Key Highlights Litecoin next target is to retest the $65 high if the current resistances are breached The coin faces initial resistance at the high of $60 high as it drops to $58 Litecoin (LTC) Current StatisticsThe current price: $58.24Market Capitalization: $3,795,603,315Trading Volume: $2,218,738,506Major supply zones: $70, $80, $90Major demand zones: $50, $30, $10 Litecoin […]
The dollar continued to rise early in the day but eventually gave up during US trading. The dollar rose for no apparent reason outside of the position adjustment at the beginning of the month. EUR/USD bounced off the 1.17 level, while GBP/USD found buyers around 1.30, clearly reflecting the limited interest in the dollar. In […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: RangingThe index is range-bound between levels 12000 and 13000. Since June the index has been fluctuating within the key levels. Today, price is rising above the support level after a downward move in the previous day. The key levels […]
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 1.0700 and 1.0800. Today, buyers are still making frantic efforts to break above the resistance line but were repelled. In previous instances, the pair made partial breakout and then pulled back into the range-bound […]
Gold (XAU/USD) appears to have entered a consolidation phase after failing to sustain its break above the $1,983 resistance in the Asian session yesterday. The exacerbating Coronavirus crisis across the globe coupled with worries over the US fiscal deadlock bolstered demand for gold throughout last week, while the US dollar got displaced. Gold spot reached […]
EURUSD Price Analysis – August 3 EURUSD has begun the week on a negative basis and is adding losses underneath the 1.18 benchmark to the prior session low, all amid a widespread profit-taking trend and a strong dollar correction. EURUSD ended the session on Friday in the negative territory as the push to fresh 2-year […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingThe EUR/GBP pair is in a downward move after a range-bound movement since May. The price has broken the bullish trend line. It is an indication of a further downward move. The pair is currently correcting upward at level 0.9000. […]
XAGUSD Price Analysis – August 3 On Monday, Silver inched higher to $25.00 level before falling back marginally as infection cases grew, and a tumultuous budget dispute in the US diverted more funds to safe havens. Over the last eight weeks, the white metal has been in the green, increasing its multiple months’ old uptrend […]
XRP Weekly Price Analysis – August 03 In case the bulls continue to dominate the XRP/USD market, the price may soar to the resistance at $0.33, $0.36, and $0.39 levels. On the downside, traders should expect the next support levels at $0.29, $0.24, and $0.20. XRP/USD Market Key Levels: Resistance levels: $0.33, $0.36, $0.39 Support […]
