S&P 500 Price Analysis – March 24 The S&P 500 trades past the 3,900 level and presently up at 0.18% during the early European session on Wednesday. US 10-year Treasury yield declines to new low printing three basis points (bps) of intraday loss to 1.60% during the session. Key LevelsResistance Levels: 4,100, 4,000, 3950Support Levels: […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD pair is presently making an upward move. The price has broken above the 21-day SMA. If it breaks the 50-day SMA and the bullish momentum is sustained, the uptrend will continue. The selling pressure will resume if price fails […]
ADA Price Analysis – March 23 In case the buyers gain more momentum and the daily candle close above $1.23 level, ADA/USD may increase to $1.46 which may later test $1.46 level. In case the buyers were unable to penetrate the $1.23 level, then, price may decrease towards the support level at $1.11, $0.98 and […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishEUR/CHF is in an uptrend. The pair has been in a downward move but has found support above level 1.100. On February 26, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement on February 26 indicates that […]
USDCHF Price Analysis – March 23 The USDCHF pair found new buyers at the start of Wednesday’s European session with renewed strength to trade past 0.9300 level. The momentum indicators are painting an optimistic picture for the pair in the near term. US stocks turn firmer as the recent fears of high inflation in the […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD upward move has been interrupted at level 1.4200. The pair fell to level 1.3800 support and resumed fluctuation between levels 1.3800 and 1.400. The pair has retested the resistance at level 1.400 but faces rejection. The market will resume […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishAUD/JPY is in a sideways trend. The previous trend has been terminated at level 85 on February 25. The uptrend will resume if level 85.00 is breached. On March 18, a retraced candle body tested the 78.6% Fibonacci retracement level. […]
XAGUSD Price Analysis – March 21 The prior week’s price action has confirmed Silver (XAG) to be constrained within a sideways run within and above the $26.00 zone. The XAGUSD pair is attempting to safeguard its gains after its rebound from the Mar. 5 lows at $24.83 levels. In the new week, the Silver market […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD pair is making a series of lower highs and lower lows. On March 5 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the Kiwi will fall to level 2.618 Fibonacci extension . […]
