Bitcoin (BTC/USD) continued on its arduous struggle to get back into the ascending wedge in today’s trading session following its $500 decline on the 21st of August. This previous key support (the ascending trendline line), which helped BTC multiple times on its recent bull run, is now the major hurdle preventing the cryptocurrency from regaining […]
Gold (XAU/USD) continued in a depressed state through the trading session on Monday after it failed, once again, to hold on to its gains. The yellow metal recorded a daily high of $1962, but was immediately met with strong bearish pressure and was sent down as far as $1927. At press time, gold is trading […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: RangingThe index is range-bound between levels 12400 and 13200. The index fell to level 12900 and it is making an upward move. The price is now testing the resistance level. A downward movement of prices is expected. Daily Chart […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingEUR/CHF is fluctuating between levels 1.0740 and 1.0840. The price has fallen to a lower price range. Each time price falls to the lower price range, it will consolidate and then resume upward. Buyers are likely to take control of […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingSince on June 29, EUR/GBP has been fluctuating between levels of 0.89500 and $0.9150. These range-bound levels have not been broken in the last three months. Today, price is rising to retest the resistance level. Daily Chart Indicators Reading:The 50-day […]
EURUSD Price Analysis – August 24 The Euro recovered traction during the European session on Monday after the decline of 0.5 percent on Friday, but there is still a risk of a deeper pullback. The multi-month high pullback at 1.1965 level meets buyers at 1.1754 level, and the continuing extension past 1.1800 level today, triggers […]
Gold (XAU/USD) climbed higher in the early European session and has formed a new top around the $1950 area. After a brief consolidation phase in the early Asian session on Monday, the yellow metal appears to have found decent traction following the emergence of some selling pressure around the US dollar (DXY). The prevailing political […]
XAGUSD Price Analysis – August 24 Silver stays lackluster at around $26.45 level, up 0.25 percent a day, during Monday’s trading session in European markets. The White metal bounces off near-term lows near $26.20 level while prices increased as risk sentiment improves after the U.S. drug regulator approved the use of blood plasma from recovered […]
ADA Price Analysis – August 24 The price may bounce and continue on the bullish trend in case the demand level at $0.11 holds and it will encounter resistance at $0.13, $0.15 and $0.17 levels. It will continue its bearish momentum when it breaks down the demand level at $0.11 and more support level can […]
