Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishNZD /USD pair is in an ascending channel. The Kiwi is currently rising and approaching level 0.63000. It is rising but approaching the overbought region of the market. The market may reach the overbought condition at level 0.63000. Daily Chart […]
Read moreUSDCHF Price Analysis – May 26 The USDCHF pair failed to build on its initial rise to highs of one week and now seemed to be slipping down to the lower side of the daily trading range. The range trading under 0.9700 level for the umpteenth session was supported by the risk market mood, which […]
Read moreKey Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe pair is currently in a sideways move between the levels of 110 and 108. The Yen was in an uptrend but it is facing resistance at level 108. The pair is on a downward move as a result of […]
Read moreMany have become befuddled by the recent consolidating (and even depressed) state of Gold and Bitcoin. In a time shrouded by economic uncertainty, shouldn’t safe-haven assets be more preferred by investors? This is the question on the lips of many including a UK research team (CryptoMarketRisk project team) who have indicated that there is significant […]
Read moreKey Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is rising and in an ascending channel. The current uptrend is facing resistance at level 18000. The market is retracing from the recent high. The index is retracing because it has reached the overbought region of the […]
Read moreS&P 500 Price Analysis – May 26 The American S&P 500 is driving past a double test which is especially important. Futures on the S&P 500 (SPX) this morning surpassed level 3000. With the S&P 500 bouncing above 3000 psychological levels, the global markets are progressing higher as investors focused on markets resuming amidst the […]
Read moreLarge cryptocurrency exchange Binance announced the launch of options contracts for Ethereum and XRP. According to the announcement, Binance users will initially be able to access new products only through the Binance mobile app. Last month, Binance announced the possibilities of Bitcoin for its users. With the new offer, ETH and XRP options are available […]
Read moreThe price of Gold (XAU/USD) fell in the Monday trading session as the economic life in Europe seems to be getting friendlier for risky assets, thereby diminishing demand for safe-haven assets. At 13:45 GMT, the gold spot dropped by about 0.6% reaching a low of $1,721/oz. With the European equity market picking up buoyancy and […]
Read moreKey Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trends: BullishThe index is in an uptrend. The bulls have broken the previous resistance at level 11000 as the market makes an upward move. The DE30EUR is currently trading at level 11373 at the time of writing. The price will […]
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