The GU is testing and rejecting a massive level in historic price action. The 1.3670-1.3680 is the lows of February 2018, level that after price broke to the downside the Pound went on a -16.80% move (-2300 pips) until it bounced from the 1.14 level back in March 2020. Prime Minister Boris Johnson just commented […]
EURUSD Price Analysis – January 4 EURUSD continues to rally in an attempt to break higher as bears and bulls tussle around 1.2300. The dollar is losing ground before the opening of the American session. The number of new covid variants registered and the slow spread of the vaccine together with the early elections in […]
ETH crashed 24.3% from the highs around 1170 to retest and reject the 900 level inside a flag hitting short term sell targets and creating bullish divergence at the bottom. Possibilities for a long continuation are in play if the immediate structure breaks This level is physiologically important but also the level that supported price […]
XAGUSD Price Analysis – January 4 Spot silver (XAGUSD) is looking to break the $27.50 level as the white metal breaks out of its recent high of $26.77 during Monday’s early European session. Overall, the market remains patchy, but the dollar as a whole is weakening as markets wait to see what happens with US […]
Key HighlightsEther attains a new high as it breaks above the $838 highThe biggest altcoin rebounded above the $720 price level Ethereum ETH) Current StatisticsThe current price: Market Capitalization: Trading Volume: Major supply zones: $800, $820, $840Major demand zones: $360, $340, $320 Ethereum (ETH) Price Analysis January 3, 2021On January 2, Ether rebounded above $720 […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 uptrend has broken above level 30000. On November 6 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. This indicates that the index is likely to rise and reverse at a […]
The dollar ended the year on a weak note and may remain under selling pressure. After growing by almost 10% in 2020, the euro/dollar will continue to strengthen in 2021. As the eurozone continues to struggle with a slow recovery and subdued inflation, the overall weakness in the US dollar is expected to support the […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 is in a downward move since December 30. The market has fallen to level 6460.50 and a further downward move is likely. The price has broken the 21-day SMA and it is approaching the previous low at level 0.6315. […]
Bitcoin (BTC) has recorded yet another leg up, as the benchmark cryptocurrency records a fresh all-time high near $35k. Just a few weeks ago, this price range was deemed unattainable by many speculators. The cryptocurrency has recorded consecutive record highs over the past few days, with no sign of a slowdown. That said, here are […]
