Gold (XAU/USD) etched lower through the early European session on Thursday and was last spotted trading under the $1947 resistance. Traders appeared to be disappointed with yesterday’s Federal Reserve policy statement, which showed that the bank remained committed to keeping interest rates lower for longer to help bolster inflation. With the absence of any quantitative […]
AUDUSD Price Analysis – September AUDUSD takes the bids beyond 0.7300 levels to reverse the early losses while trading near 0.7285 level and recording an intraday low of 0.7253 level, during the early Thursday. Australia’s Unemployment Rate slipped underneath a 7.7 percent forecast and 7.5 percent before 6.8 percent in August. Key LevelsResistance Levels: 0.7413, […]
EURUSD Price Analysis – September 17 EURUSD has retained range trading beyond 1.1750 level after approaching the 1.1740/35 levels during the early trading hours. The mixed Eurozone inflation data struggled to move the shared currency, as EURUSD retained its range beyond the 1.1750 level, with mild rallies on data release. Key LevelsResistance Levels: 1.2011, 1.1965, […]
Bitcoin SV Price Analysis – September 17 Increasing in the buyers’ momentum will break up the resistance level at $171, which may increase to $185 and $198 resistance level. In case the buyers fail to break up the resistance level of $171, the sellers may push the price to break down the support level at […]
Key HighlightsBCH faces selling pressure at the $240 resistance The current support at $215 is well defended by the bulls Bitcoin Cash (BCH) Current StatisticsThe current price: $234.10Market Capitalization: $4,335,366,602Trading Volume: $2,976,837,476Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis September 17, 2020For the past two weeks, BCH […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: RangingFrance 40 index is in a range bound move. The index is currently fluctuating between levels 4800 and 5200. Since June, the market is yet to trend; rather the price now consolidates in the middle of price range. The […]
Bitcoin (BTC) has broken a key resistance despite weakness across other altcoins. After bottoming out at $9,800 last week, the cryptocurrency has grown by more than $1,000 as it now trades at $11,027 at press time. This surge was likely a ripple-effect from MicroStrategy’s 10,000 BTC purchase. However, many traders fear that this goodish bounce […]
GBPJPY Price Analysis – September 16 During the early American session, the GBPJPY cross notched higher and renewed daily highs, in the last hour around the 136.40 area. Despite growing concerns of a no-deal Brexit, the uptick was backed by a pickup in demand for the British pound. Key LevelsResistance Levels: 147.95, 142.71, 138.38Support Levels: […]
XAGUSD Price Analysis – September 16 Silver treads water beneath mid $27.00 level ahead of the Federal Reserve statement on Wednesday and in doing so, the white metal traders attack the barrier line of the upside formation, amid red signals from the indicators. The prices of precious metals are pressured as the markets brace for […]
