Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 uptrend is trading below level 30000. On November 10 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the index will rise and reverse at level 1.272 […]
XRP/USD Market December 06 The breakout at the $0.55 price level will make the coin continue its bearish trend towards the support level of $0.49 to $0.44 which may extend to $0.39. The penetration of the $0.63 level upside will trigger the continuation of the bullish trend towards $0.73, $0.79, and $0.88 price levels. Key […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 is in an upward movement since November 2. The share has reached the overbought region of the market. On November 11, a retraced candle body tested the 78.6% Fibonacci retracement level. The index will rise and reverse at level1.272 […]
The dollar index finally resumed its medium-term downtrend from 102.99 last week and hit a low of 90.47. While the daily moving averages are showing signs of accelerating downward movement, the RSI indicates that the DXY is already deeply oversold. There is the prospect of some support at the psychological 90 level, which coincides with […]
GBPUSD Price Analysis – December 6 The GBPUSD is trading under the 1.3500 marks after the pair lost upside traction in the prior session. The pervading sentiment suggests there is still some downside move before the pair advances again. Vaccine talks are all the rage these days followed by a Brexit deal as the market […]
GBPJPY Price Analysis – December 6 GBPJPY is moving with an upside sentiment, resting around the critical barrier, and awaits the next catalyst. The pair’s buyers anticipate a raised prospect of a rally towards the old highs in an extension that looms beyond the 140.00 level. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support Levels: 138.38, 137.50, […]
As we go into a new week, Bitcoin (BTC) maintains its low-volatility momentum around $19,000. However, the benchmark cryptocurrency continues to trade above the round since yesterday but lacks any follow-through strength. The cryptocurrency recorded a high of $19,350 over the weekend. Meanwhile, the total cryptocurrency market cap has risen by $20 billion over 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. The Kiwi has reached a high of level 0.7100 and it is currently facing rejection. The current selling […]
BNBUSD Price Analysis – December 05 The breakdown of the support level of $26 may push down the price to the September low which is the $22 level provided the $26 and $24 price level do not hold. In case the support level of $26 holds, the price may reverse and face the resistance levels […]
