Key HighlightsLitecoin has continued to rebound as it reaches the high of $51LTC has a target price of $55 Litecoin (LTC) Current StatisticsThe current price: $50.19Market Capitalization: $3,295,105,365Trading Volume: $2,496,458,935Major supply zones: $70, $80, $90Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis October 13, 2020Since October 7, LTC has been making impressive bullish […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair is currently in an upward move. Presently, the pair is falling after facing rejection at level 106.100. Today, the Yen is attempting to resume an upward move. It is currently rising. Daily Chart Indicators Reading:The 50-day SMA […]
The Yen as a whole is trading higher and is likely to rebound from the dollar to strengthen elsewhere. The dollar is currently the second strongest today, but it is just licking the wounds of the past week. Commodity currencies are slightly lower so far, digesting last week’s gains. The economic calendar is bright today […]
Earlier today, the bearish momentum surrounding the Chinese yuan picked up following the decision of the People’s Bank of China (PBoC) to reduce its FX risk reserve ratio to zero. This sparked some serious bearishness around the AUD, considering the ties of the Australian economy and China. Furthermore, Gold (XAU/USD) stalled through most of today […]
Bitcoin (BTC) is breaking higher barriers right now as the US markets open for business in the new week. Over the past few hours, the benchmark cryptocurrency played out the exact manner we predicted in our previous analysis. After consolidating for an extended period, BTC fell to the $11,180 area and quickly recovered, before clearing […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: RangingThe index is range-bound between levels 12400 and 13400. Buyers face rejection at level 13450. The index has been fluctuating for over three months. The index has risen and it is approaching the resistance line to break above it. […]
EURUSD Price Analysis – October 12 At the beginning of the week amid Friday’s positive results, EURUSD persists in range, attempting to extend the steady recovery further north of the key barrier past the 1.18 mark. In the meantime, buyers may track closely the dynamics of another important week concerning the UK-EU Brexit negotiations, US […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishEUR/CHF is in a downward move. The bears have broken the lower price range as it continues the downward move. The downtrend may continue if price breaks below level 1.0700. The selling pressure will continue to a low of 1.0625. […]
XAGUSD Price Analysis – October 12 Silver (XAGUSD) buyers push the price to $25.26 level, after initially refreshing the prior week high, during Monday’s European session. XAGUSD is moving higher for the 4th day in a row beyond $25. Silver (XAGUSD) surged higher on Friday, lifted by US stimulus hopes and a weaker US dollar. […]
