The weekly jobless claims report on Thursday was better than expected. However, analysts note that the marked decline in initial claims has been exaggerated due to a change in methodology and is not a sign that the labor market recovery is gaining momentum. The level of new and ongoing requirements remains high, signaling that the […]
Bitcoin (BTC) has undergone a dramatic loss extension, as it shed more than $1000 in just under 24 hours. In yesterday’s analysis, we speculated that Bitcoin could consolidate for a while before a major breakout. Based on our 4-hour chart, that is exactly what happened. After a while of holding around the $11,400-200 region, BTC […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: RangingAU200AUD is range-bound between levels 6000 and 6200 since May. It is consolidating in a tight range. Besides, the market is in a tight range. Buyers have tested the resistance line at three occasions to break it. The index […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe EUR/GBP pair is on a downward move. The pair rebounds above level 0.8850. It is making an upward move to the recent high. The selling pressure has been exhausted as prices move up. Daily Chart Indicators Reading:The 50-day and […]
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 is currently trading in an uptrend. The price is currently facing rejection at level 78.00. The Yen is currently making a downward move. It is not clear the extend of the downward move. Daily Chart Indicators Reading:The […]
AUDUSD Price Analysis – September 3 The AUDUSD pair, which ended the prior two days in the negative territory, enlarged its daily fall and fell to 0.7296 level as broad-based USD strength continues to weigh on the AUDUSD under 0.7300 level. As of writing, the pair was down 0.55 percent daily. Key LevelsResistance Levels: 0.7620.7413, […]
Gold (XAU/USD) has renewed its weekly lows in the early European session on Thursday, although it lacked any significant follow-through sell-off and has recovered a bit from its fall. The yellow metal began its retracement from the $1992 level (its 2-week high) and has continued on a depressing sentiment for the second consecutive session now. […]
EURUSD Price Analysis – September 3 In the second half of the week, the selling bias stays consistent around the common currency, with EURUSD challenging 5-day lows initially while expanding corrective downside beneath 1.1800 level. Besides that, USD-dynamics continues to be the primary catalyst for the global market price action. Key LevelsResistance Levels: 1.2011, 1.1965, […]
Bitcoin SV Price Analysis – September 03 The Bearish trend may continue as long as sellers’ pressure is maintained or increase and the demand level of $153 will be the target, below it is a major support level at $134 and $130 price level. BSV/USD Market Key Levels: Resistance levels: $185, $198, $217 Support levels: […]
