AUDUSD Price Analysis – July 9 The AUDUSD pair retreated to level 0.6950 after failing to rise above 0.7000 level earlier in the week. Despite the growing number of confirmed infections with coronavirus in the US, increased optimism about a vaccine allows market sentiment to remain upbeat. Key LevelsResistance Levels: 0.7205, 0.7064, 0.7031Support Levels: 0.6938, […]
EURUSD Price Analysis – July 9 The EURUSD pair is currently trading about the same intraday level as the last session, around the 1.1290/1.1350 range, trying to climb back over 1.1350 level. EURUSD is easing prior day’s gain well beneath the 1.1300 level in a context where the risk appetite continues to be preferred among […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BearishAustralia 200 is currently in a downward move. A correction candle body is testing 0.50 Fibonacci retracement level. This indicates that the index will fall and reach a low of 2.0 extension level. The market will first reach the […]
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 presently falling after retesting level 0.9000. The downtrend has been ongoing since June 29. The price has broken below the bullish trend line. This is an indication that the selling pressure may continue on the downside. […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair is still in an upward move. A correction candle body tested the 0.382 Fibonacci retracement level. It indicates that the pair will rise and reach a high of level 2.618. The AUD/JPY will first rise to its […]
GBPJPY Price Analysis – July 8 Given the current pullback, GBPJPY has succeeded in posting new advances above 135.00 levels amid bullish market bias while buyers retain the upside tone. The surge from the low level of 131.75 level has sustained a positive trend rising above the moving average of 5 and 13 thus trading […]
XAGUSD Price Analysis – July 8 Silverspot cracked psychological $18.50 barrier on Wednesday, after taking out high at $18.37 level. The shining metal is trading at $18.72 level as of the time of this post. Demand for safe-haven metals remains strong and is expected to persist as the situation regarding global economic recovery after lockdown […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 was earlier in an uptrend. The index rose to level 5123.80 and was resisted. France 40 is presently on a downward move. The downward move may reach the low of level 5200 if the selling pressure persists. […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishThe pair is currently falling but the selling pressure has been exhausted. A green correction candle body tested the 0.786 retracement level. It indicates that the pair is going to fall and reach the low of level 1.272 extension level. […]
