Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: RangingJapan 225 is range-bound between levels 22000 and 23000. The price has broken level 22000 and the downward move is likely to continue. On the downside, if the price breaks the support line and closes below it, the selling […]
Read moreFriday’s economic report highlights the release of Canada’s monthly GDP growth data for May, released by Statistics Canada at 12:30 GMT. After a sharp 11.6% contraction in the previous month, the report is expected to show that the Canadian economy grew 3.5% for the reporting month. However, following the release, Canada’s real gross domestic product […]
Read moreEURJPY Price Analysis – July 31 The recovery of EURJPY fell again short of the 2020 highs, running out of steam earlier in the session in the 124.31 regions. Despite the continuing corrective downside, the extra upside momentum stays intact on the cards and is predicted to retake the 2020 highs close to 124.50 range […]
Read moreGold (XAU/USD) jumped to a fresh all-time high, around the $1,984 level in the early European session, before retreating lower. Following yesterday’s profit-taking-triggered slide to the $1,940 area, the yellow metal was quick to bounce back and is set to end the week in a grand style. The bull run marked the tenth consecutive bullish […]
Read moreUSDCHF Price Analysis – July 31 During the early European session, the USDCHF pair witnessed some selling and plummeted towards psychologically low at 0.90- the lowest level since May 2015. Furthermore, the safe-haven CHF earned from a selloff in US stock markets. Key LevelsResistance Levels: 0.9902, 0.9467, 0.9181Support Levels: 0.9047, 0.9000, 0.8969USDCHF Long term Trend: […]
Read moreKey Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP is fluctuating between levels 3200 and 3400 after its resistance at level 3400. The index tested the level 3400 twice and fell to level 3200 and resumed a sideways move. In its sideways move, the index […]
Read moreKey Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: BearishUSD/JPY is in a downward move. The price has broken below level 107.00 as the market resumed a downward move. The Yen has fallen and it is approaching level 104.25. A correction candle body tested 0.786 retracement level. It indicates […]
Read moreTrading is a highly competitive human endeavor, but it is also highly rewarding. The financial markets can adeptly be compared to a battlefield; therefore a trading room can be likened to “a war room,” where you engage the markets. Victorious soldiers of the financial markets are those who make average gains that are bigger than […]
Read moreKey Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: RangingThe index fluctuates between levels 5800 and 6200 since May. Presently, the fluctuation is in the middle of the price range. The price is falling and after that, the upward move will resume. In the meantime, price movement is […]
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