Trading Support and Resistance
This week, we make no forecast, as there were no strong counter-trend price movements. This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching…. Read more »
Tag: resistance
Gold Price Forecast: Has Bullion Hit Resistance?
Gold Talking Points The price of gold consolidates after trading to a fresh record high ($1981) in July, but the extreme reading in the Relative Strength Index (RSI) may be… Read more »
XAG/USD probes short-term triangle resistance above $23.50
Silver prices extend recoveries from 200-hour EMA to attack a three-day-old resistance line. An upward sloping trend line from July 22 adds to the downside support. Bullish MACD, safe-haven demand… Read more »
GBP/USD Technical Analysis: Breaking the 1.3000 Resistance
As for the global Coronavirus developments, the British government came under pressure due to tightened travel policies after criticizing its sudden decision to remove Spain from its safe list, a… Read more »
Battles 1.2900 following pullback from monthly rising channel’s resistance
GBPUSD eases from 1.252, the highest since early-March, towards 1.2900. Overbought RSI conditions, resistance line of a bullish chart pattern favor the Cable’s further weakness. 200-bar SMA adds to the… Read more »
Euro Forecast: Exhaustion Arrives as Rallies Reach Resistance
Euro Forecast Overview: The Euro has been the best performing major currency in recent weeks, but ahead of the July Fed meeting, it appears that several EUR-crosses may be ready… Read more »
Chainlink Loses Key Price Support as Bitcoin Shatters $10,000 Resistance
Key Takeaways Chainlink secured a partnership to showcase its technology in the banking system A new Chainlink partnership failed to spark interest among investors with LINK to breaking below a… Read more »
Bitcoin Soars 12% & Smashes Crucial Resistance: Bulls Aim $12K
Bitcoin rallied over 10% and it broke the key $10,500 resistance against the US Dollar. BTC is now trading nicely above $11,000 and it seems like the bulls are aiming… Read more »
AUD/USD support and resistance levels ahead
Technical analysis chart for the ozzn Australian dollar with S&R This via analysts at Credit Suisse, see what you think: CS commentary (in very brief) AUDUSD is consolidating as expected… Read more »
Euro Faces a Key Resistance Level
EUR vs JPY Technical Outlook Bullish momentum eased but the bias remained EUR vs JPY price eyes a test of the weekly support EUR/JPY Price- A Multi-Week High On July… Read more »