Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe Pound is on a downward move. The pair is currently falling. On September 16 downtrend; a retraced green candle body tested the 50% Fibonacci retracement level. The Pound will fall and reach the low of level 2.0 Fibonacci extension […]
The price action surrounding the EUR/AUD continued on its back-and-forth sentiment on Thursday, as the global markets continue to experience a deficit of volatility or market-moving events. Meanwhile, the publication of ECB’s Accounts indicated that the recent appreciation of the exchange rate did not go unnoticed by members of the Governing Council. The Accounts reported […]
Price Analysis – October 08 Should the bears have enough momentum to break down the support level of $2.3, then, the price will be exposed to $2.2 and $1.7 demand level. In case the bulls prevail over the bears, the resistance level of $2.7 will be penetrated and the price will increase to $2.9 and […]
Key HighlightsBCH declines to $212 low and resumes consolidation above $215The crypto risks further depreciation to $198 low Bitcoin Cash (BCH) Current StatisticsThe current price: $225.19 Market Capitalization: $4,174,792,272Trading Volume: $1,341,732,056Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis October 8, 2020Since the last bearish impulse on October 2, […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair has resumed the uptrend. The pair has already fallen to level 74.10 before the resumption of a fresh uptrend. On October 1 uptrend, the pair reached the high of level 76.05 but was resisted. The last retraced […]
New reports suggest that Bitcoin (BTC) is playing out another classic Whale manipulation following yesterday’s sharp $200 drop. This manipulation pattern has been discussed broadly in a previous article. It involves a tactic used by large BTC traders (Whales), which instills panic in the market and causes smaller traders with weaker hands to sell. The […]
GBPJPY Price Analysis – October 7 The GBPJPY cross soared to new daily highs during the early American session, but lacked any follow-through and stayed underneath the 137.00 marks. The offered tone around the safe-haven Japanese Yen (JPY) prompted the GBPJPY cross to regain positive momentum on Wednesday. Key LevelsResistance Levels: 147.95, 142.71, 137.84Support Levels: […]
XRP/USD Market October 04 An increase of the bulls’ momentum may break up the resistance level at $0.25 and if the daily candle closes above the mentioned level, then the price will target the resistance levels at $0.27 and $0.29. Looking downside, the barriers may be found at the support levels of $0.22, $0.20, and […]
EURCAD Price Analysis – October 7 The EURCAD currency pair seems to be giving out upside continuation signals across the board toward the 1.5700 level, in particular on the higher time frames. A tweet from US President Trump caused a downturn in the equities markets and sent the US dollar higher. Oil markets were having […]
