Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 is in an uptrend. The index is currently trading in an ascending channel. The market will rise but may soon reach the overbought region where sellers may reach. The uptrend may be short-lived. Daily Chart Indicators Reading:At […]
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 an uptrend. The uptrend has been terminated as the market drops to level 1.06559. A correction candle body is testing the 0.618 Fibonacci retracement level. It indicates that the market will reach a low of […]
GBPJPY Price Analysis – June 17 GBPJPY posts low losses of 0.17 percent while falling to a level of 134.72 on Wednesday at the European open. By so doing, the pair depicts the string of losses of two days while extending the pullback from 136.23 level of the prior day. While the UK is providing […]
XAGUSD Price Analysis – June 17 Since moving beyond $17.50 mark in the previous session, the white metal reverses its gains thus finishing the prior day gaining (0.57 percent) upside. In an uninspiring session, XAGUSD’s price has failed to move convincingly beyond the trading range of the day before. Key LevelsResistance Levels: $18.94, $18.20, $17.63Support […]
Key Resistance Levels: 1.42000, 1.44000, 1.46000Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: BearishThe USD/CAD pair is on a downtrend. The market reached a low of 1.34000 and made an upward correction. The pair is retracing after retesting the 1.36000 resistance. The Loonie was earlier in the oversold region. It is expected that […]
USDCHF Price Analysis – June 16 The USDCHF pair bounced back across the market from two-day declines amid a US dollar rally, rising back beyond 0.9500 level. It has recently printed a fresh daily high at 0.9523 level and stays close to the top, with a strong buying momentum. Key levelsResistance Levels: 1.0027, 0.9766, 0.9650Support […]
S&P 500 Price Analysis – June 16 After a strong start to 3167.7 level on Tuesday, the S&P 500 index is giving off advances as investors’ concerns about the second wave of coronavirus infection and geopolitical frictions in Asia have overwhelmed the excitement amid up-to-date macroeconomic reports from the US. The S&P Index trades at […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is rising and in an uptrend. A correction candle body tested the Fibonacci 0.618 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 […]
