Forex & Crypto Market analysis & updates....-By Shivkumar
BTC/USD :- Investors are beginning to worry that BTC was unable to break the $ 40,000/- level. Buyer might buy on the bounce $34,380. But the buyer are not bullish to buy at these level or in a hurry. If $ 35,626 level is broken than it might retest $29,688.10 and further drop expect to $26,932. If $ 35,626 is broken than bulls might attempt $41,959.63 and further reach $50,000.
ETH/USD : - ETH is currently consolidating near the $1,300 to $1,349.10. If the consolidation level is broken the bulls push the price to next target is $1,420 and then $1,675. Bearish if the price turns down from the current levels and breaks below $1,152, and drop to 1,079.
EUR/USD :- trading moves between 1.2075 and 1.2080, currently near 1.2076, during Tuesday’s Asian session, suggest a Bullish chart pattern. Any further upside past-1.2100 and 1.2116 buyers eyeing high above 1.2349. Trend Pull back expected.
GBP/USD :- GBP/USD is gaining its status above the 1.3600 mark and retest 1.3660. The chart pattern and trend looks bullish.
USD/JPY :- USD/JPY rises to 103.76 intraday, around 103.80/85, will challenge the bulls. As per the chart we can expect a pull back.
XAU/USD :- range between $1,841 and $1,830 after bouncing from low for couple of week. US dollar pullback, Virus woes battle vaccine hopes, Incoming Treasury Secretary Janet Yellen’s speech, President-elect Joe Biden’s formal entry into the White House be the key. Unless breaking a range between $ 1844.14 respectively around $1,845 and $1,823, XAU prices are likely to remain sideways.
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