Very simple sell-the-rally setup in the EURCAD. Price has rejected the previous key level or no trade zone. Should price break the lows (bottom of the no trade zone) we should be short for a retest of the lows of the structure. Broker Benefits Min Deposit Score Visit Broker Award-winning Cryptocurrency trading platform $100 […]
NEO Price Analysis – January 26 Further increase in the bulls’ momentum may break up the resistance level of $25, which will increase the price to $28 – $34 price level. When the $25 level holds the price the bears may push down the price to $22 support level in which $19 and $15 levels […]
Wall Street saw a bubbly start to the new week on Monday, setting a positive tone for the busy quarterly earnings, Fed meeting, and GDP week ahead. The Nasdaq 100 (NDX) traded erratically to close the day at a +0.87% gain after setting a new record high at 13563.70. The Dow Jones (DJIA) and the […]
USDCHF Price Analysis – January 26 USDCHF has been stabilizing beyond mid 0.8800 extending its recovery moves towards 0.8900 level during the European session on Tuesday. Amid the unstable market sentiment, the risk-off mood bolsters the US dollar strength and the quote’s upside advance. Key LevelsResistance Levels: 0.9187, 0.9093, 0.8998Support Levels: 0.8858, 0.8746, 0.8639USDCHF Long […]
S&P 500 Price Analysis – January 26 The risk sentiment took a fresh on S&P 500 as it probes recent lows in the 3830 vicinity deepening losses to the tune of 0.60% while heading towards 3800 levels. US Senate Majority Leader Chuck Schumer raised doubts over the swift approval of President Joe Biden’s $1.9T fiscal […]
The FTSE has pullback 50% from the last leg up to retest the previous highs and the 6600 level which has been rejected. We are still trading inside of an immediate bearish structure but the bullish divergence detected points at the selling pressure drying up. Validation level: 6699 Invalidation level: 6600 Broker Benefits Min Deposit […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishThe pair has been in a sideways move as it fluctuates between levels 1.0750 and 1.0860. EUR/CHF has been in a downward move as it fell to level 1.0750 on January 15. The market is moving up to retest level […]
Since its inception in 2009, people have wondered if Bitcoin (BTC) could become a standard electronic peer-to-peer cash system, as intended by Satoshi Nakamoto. However, some have asserted that the cryptocurrency’s erratic volatility will make this ambition impossible. That said, a recent report shows that the Bank of Singapore shares this belief as well. The […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishEUR/GBP has been trading marginally in a downward move. The market has not shown significant price movement. On January 14, downtrend, a retraced candle body tested the 88.6% Fibonacci retracement level. The retracement indicates that the pair will fall to […]
