AUDUSD Price Analysis – August 6 AUDUSD declines from the intraday high of 0.7216 level to 0.7177 level, during early Thursday. Besides that, the pair register gains from the run-up to refresh a multi-month high at 0.7241 level for the third day in a row after the prior session. In the following trading session, the […]
Gold (XAU/USD) traded into the early European session on Thursday and was last spotted trading around the $2,050 region, a few points below the $2,055 all-time set yesterday. Investors continue in their worry over the pandemic-induced economic crisis and the dwindling prospects of a sharp recovery. This has largely favored the yellow metal in securing […]
EURUSD Price Analysis – August 6 EURUSD is seeing a gradual increase and scarcely influenced by a recent price falling. EURUSD entered the pressure zone for selling, at around 1.1916 level. The move here was instantly and dramatically rejected, prompting EURUSD to sink by over 50 pips. Nonetheless, another rally may stay unclear if tensions […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: RangingThe AUD/JPY pair is on a sideways trend. The pair fluctuates between level 73.00 and 77.00. The price tested the resistance line in July but was repelled. It fell to level 75.00 and resumed a fresh uptrend. This has been […]
Key HighlightsBCH consolidates in a tight range between $280 and $300The coin will reach a possible high of $350 Bitcoin Cash (BCH) Current StatisticsThe current price: $292.34 Market Capitalization: $5,402,984,616Trading Volume: $1,870,360,040Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis August 6, 2020The price movement has been relatively stable […]
XRP Weekly Price Analysis – August 06 Should the bulls push up the price to reach the resistance level at $0.33 and the level does not hold the price, the next resistance level can be found at $0.36 and $0.39. In case the bears manage to push the price below the support level at […]
Bitcoin’s (BTC/USD) appeal as a hard asset is waxing stronger by the day. The cryptocurrency appears to have formed a correlation with gold, silver, and other traditional safe-haven assets. As a result, Bitcoin has been losing its ties with the equities markets, which speaks volumes of the benchmark cryptocurrency’s budding stability. Analysts believe that this […]
Dollar selloff strengthens at the beginning of the American session after the report on ADP performance far lags behind expectations. A strong upward revision of the indicator for the previous month only worsens the picture, exaggerating the sharp slowdown in the labor market recovery. At the moment, the yen is following the dollar, which is […]
GBPJPY Price Analysis – August 5 The GBPJPY regains traction upward despite being taken aback by a withdrawal near the level of 139.00 and rapidly retreated in the early North American session around 45 pips. The GBP buyers have largely shaken off fears about the second wave of coronavirus infections and anxiety of a no-deal […]
