Key Resistance Zones: 74.000, 76.000, 78.000Key Support Zones: 66.000, 64.000, 62.000 AUD/JPY Long-term Trend: BullishAUD/JPY is in an uptrend. The pair was earlier in a bearish trend. The market terminated at level 62.000 and the current upward move resumed. A correction candle tested the 0.236 Fibonacci retracement level. This candlestick indicates that the pair will […]
EURUSD Price Analysis – June 4 EURUSD ‘s latest dip from a high of 1.1257 while vacating overbought positions to a level of around 1.1200 could pave way for the rally to recover. In recent days the awaited announcement of the ECB ‘s decision has risen and improved the euro – potentially putting the FX […]
Key Resistance Zones: 5800, 6000, 6200Key Support Zones: 5000, 4800, 4600 France 40 (FR40EUR) Long-term Trends: BullishFrance 40 index is in an uptrend. A bullish trend line is drawn showing the support levels of price. The index has risen and it is approaching level 5100. Previously the index was facing resistance at level 4750. The […]
Key Resistance Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: BullishEUR/CHF pair is in an uptrend. The pair rebounded at the low of 1.05000 to resume an upward move. A correction candle body tested the 0.618 Fibonacci retracement level. This indicates that the pair will rise and reach level […]
GBPJPY Price Analysis – June 3 GBPJPY holds offers past the level at 137.00, up 0.5 percent on a day, during the American opening hour on Wednesday. While trade perception appears to diminish during U.S. civil unrest, Brexit-positive news, combined with the UK government’s hopes for further stimulus, appears to favor the off-late quote. Key […]
XAGUSD Price Analysis – June 3 Silver price fell from the monthly $18.39 high level hit on Monday to $17.63 low level on Wednesday’s early American session. The price of silver has grown rapidly as the US dollar is declining, stocks are edging higher and investors are preparing for economic growth. We are therefore registering […]
Key Resistance Levels: 1.42000, 1.44000, 1.46000Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: RangingThe Loonie was earlier in a bear market. The downward move seems to have exhausted as the market reached level 1.35620. The price is testing the previous support of March. In the previous support, the market went up. However, today […]
Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is rising and in an ascending channel. It has broken the previous resistance and reached a high of level 18979. The index is gradually reaching the overbought region. This implies that the index may face […]
USDCHF Price Analysis – June 2 After touching new two-month lows, the USDCHF pair bounced back around 50 pips and leaped to new session highs in the last hour, around the region of 0.9620. The downside stayed shielded, for the moment at least, amid the prevailing risk-on mood, which constrained the safe-haven status of the […]
