Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trends: BullishGermany 30 is in an uptrend. The index rose to level 13000 and was resisted. A candle body tested 0.618 Fibonacci retracement level. This indicates that the pair will rise and reach level 1.618 extension level. The upward […]
Read moreKey Resistance Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: BullishEUR/CHF pair is in an uptrend. A correction candle body tested the 0.382 Fibonacci retracement level. It indicates that the market will reach a low of 2.618 extension level. EUR/CHF’s first target will be at level 1.618 Fibonacci extension […]
Read moreKey Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe EUR/GBP pair is in an uptrend. The bulls have broken the resistance at level 0.90800 and it is approaching level 0.92000. A correction candle body tested the 0.618 Fibonacci retracement level. It indicates that the pair will rise and […]
Read moreGold (XAU/USD) resumed its struggle to capitalize on its recent bullish momentum for further gains and was last spotted trading around the $1,770 pivot region. The rapidly increasing number of new cases globally has illustrated that the fight against Covid-19 is far from over and a full economic recovery will take much longer than expected. Optimism […]
Read moreEURUSD Price Analysis – June 29 The single currency seems to have left some of the recent negativity aside and is now pushing EURUSD to new daily highs in the vicinity of 1.1273 level beyond 1.1257 marks while losing some momentum later on. Meanwhile, investors continue to evaluate the rate of economic growth in the […]
Read moreXAGUSD Price Analysis – June 29 In the prior session, the white metal struggled to break through the upper end of its momentum and is now trading around the level at $17.84 beyond its key level of $17.63 per ounce. In the recent few sessions, buyers have attempted to create a solid grasp over the […]
Read moreOne year ago, Facebook announced its new digital currency, called Libra technically owned by the Libra Association, a separate entity set up in Switzerland, which now includes 27 members: mostly tech companies like Uber and Spotify, and VC firms like Andreessen Horowitz and Union Square Ventures. The Libra project has slowly moved forward been mired […]
Read moreGBPUSD Price Analysis – June 28 The GBPUSD pair briefly crashed, hitting a fresh June low of 1.2314 level, gaining some mere 15 pips regardless of the closing. The crash was the result of demand from the revived dollar on a risk-averse market. Key LevelsResistance Levels: 1.3514, 1.2812, 1.2560Support Levels: 1.2300, 1.2075, 1.1409GBPUSD Long term […]
Read moreGBPJPY Price Analysis – June 28 In the previous session, the sterling plunged by around 0.69 percent against the yen, after being resisted at the price level of 132.58 as GBPJPY selling bias renewed beneath the 133.00 marks. Combined with Brexit fears, the overall risk-averse bias amid the global rise of COVID-19 instance darkens the […]
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