Bitcoin’s (BTC/USD) erratic price action over the past few days has kept its near-term trend in obscurity, as it is yet to close above or below any key technical level. Many analysts now believe that a highly bullish pattern is emerging, which could have a major influence in the near-term. The ascending triangle, which we […]
According to forecasts by analysts at Wells Fargo, the eurozone economy will contract by 8.3% in 2020. They expect a 4% GDP growth in 2021. They revised up their forecast for global growth by one-tenth of a percentage point for 2020 and three tenths for 2021, to -3.7%, and 4.7%, respectively. “The level of economic […]
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 still trapped between levels of 1.0700 and 1.0800. Price is fluctuating in the middle of price range. The pair is falling and approaching the lower price range. Since July, the key levels of the market are yet to […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: RangingFrance 40 index is in a sideways move. The index is currently fluctuating between levels 4800 and 5200. The price is now rising to the resistance level at level 5200. The uptrend will continue if price breaks above the […]
Gold (XAU/USD) has grown by about $60 from yesterday’s low of $1,862 in the early European session today and was last seen trading around the $1,935 region. Yesterday’s low was gold’s lowest recorded point in three weeks. Meanwhile, the yellow metal appears to have snapped its three-day losing consecutive streak and stalled the recent drastic […]
GBPJPY Price Analysis – August 12 On Wednesday the GBPJPY pair advanced higher for the 3rd day in a row and was last seen trading just beneath mid-139.00s – the highest level since June 8. The Yen is known for its safe-haven qualities and the pound is a questionable bid in the face of worsening […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie is in a downward move. The price is retesting the resistance line of the descending channel. A downward move will follow if price faces rejection at the resistance level. The pair is trading at level 1.3290 at the […]
XAGUSD Price Analysis – August 12 Silver prices remain under pressure after bouncing down from $23.44 to $26.28 levels, up 3.5 percent a day, during Wednesday’s European session. The price bounce on XAGUSD loses momentum close to $26.50 level. The price of the precious metal dropped sharply as investors made profits in a bond yield […]
XRP Weekly Price Analysis – August 12 Further increase in bears’ pressure may decline XRP price to $0.24 and this may extend to $0.20 and $0.17. In case the bulls oppose the price declination at $0.24 support level, it may reverse and increase to target the resistance levels at $0.29, $0.33 and $0.36. XRP/USD Market […]
