PLUS1
Currency
Bitcoin Cash (BCH) Breaches More Resistance Zones, As Bulls Gain More Grounds
09 Apr 2020 @ 16:47
Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Bitcoin Cash has maintained its bullish run as the resistance at $240 and $260 were broken. Unfortunately, BCH reached a high of $280 but was resisted. The bears pulled back to the low of $260. The market is holding above […]
GBPJPY Recovers Momentum Beyond The Level At 134.00
09 Apr 2020 @ 16:05
GBPJPY Price Analysis – April 8 The British pound got some momentum and pushed the GBPJPY cross to fresh session highs, above the level of 134.70. The claim that UK Prime Minister Boris Johnson has been reported to be in a stable state, although he continued in ICU, appeared to be the only variable that […]
Bitcoin (BTC) Drops To $6,828 After A Sudden Price Spike To $7,283
05 Apr 2020 @ 02:38
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish On March 2, there was a price spike as Bitcoin reached a high of $7,283.50. The bulls could not sustain the upward move as Bitcoin fell to $6,828. The bears are defending intensively the $7,000 overhead resistance. BTC is […]
EURJPY Extends Decline Lower Past The Level At 117.08
05 Apr 2020 @ 02:30
EURJPY Price Analysis – April 3 The FX cross extends its lower fall into the European session early underneath the price level at 117.08 as the pair resumed lower. EURJPY acceleration downside remains intact, as sellers tend to force down prices. The pair’s potential target will be on the 116.00 marks. Key Levels Resistance Levels: […]
EURJPY Extends The Sell-Off From The Weekly Highs Towards The Sub-118.87 Region
29 Mar 2020 @ 07:12
EURJPY Price Analysis – March 27 EURJPY fell under market pressure and tumbled to sub-118.87 levels at the time of writing. Japan’s anti-risk yen attained significant ground in the US session, driving the cross to session lows near 118.87 level amid the wide-spread vulnerability of the US dollar and the fall in US stock futures. […]
AUDUSD Rebounds After Plummeting To 0.5506 Levels
20 Mar 2020 @ 05:03
AUDUSD Price Analysis – March 19 The Australian dollar has sunk to the lowest since Thursday, October 2002, after Australia’s central bank lowered interest rates to 0.25%. Despite plummeting to 0.5506 level, AUDUSD pair spiked to fresh session tops in the last hour to about mid-0.5800s level but then stabilized after about 50 pips move […]
Here’s Why the Sell-Off On GBPJPY Could Come To An End Soon
06 Mar 2020 @ 13:29
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
06 Mar 2020 @ 12:45
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?
28 Feb 2020 @ 14:56
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
22 Feb 2020 @ 04:33
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 […]
