PLUS1
Technical Analysis
USD/CAD Is in an Oversold Region as Buyers Are Likely to Emerge
Jan 21 2021 @ 02:54
Key Resistance Levels: 1.4200, 1.4400, 1.4600 Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: Bearish The Loonie is likely to continue its downward move. The recent upward move has been repelled by the 21-day SMA. Presently, the pair is falling and has fallen to the low of 1.2690. The loonie may reach the low […]
GBPJPY Attempts Upside Advance Beyond 142.33 Level on UK’s Vaccine Rollout Optimism
Jan 21 2021 @ 02:41
GBPJPY Price Analysis – January 21 GBPJPY’s upside march attempts to advance beyond the 142.33 level with a strong impulse to test the higher barrier at 142.71 level. The optimism about the UK’s vaccine campaign and lower cases is strengthening the case for stability in Pounds Sterling. Key Levels Resistance Levels: 147.95, 144.95, 142.71 Support […]
XRPUSD Is Ranging Within $0.28 and $0.21 Levels, Awaiting a Breakout
Jan 13 2021 @ 08:56
XRP/USD Market An increase in the bears’ pressure may penetrate the $0.21 level; the price may decrease further to $0.17 and $0.10. In case the support level of $0.21 holds, the price may reverse and the resistance levels of $0.28, $0.39, and $0.49 may be tested. Key Levels: Resistance levels: $0.28, $0.39, $0.49 Support levels: […]
Litecoin (LTC) Resumes Upward Move as Bulls Buy the Dips
Jan 13 2021 @ 08:49
Key Highlights Litecoin slumps to $121 low and resumes upward The altcoin will further decline to $73 if the support at $120 cracks Litecoin (LTC) Current Statistics The current price: $144.63 Market Capitalization: $9,613,048,370 Trading Volume: $12,189,426,086 Major supply zones: $120, $140, $160 Major demand zones: $90, $70, $50 Litecoin (LTC) Price Analysis January 12, […]
Annual forecast for Facebook (2021)
Jan 12 2021 @ 01:51
Facebook stock (NASDAQ:FB) is not an attractive market at all. Price is quite choppy and it is now caught in an equilibrium zone. Since June 2020, the equilibrium movement has started and it makes price oscillate between the upper and the lower Trendlines. The RSI period 14 is also between the levels 40 and 50; […]
Annual forecast for Gulf Keystone (2021)
Jan 12 2021 @ 01:32
Gulf Keystone shares (LSE:GKP) are very strong right now and they will become stronger and stronger for most part of 2020. The bullish momentum has become very prominent since the recent bearish trend ended in November 2020. The bullish movement that has been witnessed in this month of January 2021 has been quite spectacular as […]
Gold Price Analysis — January 6
Jan 06 2021 @ 16:54
Gold (XAU/USD) traded on a sideways pattern in the early European session on Tuesday, as the commodity struggled to capitalize on its bullish momentum from the previous two sessions. It appears that the market has begun pricing in the possibility of a Democratic win in the crucial US Senate runoff elections in Georgia. The final […]
Silver Price: XAGUSD in a Run Towards $27.50 As the Dollar Becomes Weaker
Jan 06 2021 @ 16:43
XAGUSD Price Analysis – January 6 Spot silver (XAGUSD) is looking to break the $27.50 level as the white metal breaks out of its recent high of $26.77 during Monday’s early European session. Overall, the market remains patchy, but the dollar as a whole is weakening as markets wait to see what happens with US […]
Annual Forecast for GBPUSD (2021): After Plunge to Historic Lows GBPUSD to Further Recover
Dec 31 2020 @ 00:57
GBPUSD hit an all-time low of 1.1409 in early March 2020 in response to the coronavirus crisis. Although the pair hit a 35-year low, the pair rebounded and continued to rally amid Brexit hopes, reaching a new 2020 high of 1.3554. The risk remains heightened as long as there is hope for Brexit. Key Levels […]
Annual Forecast for EURUSD (2021): Anticipated Price Surge to 1.2555 Level Stays Stronger
Dec 31 2020 @ 00:31
Euro Dollar Exchange Rate – EURUSD is expected to trade at 1.22 and higher in 2021 by the end of this quarter. After COVID-19 disrupted financial markets and the global economy in 2020, the US dollar as a whole has weakened. Participants in the European foreign exchange market hope to see a return to economic […]
