Currency

Here’s Why the Sell-Off On GBPJPY Could Come To An End Soon

Mar 06 2020 @ 08:29
As of late, fears of the coronavirus have weighed down on markets. Risk currencies which include the British pound have gotten sold off in favor of safe haven assets like the Japanese yen. In fact, the daily chart of GBPJPY proves this. Created with an  ATFX MT4 account.    As of this writing, there are […]
 

USDCHF Remains Beneath The 0.9600 Level Despite The Greenbacks Rebounding Bond Yields

Mar 06 2020 @ 07:45
USDCHF Price Analysis – March 3 The Fx pair stays on the defensive through Tuesday’s early European session into American session and is currently positioned close to the lower end of its daily trading range, around the low-level area of 0.9515. The risk-on flow helped the bond yields from the U.S. Treasury to stage a […]
 

Why is the EURUSD Up, While Italian Coronavirus Cases Grow Exponationally?

Feb 28 2020 @ 09:56
The Euro has been racing higher this week despite the center of the latest leg of the Coronavirus being Italy. Many find the gain in the Euro being intriguing, and in this short article, we will try to explain why this is the case. Sharp Growth Rate of Coronavirus Spread in Italy On January 25, […]
 

The Sharp Recovery In EURJPY Lose Momentum, Falters Beneath The Level At 121.00

Feb 21 2020 @ 23:33
EURJPY Price Analysis – February  21 The single European currency rose 88 basis points or 0.73% against the Japanese yen in the previous session. After two consecutive sessions showing strong growth, EURJPY is now losing some momentum amid JPY bulls. Key Levels Resistance Levels: 122.37, 122.87, 121.00 Support Levels: 119.99, 117.08, 115.83 EURJPY Long term […]
 

Ripple (XRP) Starts New Uptrend, Battles Next Resistance At $0.34

Feb 16 2020 @ 13:20
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bullish On February 11, Ripple slumped to the low of $0.26 and rebounded as the coin reached a new high of $0.32. Before this time, the bulls have been finding it difficult to break the resistance at $0.28. Analysts are […]
 

Bitcoin (BTC) Bounces As Uptrend Gains Ground

Feb 07 2020 @ 21:43
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish In the last 24 hours, the bulls have held on the price above $9,700. The positive upward move was as a result of the rebound on February 4. Previously the coin was range-bound between $9,200 and $9,600. Buyers […]
 

XAUUSD Bulls Attempt A Run At The 1575 Level Barrier

Feb 07 2020 @ 21:34
XAUUSD Price Analysis – February 7 The increasing tension in the Coronavirus crisis could push gold upward, trying to reach the $ 1,575 level. The yellow metal strengthened despite stock market growth following the publication of economic data that exceeded expectations. However, the mood for assets at risk improved significantly as fears of coronavirus eased […]
 

GBPUSD: Pound Sterling at Risk of Reaching 1.2677 on Strong NFP Report

Feb 07 2020 @ 07:18
The pound sterling has been volatile over the last few weeks, and the volatility looks to increase as US data has outperformed expectations recently, and the US Non-farm payrolls figures are out this afternoon. On Friday last week, the GBPUSD pair breached a triangle pattern with a target of 1.3350, however as the dust settled […]
 

GBPUSD Retreats Beneath The Level At 1.31 Amid Greenback’s Resilience

Jan 29 2020 @ 00:46
GBPUSD Price Analysis – January 26 GBPUSD is trading beneath the 1.31 level after reaching a new high of 1.3172, as the dollar’s resilience did not allow the pair to gain momentum. The US dollar is gaining strength in all directions. Key Levels Resistance Levels: 1.3600, 1.3514, 1.3280 Support Levels: 1.3000, 1.2582, 1.1958 GBPUSD Long […]
 

Bitcoin (BTC) Shows Strength, Sustains Hope On Uptrend

Jan 29 2020 @ 00:38
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging After the rejection of  price at $9,200, the downward move was extended to a low of $8,250. Analysts were of the opinion that Bitcoin will bounce if price falls and tests the low of $8,250. From every indication, […]
 
 
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