Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair has been in a sideways move between levels 1.0730 and 1.0850 since December. The EUR/CHF is in an upward move. The price has reached level 1.0830 resistance zone. A downward move is expected. Daily Chart Indicators Reading:The pair […]
First Solar (FSLR) has jumped 5% following yesterday’s 9% loss as the likelihood of a Democrat-controlled US Senate looms, further improving the outlook for renewable energy stocks. With one Georgia senate seat already called for the Democrats and a second looking highly likely to be captured by president-elect Joe Biden’s party, equity markets are repositioning […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie moved up and retested level 1.2900. It indicates that the pair is likely to fall. On December 16 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair will fall to […]
Stellar Lumens (XLM) has more than doubled in value over the past week and on a 1-day view it is up 77%. The breakout follows news that the Ukrainian government has partnered with the Stellar Development Foundation to build a central bank digital currency (CBDC) for the country. Currently priced at $0.34, the token is […]
Gold (XAU/USD) traded on a sideways pattern in the early European session on Tuesday, as the commodity struggled to capitalize on its bullish momentum from the previous two sessions. It appears that the market has begun pricing in the possibility of a Democratic win in the crucial US Senate runoff elections in Georgia. The final […]
GBPJPY Price Analysis – January 6 The GBPJPY pair edged higher through the first half of the European session and refreshed daily highs, around the 140.49 regions in the last hour. The underlying bullish tone undermined the safe-haven JPY and remained supportive as the focus shifts to Pound Sterling. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support […]
Gold has rallied to a massive level which was where seller jumped in and Gold dipped 6% and 10% respectively after (Sept 15 & Nov 09 2020). Technically speaking this level confluences with the retest of the current structure, major short term bullish target and massive bearish divergence. This short idea is risky and should […]
EURCAD Price Analysis – January 6 The EURCAD pair sustained its bid tone through the early part of the European session and was last seen hovering beyond the barrier at 1.5609 ends of its recent range. The Euro remained well supported and seemed rather unaffected by the dismal Eurozone data. Key LevelsResistance Levels: 1.6200, 1.5991, […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is in an uptrend. The upward move is facing resistance at level 22500. On November 24 uptrend, a retraced candle body tested the 88.6% Fibonacci retracement. This retracement indicates that the index is likely to rise and […]
