Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BearishThe index is currently falling after reaching the overbought region. It rose to a high of 27583 and was resisted. A correction candle body tested the Fibonacci 0.618 retracement level. It indicates that the index’s first target […]
Read moreResistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX is currently in an uptrend. Nonetheless, since June 15, the market is fluctuating between level 6100 and 6300. In the meantime, the index has fallen to the lower price range; therefore an upward move is expected. UKX is likely to […]
Read moreKey Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishThe New Zealand Dollar is in an uptrend. However, in June the market is in a sideways trend. A correction candle body tested the 0.786 retracement level. This indicates that the market will reach a high of 1.272 extension level. […]
Read moreCustomers can now buy bitcoins and altcoins at more than 3,500 locations spread around the country in a joint partnership between the Australian cryptocurrency exchange Bitcoin.com.au and the Australia Post. As with payment for delivery services, customers may opt to pay in cash or any credit or debit card to purchase cryptocurrency at any of […]
Read moreKey Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bullish. Japan 225 is in an uptrend. The index is currently fluctuating above level 22000 as the uptrend is facing resistance. JP225USD rose to level 23000 and was resisted. Presently, it is in a sideways move below level 23000. […]
Read moreKey Resistance Levels: 2900, 3000, 3100Key Support Levels: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Price Long-term Trend: BullishThe SHCOMP is currently in a horizontal channel. The index has been rising and approaching the upper price range. Presently, it is approaching the overbought region. In a couple of days to come, the index will […]
Read moreGold (XAU/USD) remained in a consolidation range in the early European session and was last seen near the $1,765 resistance level. In a recent editorial by Forbes, contributor Naeem Aslam mapped-out five key factors that are likely to underpin a bullish price action for gold in the coming days. The key factors include: A second […]
Read moreEURJPY Price Analysis – June 26 The EURO is dropping against Japan’s safe-haven yen, but it stops at around 120.00 marks for the moment. So far, the pair has lost about 0.2 percent with a weighted risk bias on the back of rising reports of coronavirus and the proposal of the US government to raise […]
Read moreKey Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY was earlier in an uptrend as it reached the high of level 109.85. The price action is indicating a bearish signal. A correction candle body tested the 0.786 retracement level while in a downtrend. It indicates that the […]
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