News
Bitcoin hovering around $16,700 Zone
Bitcoin price has gone further below and now trading at the $16,500 level. Bitcoin is in a loss-recovery mode, but may not be able to break through the $16,700 and $17,000 barrier levels. BTC is languishing underneath the $17,200 support line and approaching a bearish zone. Bitcoin has been consolidating its position below the $17,000 […]
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Double Bottom Pattern expected to support GBP/USD
GBP/USD is in recovery mode after being down for 3 weeks. The pair increases 0.11% to end close to 1.2190 after the mid-Asian session on Wednesday. In the process, the pair applauds the broad-based USD decline as the chances of recession fade. A point worth noting is the disappointing US housing stats that helped GBP/USD […]
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Bullish view
Take Profit – 1.2325 Stop loss – 1.2150 Buy Stop Loss – 1.2210 Bearish View Take Profit – 1.2000 Stop loss – 1.2260 Timeline – 1-2 days Support range – 1.2060 Resistance range – 1.2240 GBP/USD plays hide and seek with a break or bounce of 200-day moving average below 1.2100 level. After the recent […]
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EUR/USD Forex Signal: Larger bulls to stay intact above daily Tenkan-Sen
EUR/USD Currently trading at – Above 1.06300 Resistance: 1.0663; 1.0746; 1.0782; 1.0936. Support: 1.0589; 1.0564; 1.0498; 1.0443. The Euro remains on the back foot in European trading on Friday, after Thursday’s drop and formation of bearish engulfing which weighs on near-term action. Euro seemed under a bit of pressure in European trading on Friday after […]
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EUR/USD will have a hard time escaping the force of parity
EUR/USD currently trades above the 1.06 level, however trading pundits believe that the pair won’t easily leave the gravity force of parity. Multiple factors that drive EUR/USD It’s going to be a tough balancing act for forex markets with higher EUR rates on one hand, which will boost the carry-attractiveness of the currency and higher […]
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