EURUSD Price Analysis – May 28 EURUSD appears supported but tries to maintain traction beyond the 1.1000 regions as sellers keep threatening recovery and prices recede to sub-1.10.tFollowing the improved mood in the risk-associated system, the FX pair finally surpassed the 1.10 barrier in the previous and present session, especially after the European Commission ( […]
GBPJPY Price Analysis – May 27 The currency pair of GBPJPY is up nearly 1.5 percent from the previous session. But in today’s session the pair retains the upside push. The gains follow after buyers moved the bias that had been established in previous sessions upward. This is confirmed with prices that push through the […]
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 currently in a bear market. The pair has broken out of the resistance line of the descending channel. As the price closes above the resistance line, the upward move is likely to continue. The pair is […]
XAGUSD Price Analysis – May 27 Silver is holding steady close to $17.05 level an ounce, marking a daytime increase of 0.50 percent, defending the psychological main threshold at $17.00 all through early morning trading. Although the price bounce is positive, the shiny metal also trades within the prior-day price range. Key levelsResistance Levels: $18.94, […]
Key Resistance Levels: 1.42000, 1.44000, 1.46000Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: BearishThe Loonie is in a bear market. The Canadian dollar reached a high of level 1.46 and was overbought. Sellers emerge to propel price downward. A bull candle tested 0.618 Fibonacci retracement level. This determines the extent of a downward […]
Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishNZD /USD pair is in an ascending channel. The Kiwi is currently rising and approaching level 0.63000. It is rising but approaching the overbought region of the market. The market may reach the overbought condition at level 0.63000. Daily Chart […]
USDCHF Price Analysis – May 26 The USDCHF pair failed to build on its initial rise to highs of one week and now seemed to be slipping down to the lower side of the daily trading range. The range trading under 0.9700 level for the umpteenth session was supported by the risk market mood, which […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe pair is currently in a sideways move between the levels of 110 and 108. The Yen was in an uptrend but it is facing resistance at level 108. The pair is on a downward move as a result of […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is rising and in an ascending channel. The current uptrend is facing resistance at level 18000. The market is retracing from the recent high. The index is retracing because it has reached the overbought region of the […]
