Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD pair is in an upward move. The upward move has resumed after breaking the recent resistance at level 0.6567. There is a minor retracement to level 0.6625 but uptrend has resumed to the recent highs. The kiwi is expected […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: RangingJapan 225 is still consolidating sideways since June 10. Today, the price is falling to the support level at 22000. The index is presently is on a tight range between the levels of 22000 and 23000. In the meantime, […]
EURJPY Price Analysis – July 24 EURJPY is trading at daily lows, beneath level 123.37, since having experienced opposition at level 124.24 in the prior session. While the anti-risk yen attracts bids and drives EURJPY lower in the risk-off mood on global stock markets, EURJPY appears to be wavering only ahead of the June high […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: BearishSHCOMP is in a downtrend after facing resistance at level 3400.000. The index fell to level 3208.333 and resume an upward move to retest level 3400 resistance zone. The downtrend may resume as price approaches the low […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: RangingUSD/JPY is in a sideways trend as prices make a downward move. The price is falling and approaching the low of level 106.18. At this low, the Japanese Yen is expected to rise. This is because the market has been […]
USDCHF Price Analysis – July 24 USDCHF reveals a low level of around 0.9242 during initial Friday’s European Session. The pair, meanwhile, reduces the early-day losses while taking a low U-turn from several months low. Also as consequence, lows are identified around 0.9181 level in March 2020 will be the guide to the sellers following. […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: RangingThe index is still fluctuating between levels 5750 and 6250. The price has been consolidating near the resistance line without breaking the key level. The price has tested the resistance line as the index continued its range-bound movement below […]
AUDUSD Price Analysis – July 23 AUDUSD upside bias is consolidating as expected after a dramatic surge around 0.7100 levels following today’s intraday pullback. The pair is retaining its positive traction while being supported by the prevalent selling bias around the US dollar and upbeat market mood. Key LevelsResistance Levels: 0.7300, 0.7250, 0.7205Support Levels: 0.7064, […]
EURUSD Price Analysis – July 23 EURUSD’s upward traction stopped from its rise to a level of 1.1600 as the technical view of the pair indicates a correction. The Euro’s advance edges lower on Thursday in early European trading, as increasing U.S./China tensions affect risk sentiment. China is set to respond in retaliation to the […]
