The DXY is likely to fall 6% in 2020, the first drop in 3 years. While the US economic recovery should support the dollar, exceptionally flexible monetary policy, widening deficits (exacerbated by a new round of fiscal stimulus), and weakening demand for safe-haven assets should keep the US dollar weak in the coming year. The […]
The EUR/AUD has had a rather tumultuous year but has managed to end almost exactly where it began, 1.6100. Before we go into the technicals, let us look at some of the fundamental factors that could affect this pair in . The European Central Bank plans to weaken the Euro to prop up the Eurozone’s […]
AUDUSD Price Analysis – December 24 In early 2021, AUDUSD will be capped at 0.7574/7638 but should hit a 2018 high of 0.8136 by the end of the year. AUDUSD has remained in a clear medium-term uptrend since mid-2020. The lower limit is significant enough to suggest that AUDUSD has the potential to test the […]
Major supply zones: $800, $820, $840Major demand zones: $360, $340, $320 In 2020, Ethereum traded mostly in a bull market. In January, the biggest altcoin has an opening balance of $129 which rose to a high of $287. In March, the biggest altcoin encounter bearish rejection as the coin plunged to $89.66. The bulls bought […]
EURUSD Price Analysis – December 24 Euro Dollar Exchange Rate – EURUSD is expected to trade at 1.22 and higher in 2021 by the end of this quarter. After COVID-19 disrupted financial markets and the global economy in 2020, the US dollar as a whole has weakened. Participants in the European foreign exchange market hope […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 In the first quarter of 2020, France 40 crashed, reaching a low of level 3700. The index crashed and then pulled back. In the second quarter, the bulls buy the dips as the market resumed its upward move. In December, the index has recovered […]
Key Resistance Levels: 1.1000, 1.1100, 1.1200Key Support Levels: 1.0600, 1.0500, 1.0400In 2020, the EUR/CHF pair has been in a downward move. In May, the bulls took charge as the market resumed its upward move. The pair has moved from the low of 1.0508 to 1.0871. There are chances of a further upward move in 2021. […]
XRP/USD Market December 24 In case the bears were able to maintain their pressure and sustain the price below the $0.28 level, then, $0.22 price level may be reached before the bulls will push up the price next year 2021. Key Levels: Resistance levels: $0.44, $0.54, $0.62 Support levels: $0.29, $0.28, $0.22 XRP/USD Monthly Trend: […]
Sterling as a whole rally at the start of the US session on rumors that the Brexit deal is “pretty much closed.” But like the recent price action, the upside potential for the pound is still limited, awaiting confirmation. The greenback is softening after a mixed series of economic data, while firmer risk sentiment is […]
