Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bullish. Japan 225 is in an uptrend. The index is rising after falling to level 21675 on June 11. The market is approaching the high of level 22680.80. The previous upward move was resisted at level 23000. On the […]
Key Resistance Levels: 2900, 3000, 3100Key Support Levels: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Price Long-term Trend: BullishThe SHCOMP is currently in a horizontal channel. The SHCOMP is rising and approaching the upper price range. The index is likely to reach a high of level 3000 and become overbought. In the overbought region, […]
EURJPY Price Analysis – June 19 EURJPY stays beneath level 120.00 through Friday’s early trading hours. The FX pair lately took hints to recall a four-day losing streak from falling risk-tone sentiment. Though the pair strives to rebound from earlier lows in the area of 119.70 and revert to the region of 120.00. Key levelsResistance […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingUSD/JPY pair is currently on a downward move. The green correction candle body tested the 0.786 retracement level. It indicates that the Yen will fall to a low of 1.272 extension level. After reaching the target price, the market will […]
USDCHF Price Analysis – June 19 USDCHF price bounces back to about 0.9510 level while hitting intraday low at 0.9498 level, only down 0.05 percent on a day, as at early Friday. The pair’s latest decline from the moving average 5 may be traced from an initial pullback. The focus will be on coronavirus statistics. […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BearishAustralia 200 was earlier in an uptrend. The uptrend was resisted at level 6200. The index fell to level 5758 and made an upward correction. A correction candle body is testing 0.50 Fibonacci retracement level. This indicates that the […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingThe EUR/GBP pair was earlier in a sideways trend. The current uptrend is likely to break the previous range as the market approaches the high of level 0.90500. The current momentum will extend to level 0.91000. Daily Chart Indicators Reading:The […]
AUDUSD Price Analysis – June 18 AUDUSD drops from 0.6902 intraday high to 0.6837 during trading early Thursday. As such, for the third day in a row, the pair posts 0.40 percent losses on a day whilst still inducing the sellers. As lower Asian stocks weighed, the Australian dollar stays in red, and weak Australia’s […]
Key Resistance Zones: 74.000, 76.000, 78.000Key Support Zones: 66.000, 64.000, 62.000 AUD/JPY Long-term Trend: BearishThe pair is in a downward move. The market was earlier in a bearish trend. A correction candle tested the 0.786 Fibonacci retracement level. It indicates that the market will rise and reach a high of 1.272 Fibonacci level. The pair […]
