Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BullishAustralia 200 is making an upward move. The index rebounded and has risen to level 6600. On October 16 uptrend, a retraced candle body tested the 38.2% Fibonacci retracement level. This indicates that the index will rise and reach […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishSince September, the EUR/GBP pair has been falling. The price is making a series of lower highs and lower lows. Presently, the pair is making lower highs. Later the selling pressure will resume. A sell limit can be initiated. Daily […]
Fundamentally speaking we are very bearish on the USD and have been since March-April 2020 when the Coronavirus pandemic pushed global Central Banks to increase their asset purchasing program and their balance sheet to new all time highs. This massive round of Quantitative Easing has weighted heavy on the US Dollar which has devaluated by […]
Key HighlightsBCH finds support at $242 lowThe crypto will drop to $228 if the support at $242 breaks Bitcoin Cash (BCH) Current StatisticsThe current price: $247.56Market Capitalization: $4,614,863,201Trading Volume: $1,783,234,730Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis November 19, 2020Since November 8, BCH has been falling consistently. […]
AUDUSD Price Analysis – November 19 The AUDUSD pair plunges to 4th day in a row low on Thursday after buyers repeatedly failed to breach beyond the 0.7339 barriers, as the dollar rebound amid fresh COVID-19 infections and fading optimism about the vaccine. An additional decline beneath the 0.7200 marks may pave the way for […]
The EUR/AUD traded on a bullish tone above the 1.6250, as the focus moved to the European Union (EU) summit set to hold later today, where leaders will likely push for a coronavirus recovery fund. The Eurozone is on the brink of a renewed economic contraction with the second wave of the Coronavirus sweeping across […]
EURUSD Price Analysis – November 19 Following upside rejections, EURUSD broke under and tests the low level at 1.1816 level creating a fresh buying opportunity at 1.1800 to 1.1816 range. The unremitting advance of the pandemic and its impact on the growth prospects of the euro area boost dollar gains on lockdown fears. Key LevelsResistance […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishThe AUD/JPY pair is in a downward ward move after retesting level 77.00 twice. After the breakdown, the pair retested level 76.50 and resumed the downward move. The selling pressure has continued on the downside. Daily Chart Indicators Reading:The 21-day […]
There was a mixed sentiment on the risks of coronavirus, as markets watched the pandemic and stocks trade as if it were a post-covid world. As for the euro, most of the trading took place through the dollar, but European policy may again prove problematic for the single currency. While the US dollar slipped from […]
