Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY pair has been in a downward move. The bear trend has been reversed. On October 14 downtrend; the retraced candle body tested the 78.6 % Fibonacci retracement level. This indicates that the market will reach level 1.272 and […]
Bitcoin (BTC) appears to be in the process of a retrace following a strong rejection from the $14,101 YTD high set last week. Although BTC looks to be handling itself just fine following last week’s rejection, there is still an immense amount of sell pressure weighing on the cryptocurrency over the past few hours. The […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BearishThe index is now in a downtrend. The index fell to the low of 11453.80 and reached the oversold region. There are bullish signals as buyers emerged from the oversold region. The bulls have taken over as the market […]
Commodity currencies are taking control of the American session thanks to a recovery in European indices. Dow futures are also up now. The Canadian dollar emerged from the shadow of the sharp drop in oil prices, outperforming the Australian dollar, and the kiwi. The pound sterling was weaker at the time of writing, but there […]
The AUD/NZD continued on a directionless bias in the North American session on Monday. At press time, the pair is trading at 1.0630, up by 0.03% on the day. The blooming market risk sentiment is currently aiding both the Aussie (AUD) and the Kiwi (NZD) to find modest demand against other currencies ahead of the […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingEUR/CHF has been on a downward move since September 25. The current downtrend resumes after the retest at level 1.07488. The market is still falling. Today, the pair is rising and approaching level 1.0700. The upward move is likely to […]
NEO Price Analysis – November 02 In case the bulls can push up the price to penetrate the two dynamic resistance levels upside, then the resistance level of $16 will be reached, further increase of bullish pressure may break up the confluence at $16 and resistance levels at $19 and $22 may be tested. Failure […]
EURUSD Price Analysis – November 2 The selling bias around the EURUSD increased for another session on Monday and drags the pair to fresh 2-month lows in the 1.1625/20 region. Increasing cautiousness ahead of the US presidential elections due on Tuesday gives extra attention to the pair. The decline is driven by strong risk aversion […]
Gold (XAU/USD) traded on a positive tone through the early European session on Monday and has renewed its daily highs around $1890 in the past few hours, although it lacked any follow-through strength. The yellow metal built on last week’s positive climb, as investors become wary and are hedging their bets against the outcome of […]
