The risk sentiment got a lift on the upbeat Chinese activity data and the above headlines, as S&P 500 upside bias continues beyond 3400 levels and jumped back in a bid to re-test 3450 levels. Note that China’s compliance with buying the US products under the Phase 1 trade agreement is about to reach just […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: RangingGermany 30 is range-bound between levels 12200 and 13200. Buyers face rejection at level 13200. The index has been fluctuating for over three months. Daily Chart Indicators Reading:Presently, the SMAs are sloping horizontally indicating the sideways move. The index […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingEUR/CHF is in a sideways trend below 1.0850 resistance. The sideways trend has been ongoing since July. A bullish trend is drawn showing the support levels of the market. The prices are testing the trend line indicating an upward movement […]
A career in financial products trading is highly lucrative.There are many people all over the world who are already involved in this industry. Many only know about forex trading, whereas there are numerous assets and contracts one can trade. A trader in Singapore is open to invest in stocks, commodities, options and futures among others. […]
A career in financial products trading is highly lucrative.There are many people all over the world who are already involved in this industry. Many only know about forex trading, whereas there are numerous assets and contracts one can trade. A trader in Singapore is open to invest in stocks, commodities, options and futures among others. […]
EURUSD Price Analysis – September 14 The European currency versus the USD advances for the fourth consecutive session so far on Monday, on approach beyond the 1.1870 marks while keeping the buying bias unchanged despite the failed attempt to extend the prior week’s advance further north of the 1.19 handle. Key LevelsResistance Levels: 1.2011, 1.1965, […]
GBPUSD Price Analysis – September 13 The GBPUSD pair settled at 1.2795, a level that was last seen in July, not far from a weekly low of 1.2762 level. GBPUSD was unable to hold its gains as the sellers took control ending the day below its opening price. The GBP lost roughly 500 pips last […]
GBPJPY Price Analysis – September 13 Moving lower for the 2nd day consecutively, GBPJPY closed the week lower at 135.57 level after losing early gains on Friday. The weekly close at 135.57 marks the lowest registered closing price in 2 months. The Sterling Pound collapsed on Brexit chaos, ending the week at levels last seen […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD pair is in an uptrend. On September 2 uptrend; the pair was resisted at 0.6800 high. The retraced candle body tested the 50% Fibonacci retracement level. It indicates that the Kiwi will rise and reach a high of 2.0 […]
