The markets are still in very volatile trading, with stocks and US Treasuries soaring overnight. However, these moves were not followed in mixed Asian markets. Stock market volatility remains elevated as major stock markets in Europe and the US closed higher yesterday. EuroStoxx 50 rebounded after a bad start and even closed about 1% higher. […]
EURJPY Price Analysis – January 29 The common European currency has increased significantly for the 3rd day in a row against the Japanese Yen. At the back of renewed demand for the Euro, the upside momentum in EURJPY gained traction in the 125.00 zones while printing a high price past 127.00 in the present session. […]
The NU is in a bearish immediate market (with the USD rallying) and we want to take advantage of this. After the last bullish pullback we moved down to the fisrt supply zone and bounced back 61.8% of the move completing the a-b move of an a-b-c pattern We will go short at the break […]
USDCHF Price Analysis – January 29 After it rebounds from lows, the USDCHF pair has continued to attempt to break past the 0.8920 troughs while sustaining mild gains as buyers push stay capped. Moving on, a lack of major data and traders’ attention on equity news will be the key to determine near-term market direction. […]
Overall, the financial markets are mixed as investor sentiment is stabilized. European indices are already reversing initial losses while US futures point to a higher open. Commodity currencies are staying generally weak. But buying focus is turning away from Dollar and Yen, to Euro. At the time of writing, the common currency is already the […]
Speaking in a recent interview with Bloomberg TV, Scott Minerd—the CIO of Guggenheim Partners—noted that institutional demand for Bitcoin (BTC) will not be enough to sustain the cryptocurrency above the $30k psychological mark. Minerd believes that the benchmark cryptocurrency is far away from $35k or even $30k if it were relying on just institutional investment. […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trends: BullishAU200AUD is in a sideways move below level 6800. Today, the index rebounded above level 6600 and resumed an upward move. Yesterday, the price tested the resistance at 6800 but was repelled. The downward movement will resume if the […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishAUD/JPY is now in an upward move. Since January 8, the pair has not been able to break the resistance at 81.00. The Yen has been trading below the resistance level. With each attempt at the resistance, the price would […]
Price Analysis – January 28 Should the bulls maintain their momentum to break up the resistance level of $2.7, then, the price may test the $2.9 and $3.3 levels. In case the bears defend the resistance level of $2.7, the support level of $2.4, $2.2, and $2.0 may be the target. The bullish trend may […]
