There was little activity in the financial markets on Wednesday, with the major pairs mostly consolidating and stocks fluctuating between gains and losses. Market sentiment remained trapped between fears of coronavirus outbreaks and hopes for vaccines. The U.S. health care system is under strain as new cases continue to rise and numerous restrictive measures have […]
The past 24 hours have been nothing short of a roller coaster ride for Bitcoin (BTC). The benchmark cryptocurrency was trading at $16,600 yesterday before carrying out what many believed to be a significant rally to the $17,850 area. At that time, this price point became the new year-to-date high. As impressive as this move […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trends: BullishFrance 40 index is in an upward move. The index has fallen to level 4600 and resumed upward. On November 10 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. This indicates that the pair will rise […]
Key HighlightsEther breaks $480 high but fails to sustain the uptrendThe crypto has plunged to a $457 low and resumes correction Ethereum (ETH) Current StatisticsThe current price: $474.45Market Capitalization: $53,839,786,699Trading Volume: $17,955,518,416Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis November 18, 2020Today, Ethereum bulls have broken the $480 […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair has risen to level 1.0820 and it is facing resistance at the recent high. The recent high has not been broken since September. The price is fluctuating below the recent high. The downtrend will resume if price breaks […]
Gold (XAU/USD) failed to make use of its intraday bounce to the $1885 area and is now struggling to remain above the $1870 level in the European session. The prevailing market worries about the economic fallout due to the implementation of renewed COVID-19 restrictions in several states across the US has left the US dollar […]
GBPJPY Price Analysis – November 18 GBPJPY extends recovery from 137.84 level to around 138.05 level during the European session on Wednesday. Although the GBPJPY buyers’ anticipation of a Brexit deal, cautious sentiment ahead of October’s UK CPI, and the coronavirus (COVID-19) woes push for the immediate upside momentum. Key levelsResistance Levels: 144.95, 142.71, 140.31Support […]
EURCAD Price Analysis – November 18 The common European currency has surged by 11 pips or 0.83% against the Canadian Dollar since the day’s start. The EURCAD pair tested the upper channel and breached beyond the horizontal barrier at 1.1550 level. Euro’s recent strength is also worth a note, while CAD is partly weighed down […]
XRP/USD Market November 18 The increase in price to break up the key resistance level of $0.30 may increase the price to $0.33 and $0.36 resistance levels. On the other hands, the penetration of $0.26 downside may decrease the price to $0.25 and $0.23 levels Key Levels: Resistance levels: $0.30, $0.33, $0.36 Support levels: $0.26, […]
