The EUR/AUD traded on a bearish momentum in the European session on Thursday, as volatility across markets picks up. Negotiations between the European Union and the UK over a Brexit trade deal appears to be making good progress. However, both sides remain adamant over the fishery sector, a sensitive issue for both parties. Nonetheless, the […]
AUDUSD Price Analysis – December 17 The AUDUSD propels to a session high past 0.7620 during the European session while extending its four-day in a row winning traction. The US stimulus progress is responsible for the US dollar’s slide and may be mainly attributed to the optimism over the progress on a US $900 billion […]
EURUSD Price Analysis – December 17 The major European currency rose to a new 2020 high, surpassing 1.2220 during the London session, continuing its gains for four days in a row. A combination of supporting factors pushed the pair towards the 1.2200 marks, such as progress in stimulus talks and Brexit talks, which are responsible […]
Price Analysis – December 17 Further increase in the bulls’ pressure will increase the price to the $3.3 resistance level; the bullish momentum may extend to $3.7 and $4.4. However, the support levels below the current price can found at $3.0, $2.7, and $2.4. Key Levels: Resistance levels: $3.3, $3.7, $4.4 Support levels: $3.0, $2.7, […]
XRP/USD Market December 17 In case the bulls were able to maintain their pressure and sustain the price above the $0.55 level, then, $0.63 price level may be reached. Should the bears push down the price to penetrate the $0.55 and the price close below it, the bearish trend may continue and the support level […]
Key HighlightsEthereum breaks $620 resistance and rallies to $648The biggest altcoin is falling as it reaches the overbought region Ethereum (ETH) Current StatisticsThe current price: $637.70Market Capitalization: $72,566,811,029Trading Volume: $18,700,110,105Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis December 17, 2020Ethereum bulls have broken the $620 resistance level. Buyers […]
The dollar is trading generally softly today amid strong risky markets. But overall, most major pairs and crosses are limited to last week’s range. Optimism pushed the dollar down during the first half of the day. Hopes were on the US stimulus package and the post-Brexit trade deal. The dollar rallied temporarily following a decision […]
2020 continues to bring more institutional investors for Bitcoin (BTC), as Ruffer joins the trend. Ruffer Multi-Strategies Fund, a UK-based investment company, has earmarked 2.5% of its portfolio for Bitcoin. The company controls about $620 million in assets under management, putting its BTC investment of about $15 million. The firm noted that the Bitcoin purchase […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: RangingFrance 40 index is in a sideways move below level 5600. The price is consolidating above the SMAs but below the resistance at level 5600. A break above the resistance will compel the index to resume an uptrend. The […]
