Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 has continued the downward move. On January 29 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement level indicates that the share is likely to fall to level 1.272 Fibonacci extension and reverse. That is […]
GBPUSD Price Analysis – February 7 The GBPUSD pair has been holding onto its uptrend despite some range trading. The pairs bulls stay unrelenting to the 1.3800 high zones as the Bank of England downplays negative interest rates boosting the pound against the soaring US dollar. Key LevelsResistance Levels: 1.4345, 1.4000, 1.3800Support Levels: 1.3624, 1.3519, […]
GBPJPY Price Analysis – February 7 The GBPJPY pair kept recovering at the prior session, ending the week with modest gains in the 144.89 price zone. The pair stays overbought near the 145.00 level as the Uk vaccination campaign continues boosting economic recovery. Key LevelsResistance Levels: 156.08, 148.15, 145.00Support Levels: 143.95, 142.71, 140.31GBPJPY Long term […]
When traders are looking for ways to become consistently profitable, they, sadly, tend to consider the wrong factors and looking for solutions in the wrong places. Yes, factors like hit rates, risk-to-reward ratios, risk control, etc. are very important to your career as a trader. Nonetheless, there is an important factor that determines your profitability, […]
BNBUSD Price Analysis – February 05 When the bulls maintain their momentum there will be an increase in price to $61, if it is broken upside $69 and $74 resistance levels may be tested. In case the resistance level of $61 is defended by the bears, price may drop to $55, $51 and $44. BNB/USD […]
Key Resistance Zones: 27200, 27600, 28000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 has resumed a downward move after a week of fluctuation below level 29000. Since January 14, the bulls have not been able to break the resistance at level 29000. This will result in the downward movement of […]
Key Resistance Zones: 3500, 3600, 3700Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: BearishSHCOMP continues its downward move. On January 29 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that SHCOMP will decline to level 1.618 Fibonacci extension. That is the low of level […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY is likely to decline because of rejection. On January 11 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates the Yen is likely to rise to level 2.0 Fibonacci extensions. This is the […]
EURJPY Price Analysis – February 5 The EURJPY pair has attempted to trade lower early during Friday’s European session but was held by the 126.09 level. The pair has remained stuck while extending its sideways trading as the risk-on market weighs the Japanese Yen. JPY was weighed on amid another day of gains for global […]
