Gold price climbed higher and traded above the $1,750 resistance. Crude oil price declined below the $86.00 and $83.80 support levels.
Important Takeaways for Gold and Oil
· Gold price found support near the $1,700 level and started a fresh increase against the US Dollar.
· There was a break below a key bullish trend line with support near $1,772 on the hourly...
GBP/USD climbed towards 1.2000 before it faced sellers. USD/CAD is rising and might gain pace above the 1.3450 resistance zone.
Important Takeaways for GBP/USD and USD/CAD
· The British Pound was able to move above the 1.1800 and 1.1900 resistance levels.
· There is a key bearish trend line forming with resistance near 1.1900 on the hourly chart of GBP/USD.
·...
BTCUSD: Shooting Star Pattern Below $17110
Bitcoin was unable to sustain its bullish momentum and after touching a high of 17110 on 15th Nov, the prices started to decline against the US dollar touching a low of 15509 on 21st Nov.
The global demand for bitcoin continues to remain weak, and the prices are expected to break below the $15000 handle soon.
We can...
EUR/USD is eyeing a fresh increase above the 1.0320 resistance zone. USD/CHF is correcting gains and might test the 0.9475 support zone.
Important Takeaways for EUR/USD and USD/CHF
· The Euro started a fresh decline and tested the 1.0220 support against the US Dollar.
· There is a major bearish trend line forming with resistance near 1.0315 on the hourly chart...
ETHUSD: Bullish Engulfing Pattern Above $1075
Ethereum was unable to sustain its bullish momentum and after touching a high of 1230 on 20th Nov, the prices started to decline against the US dollar touching a low of 1078 on 22nd Nov.
After this decline we can see some upwards correction in the levels of Ethereum towards the $1200 handle.
We can see a three...
AUD/USD is moving higher and might accelerate higher above 0.6780. NZD/USD is also rising and might aim more upsides above 0.6300.
Important Takeaways for AUD/USD and NZD/USD
· The Aussie Dollar started a fresh increase above the 0.6550 and 0.6640 levels against the US Dollar.
· There is a key bullish trend line forming with support near 0.6715 on the hourly...
GBP/USD started a downside correction from the 1.2150 resistance. GBP/JPY is diving and there are chances of a move towards the 166.00 support.
Important Takeaways for GBP/USD and GBP/JPY
· The British Pound struggled to clear the 1.2150 resistance zone against the US Dollar.
· There is a key bullish trend line forming with support near 1.2040 on the hourly...
