Sterling jumped sharply after the Bank of England indicated that it does not want to signal the market to move to negative rates. The dollar is also resilient in the overall mixed market sentiment. With a sell-off against both the pound and the dollar, the euro is currently performing its worst per day, followed by […]
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. This downtrend has been ongoing since January 8 but it has reached bearish exhaustion. The pair has fallen into the oversold region of the market. Buyers expected to emerge […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishSince January 8, AUD/JPY has been trading below level 81.00 resistances The price has been consolidating between levels 79.40 and 81.00. The pair is rising to retest the resistance at level 81.00. A break above the resistance level will propel […]
Price Analysis – February 04 A further increase in the bulls’ momentum may break up the resistance level of $3.3, then, the price may test the $3.8 and $4.5 levels. In case the bulls are unable to break up the resistance level of $3.3, the price may face the support levels of $2.9, $2.7, and […]
AUDUSD Price Analysis – February 4 The AUDUSD pair keep gains while its upside bias stays contained below the key hurdle at mid 0.7600 level. Signs of progress on additional US stimulus measures pushed the yield on the benchmark 10-year government bond to a near 10-month high touched in January with a lid on any […]
The Silver short-squeeze right? Well it´s hard to short squeeze a market so big with much less short interest than those stocks (GME, AMC, etc…) but there is a good opportunity here never the less. Silver started rallying last Thursday and continued to rally throughout Monday to the 30.1365 level (8 year high) breaking through […]
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 […]
