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. 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 at the 1.272 extension level. […]
USDCHF Price Analysis – July 21 Today, USDCHF posts defensively beyond the level of 0.9370. Even though some consolidation is anticipated at this stage, it may not be impossible to rule out a close down beneath. The US dollar stayed on the defensive with fears that the continuing increase in infections with coronavirus may hinder […]
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 still range-bound between levels106.800 and 107.400. The Yen is consolidating in the middle of the price range. The price is trading below the moving averages. There is the tendency of price falling from the recent high. Daily Chart […]
S&P 500 Price Analysis – July 21 S&P 500 rally continues to print a three-day unbeaten run while taking price close to level 3277, up 0.80 percent on a day, during Tuesday’s initial European session. The pair may break higher with a 3300-level focus on the cheered pursuit of more US and European stimulus while […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BullishThe index is in an uptrend. It is currently facing resistance at level 13000. The uptrend will resume once the resistance is breached. However, a correction candle body tested level 0.618 Fibonacci retracement level. It indicates that the index […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair in an upward move but was resisted at level 1.0800. The market retraces to level 1.0720 and resume a fresh uptrend. A correction candle body tested the 0.786 Fibonacci retracement level. It indicates that the pair will rise […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: Bullish The EUR/GBP pair is in an uptrend. The current uptrend is facing resistance at level 0.9140. The bulls retested the resistance twice before resuming a downward move. Buyers have been retesting the resistance zone since early July. A break […]
EURUSD Price Analysis – July 20 EURUSD continued to trade around the 1.1452 high level as EU leaders prolonged Monday’s recovery fund meeting to another day. The old continent’s leaders have prolonged their bargaining for the fourth day, trading to sign off on a recovery fund – and they’re right on the brink of a […]
XAGUSD Price Analysis – July 20 The white metal rebounded from prior day losses as market activity turned upside. XAGUSD price continued to ascend gradually to the exit of the day before, settling at around $19.32 level, it nevertheless, reflects a lower high. Key LevelsResistance Levels: $21.00, $20.50, $19.65Support Levels: $18.94, $18.37, $18.00XAGUSD Long term […]
