Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP has been fluctuating between levels 3200 and 3400 since July. In September, the price is trading above the support line to break it. The index will trend if price breaks below it. Otherwise, the price fluctuation […]
USDCHF Price Analysis – September 25 The USDCHF pair gained traction for the 5th day in a row and shot to 2-month highs past the 0.9200 level during the early European session. The improved dollar index is presently boosting the USDCHF bull case with a pullback most likely in the nearest future. Key levelsResistance Levels: […]
Key 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 pair is on a downward move. A green candle body tested a 50% Fibonacci retracement level. The Yen will fall and reach a low of 2.0 Fibonacci extension level. In other words, the downtrend will extend to the […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe EUR/GBP pair is making a downward move. The pair is currently facing rejection at level 0.92000. A green candle body tested the 50% Fibonacci retracement level. The pair will fall and reach the 2.0 Fibonacci retracement level. That is […]
AUDUSD Price Analysis – September 24 The AUDUSD pair extended its recent pullback from levels beyond the 0.7400 mark and experienced some heavy selling for the 5th day in a row. The downward momentum pushed the pair to two-month lows, beneath the 0.7030 level, and may act as a catalyst for a further near-term depreciating […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishThe AUD/JPY pair is currently trading in a downward move. On September 8 downtrend, a green retraced candle body tested the 50% Fibonacci retracement level. It indicates that the pair will fall and reach the 2.0 Fibonacci extension level. That […]
EURUSD Price Analysis – September 24 The selloff around the single currency stays unhindered while EURUSD dives lower towards fresh 2-month lows in the 1.1645/40 range on Thursday. EURUSD is extending the phase lower for the 5th day in a row amidst the preference of investors for safe-haven reinforcing further the demand for the USD. […]
The European stock markets fell sharply early on Thursday, as investors continue to scramble over fears that a second wave of the deadly Coronavirus in the coming winter in the northern hemisphere could derail an economic recovery. France has joined other European countries in intensifying its restrictions on social gatherings on Wednesday, as infections and […]
GBPJPY Price Analysis – September 23 The GBPJPY cross once again showed some resilience below the level of the 134.00 as it moves up and staged a goodish rebound from fresh lows of the 133.00 zone. The cross rallied around 80 pips from daily swing lows, albeit seemed struggling to capitalize on the momentum. Key […]
