The dollar is generally recovering today after a decline in risk appetite. Investors appear to be cutting back on equity gains. The next strongest positions are followed by the Swiss franc and the euro, followed by the yen. On the other hand, the Australian dollar and sterling have the worst performance. In particular, the pound […]
Key Resistance Zones: 27200, 27600, 28000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 has been in an upward move. The uptrend is facing resistance at level 29000. Since January 14, the price has fluctuated below level 29000 resistance. If price breaks the resistance, the uptrend will continue. The downtrend will […]
BNBUSD Price Analysis – January 22 An increase in the sellers’ pressure may push the price below the support level of $36 and the daily candlestick may close below the level, the price will decline further to test the $31 and $27 support level. Inability to break down the support level of $36, the bullish […]
Key Resistance Zones: 3500, 3600, 3700Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: BullishSHCOMP is in an upward move. The upward move is facing resistance at level 3600. The bulls are making frantic efforts to break above the resistance but to no avail. The index is trading below the resistance. […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe pair has resumed an upward move. The uptrend is ongoing. On January 11 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the USD/JPY will rise and reach level 1.618 Fibonacci extensions or […]
Wall Street recorded significant gains overnight as President Joe Biden’s transition into power improved the prospects for additional fiscal stimulus measures and other government activities to combat the negative effects of the coronavirus pandemic. Before this, Treasury Secretary nominee Janet Yellen expressed her support for the new president’s $1.9 trillion fiscal stimulus spending plan and […]
EURJPY Price Analysis – January 22 EURJPY remains bid in the upper end of the recent range beyond 126.00 level while renewing its upside bias towards the level at 127.07. The pair’s upside move continues at the end of the week against the backdrop of the prevailing risk appetite trend in the global markets. Key […]
USDCHF Price Analysis – January 22 The US dollar retreated against the CHF and may become more broad-based at the end of the week. As a result, USDCHF sellers seem to storm a retest of low regions comprising multiple levels to Jan 6 low around 0.8757 level. The dollar weakens as investors keep a tab […]
Two JPMorgan strategists—John Normand and Federico Manicardi—issued a report recently, noting that Bitcoin (BTC) is more of a risk-on asset than a hedge against erratic markets. The duo remarked in the report that Bitcoin was the “least reliable hedge” in bear markets. In March 2020, during the Black Thursday crash, coronavirus-induced panic triggered a massive […]
