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 on a downward move. A green candle body tested a 50% Fibonacci retracement level. The Yen will fall and reach a low of 2.0 Fibonacci extension level. In other words, the downtrend will extend to the […]
USDCHF Price Analysis – September 15 The USDCHF pair maintained its selling bias through the first half of the European trading session, staying low for the 5th day in a row beneath the 0.9100 level. The pair extended its recent rejection slide from the 0.9200 marks amid sustained selling around the US dollar. Key LevelsResistance […]
The Nasdaq 100 (NDX) futures have experienced a slight retrace in the early Asian session on Tuesday, after rising by about 1.8% on Monday. This came on the back of an announcement by the CEO of Pfizer (NYSE: PFE), Albert Bourla, that a COVID-19 vaccine could be available for deployment to the public by the […]
The risk sentiment got a lift on the upbeat Chinese activity data and the above headlines, as S&P 500 upside bias continues beyond 3400 levels and jumped back in a bid to re-test 3450 levels. Note that China’s compliance with buying the US products under the Phase 1 trade agreement is about to reach just […]
Key HighlightsLitecoin fluctuates between $45 and $51The range-bound movement will continue for a few more days Litecoin (LTC) Current StatisticsThe current price: $49.48Market Capitalization: $3,238,777,591Trading Volume: $2,155,437,256Major supply zones: $70, $80, $90Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis September15, 2020Litecoin has continued to be range-bound between $45 and $51. The price action […]
Luck has found Bitcoin (BTC) as it finally breaks above the $10,580 range top and is now marching towards the $11,000 psychological line. According to bitcoinup.io, the surge was likely sponsored by an influx of about $12 billion into the cryptocurrency market during the earlier hours of today. This investment influx has lifted the entire […]
A spokesman for British Prime Minister Boris Johnson said on Monday that the domestic market bill would protect trade between the four UK countries while maintaining leading global standards. British Prime Minister Boris Johnson told Parliament that the adoption of the Internal Market Bill will give Britain a “more realistic opportunity” to conclude a trade […]
Gold (XAU/USD) is trading on positive sentiment as we head into the Federal Reserve’s meeting scheduled to begin tomorrow. The uptick appears to be preparing the commodity for a breakout above its recent consolidation range. A dovish stance by FOMC officials in the two-day meeting will likely re-establish a bullish sentiment for the yellow metal. […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: RangingGermany 30 is range-bound between levels 12200 and 13200. Buyers face rejection at level 13200. The index has been fluctuating for over three months. Daily Chart Indicators Reading:Presently, the SMAs are sloping horizontally indicating the sideways move. The index […]
