The latest set of economic data indicates that China’s economic recovery continues. Industrial production growth improved slightly, while investment in manufacturing accelerated due to strong export growth. Retail sales growth accelerated, which indicates a recovery in domestic circulation. USD/CNH is recovering gently as the trading range expands from 6.4960. Downward momentum is shrinking. But the […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD is in an upward move. Since November 2, the pair has continued its rally as it reaches the high of 0.70659. A retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the Kiwi will rise […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move since June. In November, buyers have been attempting to break level 104.30 resistances. Each attempt at the resistance will result in a downward move. Today, the pair has fallen and it […]
Wall Street traded haphazardly on Monday as volatility took full control of the market amid declining risk appetite, most likely as a result of the announcement of renewed lockdown restrictions across the country. However, the Nasdaq 100 (NDX) managed to stay upbeat despite the current weakness surrounding the tech sector. The index’s upbeat performance yesterday […]
USDCHF Price Analysis – December 15 The USDCHF pair plunged to its lowest level of 0.8850 and stays pressured in a tight range while posting multi-year lows on Tuesday and seems to be having a difficult time staging a meaningful rebound amid the broad-based USD weakness. As of writing, the pair remains flat on the […]
S&P 500 Price Analysis – December 15 S&P 500 is continuing in the positive territory as coronavirus vaccine rollout and heightened hopes for a US stimulus deal caused a positive shift in risk sentiment. The S&P 500 reversed the prior day’s loss posting a small, potentially positive gain. As of writing, the S&P 500 is […]
XAGUSD Price Analysis – December 15 Silver (XAGUSD) price registers technical buying early in the European session while bulls return past the $24.00 level. The white metal is up ahead in trend amid continued dollar weakness on Tuesday as a result of an improved risk appetite. Key LevelsResistance Levels: $27.50, $26.00, $24.50Support Levels: $23.50, $22.83, […]
Key HighlightsBCH recovers and holds above $250 supportBuyers attempt to reclaim the $280 support to resume upside range momentum Bitcoin Cash (BCH) Current StatisticsThe current price: $275.78Market Capitalization: $5,139,770,144Trading Volume: $1,573,929,595Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis December 14, 2020Bitcoin Cash has recovered from its downward […]
Today, global markets have quickly returned to risk mode. The DOW’s future has surpassed 30,000 again as the introduction of the coronavirus vaccine has begun. There appears to be some progress in the US Congress on new fiscal stimulus as well. The dollar is under general selling pressure, followed by the Canadian and yen at […]
