. Each time the index tested the resistance level, the market will fall. Daily Chart Indicators […]
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 faces rejection at the 1.0850 high. The pair is in a downward move as price breaks below the SMAs. This is an indication that the selling pressure will persist. The price has fallen to level 1.0783. Daily Chart […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie was earlier in an upward move but faces rejection at level 1.2800. The pair has resumed selling pressure. On December 14, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair will […]
Following Tesla’s recent $1.5 billion (15% of its net cash holdings) Bitcoin (BTC) acquisition, many cryptocurrency enthusiasts have asserted that several more companies could follow suit. Some speculated that Apple could be next, while Max Keiser noted that it could be Larry Ellison’s Oracle. However, some JPMorgan analysts are holding onto a different opinion. According […]
XRP Weekly Price Analysis – February 10 The pushing up of the price to reach the resistance level at $0.62 may increase the price to the next resistance level which can be found at $0.73 and above. In case the bears manage to push the price below the support level at $0.39 with the […]
XRP Weekly Price Analysis – February 10 Should the bulls push up the price to reach the resistance level at $0.62 and the level does not hold the price, the next resistance level can be found at $0.73 and above. In case the bears manage to push the price below the support level at $0.39 […]
The dollar remains generally weak in today’s trading, although overall sentiment is stabilizing. Risk trading is taking a breather to some extent after earlier US stocks hit new intraday gains. Meanwhile, the dollar sell-off continues at the beginning of the American session and continues after weaker-than-expected values of the core CPI. Sterling rallies today amid […]
GBPJPY Price Analysis – February 10 The GBPJPY pair picks up bids following its bounce off the prior days’ low level of 144.03. Looking at the pair’s continuous upside trading its price jumps past 145.00 level during the early European session. The GBPJPY upside run is benefitting from UK’s lead in terms of the coronavirus […]
Gold (XAU/USD) climbed higher in the early European session on Wednesday, as a weaker US dollar (DXY) and the expectation of additional US fiscal stimulus boosted demand for the yellow metal. President Joe Biden’s proposed $1.9 trillion stimulus package continued to make significant progress, as Biden agreed on Tuesday to work with a proposal from […]
