Currency

EUR/JPY Reaches an Overbought Region, May Further Rise to Level 136.16

Mar 30 2022 @ 05:32
Key Resistance Levels: 132.00, 133.00, 134.00 Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: Bullish EUR/JPY pair has broken the previous overhead resistance and may further rise to level 136.16. The first uptrend retraced to the low of level 133.72 and commenced an upward move. Further upward move is unlikely as the market reaches the […]
 

Understanding the currency pairs

Mar 28 2022 @ 07:06
If you want to get started trading forex, the first step is to understand the different currency pairs. The value of a currency is adjusted relative to others. Learning to read the price quote is the basic skill of forex trading. Read more about forex pairs here. The very first step when learning to trade […]
 

GBPUSD Faces Rejection at Level 1.3642, May Further Decline to Level 1.2914

Mar 05 2022 @ 05:09
Key Resistance Levels: 1.4200, 1.4400, 1.4600 Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: Bearish GBP/USD is in a downtrend as it may further decline to level 1.2914. On the weekly chart, the currency pair has been fluctuating between levels 1.3160 and 1.3800 since October 25, 2021. The downtrend may resume as price breaks below […]
 

EURUSD Price: Triple Bottom Chart Pattern at $1.11 Support Level, Bullish Reversal Envisaged

Mar 05 2022 @ 04:24
EURUSD Price Analysis – March 5 In case the Bears are able to push the price below the support level of $1.11, then, support level of $1.10 and $1.09 may be tested. Should the just mentioned level is defend by the bulls, the price may continue its bullish trend towards $1.13, $1.14 and $1.16 levels. […]
 

EURCHF Suffers Rejection, but Bulls Are Still Raging

Feb 15 2022 @ 19:58
EURCHF Market Analysis – February 15 EURCHF suffers rejection at a significant price level of 1.06070, but that has not silenced the raging of the bulls. The upsurge in price was cut off abruptly at this resistance level. A slight pullback followed before bulls charged back at the resistance level. The second chargeback was equally […]
 

Lucky Block Market Forecast: LBLOCK/USD Is Set for an Upward Breakout

Feb 03 2022 @ 06:53
Lucky Block Market Forecast – February 3 The Lucky Block market forecast points towards a breakout to the upside after the market conforms to a triangle pattern. LBLOCK/USD Long-term Trend: Bullish (Daily Chart) Key Levels: Resistance Levels: $0.0011500, $0.001370 Support Levels: $0.0009490, $0.0007300 LBLOCK/USD bulls are leveraging on a strong and significant price level to halt the activity...
 

Lucky Block Awaits FTX Listing, On Track for 250,000 Holders in Month

Feb 03 2022 @ 06:42
Lucky Block, the new People’s Lottery platform set to launch on 21 March, is seeing its price consolidate in the $0.00190 to $0.00210 range, with more exchange listings news imminent. The globally focused blockchain-based lottery platform that pays a dividend to all token holders and will be donating 10% of jackpots to charity, is awaiting […]
 

Cardano (ADA) Price Exposes to $0.98 Support Level

Jan 25 2022 @ 05:59
ADA Price Analysis – January 25 When the sellers increase their momentum to push down price below $0.98, the support level of $0.83 and $0.73 may be tested. In case the Support level of $0.98 holds, the buyers may push up the price towards $1.11, $1.30 and $1.46 levels. ADA/USD Market Key Levels: Resistance levels: […]
 

How To Become a Professional Forex Trader?

Jan 24 2022 @ 06:25
The forex market is a quite complicated form of trading. Right off the top, you need to have clear goals. You need to know exactly what you want to achieve. That is what sets a beginner and a professional apart, among other things too. A professional forex trader generally speculates on the currency market in […]
 

Annual Forecast for EURJPY (2022)

Jan 15 2022 @ 08:21
EURJPY Annual Forecast – Price Is Set to Scale New Heights With a Bullish Flag Formation The annual forecast for EURJPY is for it to scale new heights, having conformed to a bullish flag formation. The bullish flag formation, an offshoot of the triangle pattern, began towards the tail end of 2020 as bulls began […]
 
 
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