After rejecting the bearish trend line resistance at 0.85249, EUR to GBP slipped lower. Currently, the price is heading towards the triangle support at 0.84800 marks. If the EURO bulls manage to gain bullish momentum from that level, EUR to GBP might head towards 0.85150 mark. A daily closing of [...]
The strong rally in Crude oil price halted after hitting the critical resistance at 65.64, high of 7th January 2020. The crude bulls lost their control from that level due to the geopolitical crisis between Iran and the U.S. Crude oil price sharply dropped breaching major support levels at 60.96. [...]
The EURUSD pair sharply fell in the global market after hitting the major resistance at 1.12384. Though the support at 1.11368 tried to stop the bearish rally, EURUSD bears manage to push lower. Currently, the price is testing the 50% retracement level drawn from the low of 29th November 2019 [...]
After breaking the high of 2nd January 2020, the rally in DAX Index has been capped by the critical resistance level at 13515.80. Currently, DAX Index is consolidating and the breakout might get triggered by the fundamental catalyst. In the case of the bullish scenario, we need to break above [...]
After breaking the high of 27th November 2019 at 28169.58, Dow Jones bulls started its bullish rally. But the DJI bulls lost their strength due to ongoing crisis between Iran and the US. However, the Dow Jones Index regained its bullish momentum after the tension seized between the U.S and [...]
Ripple price started its bullish after the breakout in the rectangle pattern resistance at 0.1983. However, the sharp rise in ripple price was capped by the resistance level at 0.2253. Currently the price trading below the major resistance at 0.2161. Ripple price might head towards that resistance and any bearish [...]
FTSE 100 bulls gained huge momentum in the global market after an optimistic statement from the U.S president. Trump stated, no US. Soldiers were harmed by the Iran attack. The Footsie secured the high at 7675.59. The bullish gain was short-lived and the price dropped towards the critical support level [...]
The GBPUSD pair started its bullish correction after hitting the support at 1.21987, low of 10th October 2019. The bullish rally was capped by the critical resistance level at 1.35095. Breaking above that resistance level might be tough for the cable bulls since we have plenty of resistive candles. However, [...]
The Gold price started its bullish rally after hitting the critical support at $1287.02, 24th May 2019. The bullish rally was capped by the resistance at $1611.95. Helped by the political crisis between U.S and Iran, Gold price managed to secure a record high on 8th January at $1611.95. However, [...]
Bitcoin price started its bullish rally after hitting the critical support at $6480.78. From that level, the bulls continued to push the price of BTCUSD higher and secured a new high at $8445.84, on 7th January. The BTCUSD bulls lost most of the bullish steam after hitting the resistance at [...]
