The GU retested and rejected a big key level and the bottom of the current structure which happens to be a a bullish flag. The DXY rallied to the 90.70 level and reversed as predicted on today’s video. This was our sell level for the USD which will push price in the GBPUSD up. Broker […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingThe pair has been in a sideways move between levels 1.0730 and 1.0850 since December. Today, the price is falling after testing level 1.0840. The pair is falling but has found support above the 50-day SMA. The downward movement will […]
GBP/CHF traded on a sideways momentum in the mid-European session, as the Coronavirus situation in the UK worsens and the prevailing risk sentiment undermines demand for the CHF. The ramping up of the vaccine campaign in Britain and additional stimulus measures could cause the Pound to slide even further. Meanwhile, support for the GBP could […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingThe pound has been in a sideways move since December. Today, the Pound is rising as it fell to level 0.8993. The price action is also choppy. The pound is not trending and the direction is not discernible. Daily Chart […]
Gold (XAU/USD) traded with on a bullish momentum in the early European session on Monday, as it rebounded by over $35 from a low level not seen since early December last year. The intraday rebound was triggered by the risk-averse mood sweeping across markets, which tends to bolster demand for the precious metal. Growing concerns […]
EURUSD Price Analysis – January 11 The US Dollar upside correction is gaining traction with the EURUSD pair testing a low level at 1.2166 reflecting a loss of upside momentum as the market registers the lowest level in two weeks. The EURUSD pair has been plunging alongside with increase in US Yields. Key LevelsResistance Levels: […]
XAGUSD Price Analysis – January 11 Silver plunges to $24.34 level, down 1.25% during the early European session trading on Monday. The metal has been pressured for the last four days and is currently in a rebound from the $24.50 horizontal level. Meanwhile, a sustained downside breach will empower the sellers to increase pressure on […]
NEO Price Analysis – January 11 When the bears increase their momentum $19 support level may turn to a resistance level and the price will target $15 and $13 support levels. In case the dynamic support level prevents further price decrease, then, uptrend movement may continue and the price will be looking forward to $22, […]
All global investors were in risk search mode in the first full week of 2021. This came despite all the headlines about a surge in coronavirus infection and deaths, a return to lockdown, chaos in Washington, and Joe Biden’s certification as President-elect of the United States. The dollar did not perform well, but surprisingly there […]
