Beyond the Mid-131.00 Level, the EURJPY Manages To Recover Upside Momentum
EURJPY Price Analysis – May 7 EURJPY regains its momentum and buying interest, continues to move north. If all other factors remain constant, the exchange rate is expected to rise further in the present trading session. The EURJPY pair’s possible goal may be above the 132.00 marks. The improvement in German 10-year Bond yields appears […]
GBP/USD Bullish Pressure Intensifies!
GBP/USD is trading in the red at the moment of writing but the bias remains bullish. The pair moves sideways within a narrow range. Its failure to confirm a deeper decline in the short term signaled an upside breakout. The US NPF, Unemployment Rate, and Average Hourly Earnings data could be crucial for USD today. […]
Polkadot (DOT) Breaks $40 Resistance, Poises for a Trending Move
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36Polkadot (DOT) Price Long-term Trend: RangingPolkadot (DOT) price is falling on the downside after buyers retested the $40 0verhead resistance. Buyers have retested the overhead resistance severally and broken above it. However, the bulls could not sustain the bullish momentum above the overhead resistance because of the […]
Binance Coin (BNBUSD) Price; Formation of Head and Shoulder Chart Pattern, Price May Fall
BNBUSD Price Analysis – May 07 Further increase in the buyers’ momentum will push the Binance Coin to the resistance level of $663 and if the daily candlestick close above it, then, the price may increase further to test the $758 and $850 resistance levels. Inability to break up the resistance level of $663 by […]
AUDUSD Gathers Momentum Within Initial Trading Range at Mid 0.7700s After USD Weakness
AUDUSD Price Analysis – May 6 In the European session on Thursday, the AUDUSD pair gathered momentum and recovered from its lows at 0.7700 and climbed to the top end of its initial trading range, past the mid-0.7700s. A modest US dollar weakness and a generally positive tone around the equity markets sponsored the intraday […]
USD/JPY Resumes Uptrend as Bulls Targets Level 111.00
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishSince April 26, the USD/JPY pair has resumed an upward move after falling to the low of level 108.00. Firstly, the Yen has broken above the moving averages which indicates a possible rise of the pair. The pair is currently […]
Uniswap (UNIUSD) Price; Resistance Level of $43 Holds, Price May Fall
Uniswap Price Analysis – May 06 When the bulls gain more pressure to break up the resistance level of $43, the price will increase to the resistance level at $50 which may extend to $63 level. In case the bears increase pressure to break down the support level of $37, Uniswap price may decrease to […]
Dogecoin (DOGE) Consolidates near $0.70 High, Further Upsides Are Likely
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BullishToday, the DOGE price is retracing after rallying to the high of $0.70. In the previous price action, the DOGE price was stalled below the $0.40 price level. After a downward correction, the altcoin further decline to $0.15 as bulls bought the […]
EUR/JPY Correction May End Soon!
EUR/JPY was into a corrective phase after reaching the 132.36 level. It has declined as much as 130.98 where it has found support again. Now it has rebounded jumping above the immediate downtrend line signaling that the swing lower could be over. Euro could resume its appreciation if the German Factory Orders and the Euro-zone […]
FTSE 100 (UKX) Struggles below Level 7050, Uptrend Doubtful
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 (UKX) is in an upward move as price broke the resistance at a level of 7000. Today, the uptrend is still rising. However, on April 16, the bulls broke the resistance but buyers could not sustain the bullish momentum. […]
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Author : Michael Fasogbon
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Last Updated: January 16th, 2020
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