Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair is now in an upward move. The pair is in a strong uptrend. On November 9, a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair is likely to rise to […]
The EUR/AUD traded on a bearish momentum on Thursday as bears gain the upper hand. The European Central Bank (ECB) has alluded through posturing that it is set to “recalibrate its instruments” in today’s meeting. That said, we are likely to see a EUR500 billion increase in PEPP, which will be used to bolster monetary […]
XRP/USD Market December 09 The ability to break the confluence at the support level of $0.55 will decline the price to $0.49 and $0.44 price level. The resistance levels above the current price can be found at $0.63, $0.73, and $0.79. Key Levels: Resistance levels: $0.63, $0.73, $0.79 Support levels: $0.55, $0.49, $0.44 XRP/USD Long-term […]
Analysts at JPMorgan Chase & Co have asserted that Bitcoin (BTC) has appropriated a huge chunk of gold’s (XAU/USD) market share. The analysts pointed out the depreciating difference in funds allocated in the yellow metal and BTC, adding that the shift “represents the transfer of billions in cash.” The cryptocurrency community has argued for years […]
The dollar and yen are back today under some selling pressure as markets appear to be returning to risk mode. The dollar’s weakness is also seen as its vulnerability to overcome a key psychological level against the Chinese yuan. The Australian and New Zealand dollars are relatively stronger. The Australian dollar is currently stronger, supported […]
Key HighlightsEthereum bulls buy the dips at the low of $538.50 low The biggest altcoin resumes upside momentum as price rises to $560 Ethereum (ETH) Current StatisticsThe current price: $567.16Market Capitalization: $64,648,471,067Trading Volume: $15,067,006,909Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis December 9, 2020Yesterday, Ether faces resistance at […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: RangingFR40EUR 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. Daily Chart […]
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 1.0850 and it is facing resistance at the recent high. On December 2, the pair faced rejection at the recent high. The market has been on a downward move after the rejection. The price […]
GBPJPY Price Analysis – December 9 GBPJPY rallies to new weekly highs at the start of the American session, gaining steady positive traction breaking the 140.31 barriers. Optimism for the COVID-19 vaccine has eroded the yen as the Brexit deal gave a strong boost to the British pound. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support Levels: […]
