EURUSD Price Analysis – February 4 EURUSD has lost substantial levels after the pullback from the 1.2350 barriers while breaking beneath the key 1.2000 psychological level during the European session. The US dollar continues to benefit from Biden stimulus optimism which relatively is strengthening the US economic recovery. Key LevelsResistance Levels: 1.2350, 1.2214, 1.2050Support Levels: […]
The USDMXN rejected the 20.60 level last week, level that has seen BIG sellers jump in 2 times in the past (December and November 2020) capping the bearish momentum in the MXN against the USD. Now we are looking at a possible short setup at the retest of the previous key level and monthly pivot […]
The EUR/AUD traded on a downbeat momentum in the early European session on Thursday, as the EUR comes under pressure from the ECB. European Central Bank member Klaas Knot recently complained bitterly about the high valuation of the euro, noting that the institution had the tools to tackle this problem. Not so long later, reports […]
Gold rallied again at the beginning of the week to retest the top of the range it had been trading since the beginning of the year after the big drop from 1958 back in January 6. This bearish breakout is still not confirmed since the last bullish defense line is intact: the Nov. 26 highs […]
Key HighlightsEthereum bulls break the $1,440 overhead resistance Ethereum reaches the high of $1,631 Ethereum ETH) Current StatisticsThe current price: $1,631.78Market Capitalization: $186,876,194,143Trading Volume: $41,432,452,520Major supply zones: $1,500, $1,600, $1,700Major demand zones: $600, $500, $400 Ethereum (ETH) Price Analysis February 3, 2020 On February 2, Ethereum bulls broke the $1,440 resistance as the price rallied […]
The weakness of the euro continues despite higher than expected inflation figures. The Swiss franc and pound sterling are also softening slightly. The dollar, on the other hand, is struggling to boost earnings after a much stronger-than-expected ADP employment. The New Zealand dollar continues to trade as the strongest, pushing up the Australian dollar slightly. […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 index is in a downward move. The selling pressure has been exhausted as the pair find support above level 5366. FR40EUR has resumed upward but faces rejection at level 5600. Daily Chart Indicators Reading:The index is currently […]
The massive global network that connects all computers or mobile devices worldwide, known as the internet, is hands-down one of the most ground-breaking inventions of the 20th century. Although it was originally invented sometime around the 1960s, it only gained significant utilization in the 21st century. Given the world we live in today, it is […]
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 risen to 1.0827 but was resisted. The price retraced to level 1.0799 and resumed an upward move. On February 1 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair […]
