EURUSD Price Analysis – December 15 EURUSD buyers continued with a long position while building on the gains of the prior two weeks which leaves an upside bias on the longer-term projections. The pair sustains upside bias near 2020 highs at 1.2177 level trading presently at 1.2144 level, as Brexit’s optimism weighed on the dollar’s […]
NEO Price Analysis – December 14 The continuation of the bullish movement will place the price at the $19 resistance level. The breakup of the just mentioned level will expose the price to the $22 and $25 resistance level. Below the current price level of NEO are support levels at$16, $13, and $12. NEO/USD Market […]
2020 saw numerous prominent and institutional investors give recognition and take a huge stake in Bitcoin (BTC). Whether it as a result of the coronavirus-induced economic crisis, Bitcoin’s maturation, the recent BTC halving event, or something entirely different, the fact remains that Bitcoin has been further catapulted into the limelight this year. One of the […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BullishGermany 30 is an upward move but it is facing resistance at level 13350. It was most likely to reach bullish exhaustion as it faces rejection. On November 10, a retraced candle body tested the 88.6% Fibonacci retracement. This […]
Gold has broken with an immediate bullish structure printing a head and shoulders pattern in the process. This is interesting because the head of the pattern picked right at the retest of the mid-term bearish structure and the critical level 1876. Now that we have confirmation of a possible bearish continuation in Gold and more […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishThe pair has risen to level 1.0785 and it is facing resistance at the recent high. On December 10 downtrend, A retraced candle body tested the 78.6% Fibonacci retracement level. It indicates that the pair will fall and reverse at […]
The AUD/NZD traded on a sideways momentum through the early trading hours on Monday, as it struggled to break the 1.0650 resistance. At press time, the forex pair is trading at 1.0649, up by 0.07% on the day. Job advertisements in Australia rallied for the seventh consecutive time in November, as the country’s second-most populous […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe pound is in a strong uptrend. It has broken the previous resistance levels and it is approaching the high of level 0.9150. The price has retested the resistance at level 0.9200 and pulled back. The bulls are still pushing […]
Gold (XAU/USD) inched lower in the early European session on Monday and has recorded a fresh daily low of around $1825. The renewed selling pressure got sponsored by the prevailing upbeat market mood as a result of the blooming optimism over the rollout of COVID-19 vaccines by Pfizer (NYSE: PFE). Investors’ risk mood got further […]
