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 a bull market. A correction candle body tested the 0.236 Fibonacci retracement level. This indicates that if the uptrend resumes, the market will reach level 4.236 Fibonacci extension level. According to the Fibonacci tool, the […]
Read moreA strong reversal in today’s risk sentiment in the European session gave Gold futures a positive outlook as the markets appeared to be unaffected by the social unrest in the US and placed its focus instead on news that China will continue buying soybeans from the US. As noted by analysts, the only factor that […]
Read moreKey Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingUSD/JPY pair is currently in a sideways move between the levels of 110 and 106. Since on May 19, the bulls have been testing level 108 to break it but to no avail. Rather, the market has been in a […]
Read moreTether’s USDT has now become part of the OMG Network. The collaboration with the OMG Platform, as per sources, is aimed at reducing the delays that the Ethereum network is very susceptible to. As per Bitfinex, the switch will support USDT get to be a lot more effective, both with receipts and payments. The time […]
Read moreGold (XAU/USD) took advantage of its recent uptick to record a new one-week high in the early Asian session today. The yellow metal opened the week on a positive (bullish) note and is supported by a collection of factors. The USD suffered a sharp drop due to the pressure coming from widespread protests across the […]
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 reached level 11871 and it is approaching level 12000. According to the Relative Strength Index, the index is approaching the overbought region of the market. At level 12000, the market […]
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 a descending channel. The pair fell to the low of level 1.05000 and rebounded. The rebound broke the resistance level and resumed the uptrend. Technically, when price breaks the resistance line closes above it, this […]
Read moreEURUSD Price Analysis – June 1 In the single currency, the upside traction stays well and tone for yet another session on Monday and is pushing EURUSD at an intray high of 1.1154 level to fresh 2-month highs. Nonetheless, the prevalent improved risk-on situation continues to lend support to the dollar retreat in pursuit of […]
Read moreThe price of Gold (XAU/USD) remains steady above the $1,730-35 levels with an intraday high of $1,744.69 in the Asian session. The bullion is benefiting from the current risk-off sentiment by investors as tension escalates between the United States and China. The yellow metal is also benefiting from the increasing protests across the US. Despite […]
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