Day trading or swing trading? I find that to be a very loaded question. New traders are always curious to know which trading style is preferable. Although both trading styles have their distinct advantages and disadvantages, the important thing to find out is which of the two best suits your personality. In this article, we […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: RangingAustralia 200 has been trapped between levels 5750 and 6200. The market has been consolidating in the last one month without breaking the key levels. The price has tested the resistance line as the index continued its range-bound movement […]
GBPUSD Price Analysis – July 19 The GBPUSD exchange rate had earlier attempted to reach 1.2647 level. The rate closed at 1.2563 levels during the prior session. Some selling potential may probably emerge in the market as the moving average 5 pressures the currency pair, as well as the moving average 13 in the 1.2560 […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingPresently, FTSE 100 share is in a sideways trend. It was previously rising in an ascending channel. The upward move has been terminated on June 16 as the price reached level 6350. The sideways move has also broken the support line […]
GBPJPY Price Analysis – July 19 GBPJPY holds at a level of 134.45 after easing its directional movement in the prior session, as the pair is now confined to the price channel indicating sideways bias beneath the 135.00 marks. To confirm further growth, the asset has to breach the moving averages and the upside border […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingNZD/USD pair was earlier in an upward move. The uptrend has been terminated in June as price reached level 0.6600. After the uptrend was terminated, price fell to 0.6400 to resume a fresh uptrend. The resistance at level 0.6600 was […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: BullishSHCOMP was earlier in a sideways trend. The range-bound movement was broken as price broke the resistance line and closed above it. The implication is that the index has resumed an uptrend. SHCOMP rose and was resisted […]
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. Presently price is falling after testing the resistance line. The price will fall either to the support line or to the middle range and then reverse again. Japan 225 is […]
EURJPY Price Analysis – July 17 Throughout much of the trading week, EURJPY has been very optimistic but, lately, the market action has turned to the downside and could attempt a level of 120.50. EURJPY has come under some selling pressure after hitting fresh multi-week highs close to 122.50 level and is now floating around […]
