Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trends: BullishThe index is in an uptrend. The bulls have reached level 11871 and it is approaching level 12000. According to the Relative Strength Index, the index is approaching the overbought region of the market. At level 12000, the market […]
Key Resistance Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: BullishEUR/CHF pair is in a descending channel. The pair fell to the low of level 1.05000 and rebounded. The rebound broke the resistance level and resumed the uptrend. Technically, when price breaks the resistance line closes above it, this […]
EURUSD Price Analysis – June 1 In the single currency, the upside traction stays well and tone for yet another session on Monday and is pushing EURUSD at an intray high of 1.1154 level to fresh 2-month highs. Nonetheless, the prevalent improved risk-on situation continues to lend support to the dollar retreat in pursuit of […]
XAGUSD Price Analysis – June 1 Silver hits the highest ever since the end of February whilst pushing offers past the $18.20 level, hitting an intraday high of $18.38 level, up 1.85 percent in 24 hours, during Monday’s European session. In the aftermath of US-China trade war relief and escalating U.S. protests, the continuation of […]
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 correcting downward as it reaches the high of level 0.90000. At the recent high, the price action is indicating a bearish pin bar or a shooting star. The bearish pin bar is responsible for the downward […]
GBPUSD Price Analysis – May 31 In the previous session, the GBPUSD pair hit 1.2395 level, a two-week high, pulling back rapidly from the level to regain afterward on recovery and getting stuck at 1.2345 level. By the close of the week, the UK had not provided macroeconomic data with the emphasis now on Brexit […]
GBPJPY Price Analysis – May 31 Traders might sustain a selling bias on GBPJPY in the expectation that the pound weakness may extend more in the near term. As the cross tends to stay at 133.00, around the level. Negative Brexit news tends to weaken the pound, with persistent rumors that the BoE (Bank of […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 index is in an ascending channel. The index is in an uptrend as it reaches the high of 25632. The market fell after a minor resistance. US Wall Street 30 will rally above […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX is currently in an uptrend. The share traded and reached a high of level 6284. The market is falling after the resistance at the recent high. The current downward move may reach the low of level 6000 before resuming the […]
