Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: BullishSHCOMP was earlier in a sideways trend. The range-bound movement was broken as price broke the resistance line and closed above it. The implication is that the index has resumed an uptrend. SHCOMP rose and was resisted […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: RangingJapan 225 is still consolidating sideways since June 10. Presently price is falling after testing the resistance line. The price will fall either to the support line or to the middle range and then reverse again. Japan 225 is […]
EURJPY Price Analysis – July 17 Throughout much of the trading week, EURJPY has been very optimistic but, lately, the market action has turned to the downside and could attempt a level of 120.50. EURJPY has come under some selling pressure after hitting fresh multi-week highs close to 122.50 level and is now floating around […]
USDCHF Price Analysis – July 17 In the previous session, the pair established an upside candle that confirmed a price reversal higher from the March high downside of 0.9902 level. Simply put, one might anticipate buyers to attempt the psychological level of 0.95, which might affirm the overall bias once breached. Key LevelsResistance Levels: 1.0027, […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: RangingThe pair is currently in a sideways trend between levels106.00 and 108.00. The Yen is consolidating in the middle of the price range. There is no indication of its upward or downward movement of price. The price tends to consolidate […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: RangingAustralia 200 has been in a sideways trend since May. The price is fluctuating between levels 5750 and 6200. Presently, the index has risen to the resistance line and it is in a downward move. Australia 200 will trend […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: RangingThe AUD/JPY pair is on a sideways trend. After the last bearish impulse on June 11, the pair is facing resistance at level 75.00. The market falls each time price tests the resistance zone at level 75.00. A break above […]
AUDUSD Price Analysis – July 16 The Australian dollar eases as risk appetite declines on Thursday but maintains upside bias after attempting to crack the 0.70 barriers earlier on in the day. As Australia’s jobless rate ticked higher in June and full-time employment tanked, the AUDUSD pair is struggling to draw bids. Key LevelsResistance Levels: […]
EURUSD Price Analysis – July 16 EURUSD bulls reached the highest point since March at 1.1452 level before taking a breather beneath. However, it retains much of its momentum in what appears to be an essential and modest downside correction before the next bounce back as potential Markets fundamentals weigh in. Key LevelsResistance Levels: 1.1495, […]
