GBPJPY Price Analysis – June 24 The GBPJPY cross deteriorated sharply into American session through the mid-European session among lackluster gains and losses and was last observed trading in the neutral territory, around the region of 132.76. Investors also seemed hesitant to put any large investment amid a lack of clear economic releases on the […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 is in a downward move. A correction candle tested the 0.618 Fibonacci retracement level. This indicates that the market will fall to level 1.618 Fibonacci level. In other words, the market will fall to level 4427. Daily […]
Key Resistance Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: BearishEUR/CHF pair is in a downward move. The uptrend has been terminated as the market drops to level 1.06559. A correction candle body is testing the 0.786 Fibonacci retracement level. It indicates that the market will reach a low […]
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 selling pressure has been exhausted as the market makes an upward move. A Doji candlestick has appeared in the downtrend indicating that the prior trend is likely to reverse. The pair will rise and reach a high of […]
XAGUSD Price Analysis – June 24 Silver buyers are having difficulties holding gains beyond the $18 mark this week, whilst the semi-precious metal experienced opposition at $18.08 level early Wednesday and was last observed trading close to $17.72 level per ounce, reflecting a loss of 0.16 percent on the day. The primary danger to silver […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishThe index is rising and in an uptrend. A correction candle body tested the Fibonacci 0.50 retracement level. This indicates that the index’s first target will be at the 1.618 extension level. The trend is likely to continue after […]
Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishThe New Zealand Dollar is in an uptrend as it breaks level 0.62000. A correction candle body tested the 0.786 retracement level. This indicates that the market will reach a high of 1.272 extension level. The Kiwi will rise and […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trends: BullishGermany 30 is in an uptrend. The index rose to level 13000 and was resisted. Germany 30 retraced to level 11757 and resumed consolidation. A candle body tested 0.618 Fibonacci retracement level. This indicates that the pair will rise […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe Yen is currently on a downward move. The Yen is making a retest at level 107.222. The downtrend will resume. The green correction candle body tested the 0.786 retracement level. It indicates that the Yen will fall to a […]
