Key Support: 1745 Key Resistance: 1760 – 1790 Gold has rallied 4.80% since it bottomed at the 1678-1680 level last week. We are still long and very bullish precious metals and yesterday price broke with the massive key level (1745) that was the level it broke back in June 2020 to make all time highs […]
EUR/AUD flirts with a strong resistance area after jumping above some near-term obstacles. The pair have shown reversal signals, but we still need confirmation before going long. The price action indicated that the downside movement is over and that the pair may develop a new leg higher. The volatility is high in the short term, […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY is in an uptrend but currently faces rejection at level 153.00. The pound is falling after rejection at the recent high. The pound price has broken the 21-day SMA and it is approaching the 50-day SMA. A break below […]
BNBUSD Price Analysis – April 09 Further price increase is envisaged as long as bulls maintain or increase their momentum and the resistance level of $420 level is penetrated, then, the resistance level at $485 and $545 may be tested. The breakdown of the $364 price level will expose the coin to $311 and $254 […]
Key Resistance Levels: $40, $42, $44Key Support Levels: $30,$28,$26 Polkadot (DOT) Price Long-term Trend: BullishOn April 2, buyers pushed DOT price above the $40 resistance. The altcoin rallied to $46.74 high but was resisted. With this breakout, the crypto has broken the range movement of February 20. However, for the past 48 hours, the coin […]
ECB minutes for the March meeting supported EURUSD. The protocol showed that policymakers saw risks to economic growth thanks to the huge US fiscal stimulus. Meanwhile, despite higher near-term inflation, inflation should remain low and below the central bank’s target. Policymakers also pledged to speed up PEPP purchases in 2Q21 to curb profit margins. Policymakers […]
The euro exchange rate on Thursday remained practically unchanged. The EUR/USD pair is currently trading at 1.1880, up 0.07% over the day.At the beginning of the week, the euro was very hot: the EUR/USD pair rose by almost 1.0% and for the first time in two weeks climbed above the 1.19 level. However, the pair […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: RangingGold is making positive moves as price breaks the resistance at $1,750. XAUUSD will be out of the range-bound zone if the bullish momentum is sustained. The upward move may face resistance at $1,800 and $1,840. In the previous price […]
AUDUSD Price Analysis – April 8 The AUDUSD pair remained above 0.7600 level for the first half of Thursday’s trading, but without gaining any firm upside traction while being capped by the barrier at 0.7650. The rise was aided by the current risk-on mood, which weakened the US dollar’s safe-haven status and boosted perceived riskier […]
