GBPUSD Price Analysis -September 6 At the end of the prior week, the GBPUSD pair bottomed at 1.3175 level, moving ahead to end the day little changed at 1.3280 level. The GBPUSD was hit by a lower than expected August Construction PMI during European trading hours, resulting from 58.1 in July at 54.6 for August. […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 share has continued to consolidate sideways since June. The price action is characterized by small body candlesticks. The bears have broken the lower levels of the market. Presently, the share is approaching level 5700. Daily Chart Indicators Reading:The 21-day […]
GBPJPY Price Analysis – September 6 Recently, the GBPJPY took a U-turn from the horizontal barrier at level 142.71 in the previous sessions while opting not to pursue the recent losses in the last few days of the week. Buyers are thus following an ascending trend line as of June 5th, 2020. Key LevelsResistance Levels: […]
Key HighlightsEthereum falls and reaches the $320 support levelThe biggest altcoin is likely to reverse Ethereum (ETH) Current StatisticsThe current price: $329.86Market Capitalization: $37,104,087,419Trading Volume: $31,884,975,797Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis September 6, 2020Ether has been on a downward move after the breaking of the last […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: RangingThe index has continued to fluctuate between levels 22000 and 23000. Presently, the price has broken the resistance line and has continued to fluctuate above it. The price action is characterized by small body candlesticks called Doji. Daily Chart […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging The index is consolidating between levels 3200 and 3400. The price fluctuation is concentrated at the upper range. In the last three months, the price sideways move has persisted. The index is yet to trend since […]
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 pair is currently in an upward move. A red candle body tested 0.618 Fibonacci retracement level. The Yen will rise and reach a high of 1.618 Fibonacci extension level. The price is breaking above the SMAs. The pair […]
EURJPY Price Analysis – September 4 The selling bias in the European currency imposes a limit on EURJPY and, on Friday, may pull it further south of the 126.00 marks ahead of Key US data. EURJPY is stepping up withdrawal from the new 2020 highs just beyond the level of 127.00 reported earlier in the […]
USDCHF Price Analysis – August 4 On Friday, the USDCHF exchanged in the positive territory slightly beyond the 0.9100 level and entered a consolidation phase as investors are now awaiting key US results. As of writing, the pair was up 0.19 percent on the day at 0.9112 level. After the damage from the interventionist shift […]
