WHEN THE MARKET BECOMES INTRACTABLEEspecially in the short-term, anyone can make money in the market. However, beating the markets consistently and for the long-term is what most traders find difficult. While trading management and risk control tools are present for prudent traders to employ, they are not the ultimate secret. You can use a good […]
BNBUSD Price Analysis – October 02 The price may change direction if the daily bearish candle closes below the support level of $26.The bearish momentum may extend to the previous low at $24 and $22 support level. In case the demand level of $26 holds, the bullish trend may continue to $30 and $35 resistance […]
Global markets are clearly in no-risk mode ahead of the close of the week. Mixed US employment data has largely been ignored. All attention is focused on the development of the coronavirus infection of US President Donald Trump and their impact on the presidential elections, which will be held in just a month. The yen […]
Bitcoin (BTC) continues to react negatively to yesterday’s unexpected news, after the United States Commodity and Futures Commission (CFTC) and the Federal Bureau of Investigation (FBI) took legal action against top Bitcoin derivatives exchange, BitMEX. About $18 billion has been withdrawn for the global cryptocurrency market since the news broke, and over $20 million worth […]
EURJPY Price Analysis – October 2 EURJPY’s significant progress seems to have encountered a hard obstacle in the 124.20/30 band at the 3-month resistance line. The continuing corrective downside carries the ability to further widen and re-visit the 122.00 region’s September lows. Key LevelsResistance Levels: 127.07, 125.58, 124.24Support Levels: 122.75, 119.31, 117.08EURJPY Long term Trend: […]
USDCHF Price Analysis – October 2 USDCHF takes the bids beyond the 0.9200 level, up 0.21% on a day, ahead into Friday’s American session. A mixed payroll report and rising uncertainty may favor the greenback while a COVID-19 test may elevate the risk sentiment more broadly. Key LevelsResistance Levels: 0.9467, 0.9362, 0.9241Support Levels: 0.9181, 0.9075, […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: RangingThe index is fluctuating between levels 22700 and 23500. The price is fluctuating and testing the resistance and the support levels but unable to break it. The market is now consolidating in the middle of price range. Daily Chart […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP is range-bound between levels 3200 and 3400 since July. In September, the price is trading above the support line to break it. The index will trend if price breaks below it. The index is consolidating above […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe USD/JPY pair is currently in a sideways move. Since July, the Yen has been trading between levels 105.00 and 107.00. Presently, the pair is rising to level 107. On September 21, the Yen fell to level 104 and resumed […]
