Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishThe Kiwi pair 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 reverse […]
EURJPY Price Analysis – June 12 EURJPY has tried to retrieve strength after testing the 120.20 regions throughout morning trading and is now trading right beyond 120.50 level. The rebound tends to follow the better tone in market risk developments and further recovery may be well above 124.00 level towards the 2020 highs. Key levelsResistance […]
USDCHF Price Analysis – June 12 The USDCHF pair ripped out of its daily consolidated range and in the last hour leaped to new session highs, all over the region of 0.9475. The bullish market mood has eroded the Swiss franc safe-haven and has been seen as one of the big drivers that give certain […]
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 price is presently above the SMAs, indicating an upward of the index. The price was previously above level 2800 support. SHCOMP is rising to the previous highs […]
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 in a sideways move between the levels 110 and 106. Recently price fell to level 106.573 and commenced an upward move. Since April 1, the upper and lower price ranges are yet to be broken. The […]
AUDUSD Price Analysis – June 11 Through the mid-European session, the AUDUSD pair retained its heavily supply tone and is seen trading near daily lows, around 0.6915-10 levels. The pairs pullback from high has been sustained towards the 0.6900 level breach, as sellers may now look to further advance the plunge. Key levelsResistance Levels: 0.7205, […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BullishAustralia 200 is currently in ascending channel. The index is currently facing resistance at level 6200. The price is falling and it is approaching the low of level 5800. The downward move may extend to level 5750. Daily Chart […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe EUR/GBP pair is in a sideways move in May and June. The pair is still fluctuating between levels 0.89000 and 0.90000. The market is currently fluctuating upward to reach the upper price range. Presently, price is approaching the overbought […]
Key Resistance Zones: 74.000, 76.000, 78.000Key Support Zones: 66.000, 64.000, 62.000 AUD/JPY Long-term Trend: BearishAUD/JPY is in a downward move. The pair was earlier in a bearish trend. A correction candle tested the 0.786 Fibonacci retracement level. This indicates that the market will rise and reach a high of 1.272 Fibonacci level. The pair is […]
