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 selling pressure is likely to continue. Presently, the price has dropped from level 1.0820 […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishRecently, EUR/GBP was earlier in an uptrend as the pair reached a high of 0.9000. The pair is facing rejection at the recent high as the market resumes downward move. The market has fallen and has reached a low of […]
Gold (XAU/USD) traded on a positive note though the early European session and renewed its daily high above $1900. However, just a few minutes ago, it got reported that Moderna’s (NASDAQ: MRNA) COVID-19 vaccine candidate has yielded a 94.5% effectivity in preventing the Coronavirus disease, which caused the safe-haven asset to plunge dramatically. Meanwhile, before […]
EURUSD Price Analysis – November 16 The market soared on COVID-19 vaccine news in the prior week as EURUSD posts fresh gains and risk-on weighs over the safe-haven greenback early on in the day. EURUSD trades in green in the 1.1850 neighborhood with its upside move staying unabated beyond the 1.1800 level as markets await […]
The AUD/NZD traded with a sideways bias through the early European session on Monday, as the Reserve Bank of New Zealand (RBNZ) left its official cash rate (OCR) unchanged at 0.25% and promised to keep its rates the same until March 2021. The Aussie and the Kiwi traded strongly against other top cryptocurrencies last week […]
XAGUSD Price Analysis – November 16 Silver (XAGUSD) edges higher starting a fresh week, eyes beyond the $25 hurdle amid a broadly mild US dollar, and COVID-19 vaccine optimism. A sharp rally could be in the offing following a breach beyond $25, with a test of the critical $26 barrier inevitable. Key LevelsResistance Levels: $27.62, […]
NEO Price Analysis – November 16 Should the bulls push up the price above the resistance level of $16, then, the price may increase to $19 and $22 price level. In case the bears prevail and the price burst out at the support level of $13, the price will reduce to the $12 support […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 (US30USD) Long-term Trends: Bullish. The first uptrend was resisted at level 30000. The index retraced to level 28900 and resumed a fresh uptrend. A retest of level 30000 is likely. The index will […]
FTSE 100 (UKX) Medium-term Trend: BullishResistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is in an upward move since November 2. The current uptrend has reached level 6400. It is currently retracing. It is unclear the extent of the downward move. The upward movement will resume if […]
