Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: RangingFR40EUR index is in an upward move after a sideways trend. The index is currently facing resistance at level 5600. Presently, the price is fluctuating between level 5500 and 5600. Daily Chart Indicators Reading:The index is currently at level […]
Read moreKey Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair has risen to level 1.0822 and it is facing resistance at the recent high. The bullish trend has been exhausted as the pair faces rejection at level 1.08600. The pair is yet to trend as it fluctuates between […]
Read moreKey Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD has been in a downward move. The downward move is likely to continue. On November 9 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair will fall to level 1.618 Fibonacci […]
Read moreGBPJPY Price Analysis – December 2 GBPJPY trades beneath 140.45 level after the EU’s Barnier said that a Brexit deal hangs in the balance and that three issues remain open. The pair trim gains at 140.45 level while easing to 139.33 level, down 0.01% intraday, during the European session on Wednesday. Key LevelsResistance Levels: 142.71, […]
Read moreGold (XAU/USD) traded higher on Wednesday for the second consecutive session as investors picked up on the positive sentiment induced by the recent passing of a US fiscal stimulus package. However, a follow-through bullish surge got impeded by the U.K.’s authorization of the Pfizer COVID-19 vaccine for public use. The recent weakness in the US […]
Read moreEURCAD Price Analysis – December 2 After the upside breach in EURCAD to 1.5636 early Wednesday’s European session, the price put in an impulsive move lower due to a corrective pullback. Sellers’ activity pushed the EURCAD beneath the 1.5600 level which may be followed by more impulsive buying. The Canadian Dollar was recently boosted by […]
Read moreXRPUSD Price Analysis – December 02 In case the bears increase their momentum and the daily candle close below the support level of $0.61, the price may drop to the support level at $0.55, and $0.49. On the other hand in case the support level of $0.61 holds, then, the price will continue its bullish trend […]
Read moreADA Price Analysis – December 02 The price may reach the support level of $0.10 provided the bears were able to push down the price to penetrate the support level of $0.13 and $0.11. Above the current price level, resistance levels are found at $0.15, $0.17, and $0.19. ADA/USD Market Key Levels: Resistance levels: $0.15, […]
Read moreKey Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 is in an uptrend. The index has broken the range-bound levels. It has reached a new high of level 22400 before pulling back. The index has resumed upward to retest level 22400. The bullish momentum will continue if price breaks the recent […]
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