Trading Briefs

Trading Briefs

Silver Price: XAGUSD Nosedive to the Base Amid Strong US NFP Report

XAGUSD Price Analysis – March 7 The price of the white metal came under immense pressure in the prior session and briefly dipped below the $25.00 level. A move beyond the $25.00 breakpoint will negate the selling bias. The lack of lasting downside probably owes itself to the fact that US government bond yields, which […]

1 h

EURJPY Bullish Impulse Sustains Price Towards 130.00 Level

EURJPY Price Analysis – March 5 The continuation of the selling sentiment in the Japanese yen lends extra legs to the EURJPY beyond 129.00 level at the weekend. In the meantime, the pair sustains its upside sentiments price towards the round number at 130.00. As equities and U.S. yields continue to show a strong united […]

2 ds

Binance Coin (BNBUSD) Price Is Heading Towards Support Level at $142

BNBUSD Price Analysis – March 05 Further decrease in price is envisaged and the support level at $196 is likely to be tested. The breaking down of the just mentioned level will expose the coin to $142 and $117 price level. In case the decrease in price is interrupted by the bulls, the price may […]

2 ds

Uniswap (UNIUSD) Price Is Retesting $28 Resistance Level

Uniswapr Price Analysis – March 04 In case the bulls were able to push up the price above $28 price level, and the daily candle close above the resistance level, then, the resistance level at $32 and $40 may be reached. Failure to break up the resistance level at $28, the bears may reverse the […]

3 ds

AUDUSD Takes Bid to 0.7815 Level Devoid of Follow-Through, Aussie Underpinned by GDP

AUDUSD Price Analysis – March 4 The AUDUSD pair witnessed some buying on Thursday and seems to stall around the 0.7815 level of its daily trading range. AUDUSD buyers are holding the higher ground above 0.7800, extending the recovery gains in early European trading. The Aussies advance is led with support from better than expected […]

3 ds

S&P 500 Steers the Upside Around the 3900 As Relief Bill Sparks USD Bears

S&P 500 Price Analysis – March 3 The S&P 500 swings around 3,897, up 0.68% during the European session on Wednesday. After its decline in the prior session, the index steers the upside from 3,868 lows past 3,900. The influx of liquidity that is supposed to come when Congress passes the upcoming relief bill could […]

4 ds

Stellar Price Is Awaiting a Breakout

STELLAR Price Analysis – March 03 The breakout of the price at the lower trend line of the triangle will push down the price to $0.33 and $0.22 price level. In case the breakout take place at the upper trend line of the triangle, the price will be targeting the resistance level at $0.50 and […]

4 ds

USDCHF Upside Impulse Continues Beyond Mid 0.9100 Amid Shift in Dollar’s Outlook

USDCHF Price Analysis – March 2 The USDCHF pair added to the prior day’s positive traction during the early European session on Tuesday breaking higher beyond the mid 0.9100 marks. This advance comes as the dollar’s strength continues for the second day in a row with a noticeable shift in the market’s dynamics. The US […]

5 ds

ADA/USD Price May Reverse at $1.46 Resistance Level

ADA Price Analysis – March 02 Should the bears further increase their momentum and push the price to the support level of $1.11, then, $0.98 level may be tested. In case the price is rejected at the $1.23 level, the price may continue bullish movement. The resistance level can be found at $1.46, $1.68, and […]

5 ds

EURUSD Selling Gains Traction Beneath 1.2050 on Anticipated US Data

EURUSD Price Analysis – March 1 The EURUSD pair topped near 1.2101 early on Monday during the European session and started a fresh decline. The currency pair looks south faces the probability of increased selling traction towards the 1.2020 levels during the session. The expected release of US- ISM may likely show robust growth in […]

6 ds
Learn 2 Trade Forex News & Strategies

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Author : Michael Fasogbon


Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.