Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe pound is falling and in a downward move. Today, the price rallied to 0.9150 and declined sharply. There is the appearance of a long wick on on the candlestick. This long wick indicates there is strong selling pressure at […]
The British pound is selling heavily today as the risk of the UK leaving the EU without a deal grows and there will be no significant breakthrough in the never-ending negotiations. While some progress has been made since the last round of talks between Britain’s chief Brexit negotiator David Frost and his European counterpart Michel […]
The AUD/NZD traded on a slightly bearish tone in the early European session on Monday, as it retreated from last week’s bull run. Earlier today, China published its Trade Balance for November, which beat market expectations of $53.5 billion and came in at $75.4 billion. Also, the country reported that its Exports rose by 21% […]
The USD rallied 0.60% in early in late Asian – early European trade before failing to follow through higher and dropped immediately after retesting Wednesday’s open and Thursday’s highs. Fundamentally speaking we are sill very much bearish here and the next ley level is the 90.375 which is the February – March 2018 key resistance […]
Gold (XAU/USD) traded on a slightly bearish tone in the early European session on Monday, as it recorded a new three-day low over the past few hours. The precious metal was last spotted trading around the $1830 area at press time. Gold is trading lower for the second consecutive session today, after retreating from a […]
EURUSD Price Analysis – December 7 The major European currency adds to prior session corrective downside and takes EURUSD to fresh lows in the sub-1.2100 area. EURUSD appears to be fading after its upside run halts under barrier 1.2150 level. The pair is off its highs could extend its downward correction. Key LevelsResistance Levels: 1.2350, […]
XAGUSD Price Analysis – December 7 The shinning metal settled beneath the $24.50 level from the prior session into Monday’s European trading session with some modest declines. A sideways range is emerging as a result of Silver prices trading between the $26.00 and the $21.66 levels for the moment. XAGUSD prices trade under the $24.00 […]
NEO Price Analysis – December 07 The breakout of the NEO price at the $19 price level may push the price to the previous high at $22 and a further increase in the bulls’ momentum may take the price higher to the $25 level. In case the bears prevail over the bulls, the support level […]
Key HighlightsEthereum fluctuates between $560 and $620Ether is expected to reach a high of $680 if the price breaks the $620 resistance Ethereum (ETH) Current StatisticsThe current price: $598.60 Market Capitalization: $68,151,928,546Trading Volume: $12,000,109,790Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis December 7, 2020Following its failure to break the […]
