Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BullishAustralia 200 is in an ascending channel. The index resumes an upward move after falling to the low of 5824. Presently, it is likely to face resistance at level 6150. The previous uptrend was resisted at level 6150 on […]
AUDUSD price Analysis – July 2 The AUDUSD pair stayed through the first half of Thursday’s trading activity beyond the 0.6950 marks, although lacking any firm bullish traction. The spike was supported by the prevalent risk-on mood that eroded the US dollar’s safe-haven and gained perceived riskier currencies, including the AUD. Key levelsResistance Levels: 0.7205, […]
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 an uptrend. The pair reached the overbought region as sellers emerge to push prices down. The retracement is done as the pair resumes an upward move. The overhead resistance has not been breached since March. […]
EURUSD Price Analysis – July 2 Since another fall into the region of 1.1183, EURUSD has restored buying interest and has now traded at 1.13 figures past the main barrier. The Euro grew overnight, powered by renewed risk-on sentiment following strong revision of data from ADP employment, stronger than anticipated from US manufacturing PMI and […]
Key Resistance Zones: 74.000, 76.000, 78.000Key Support Zones: 66.000, 64.000, 62.000 AUD/JPY Long-term Trend: BullishAUD/JPY pair is presently in an uptrend. The pair is rising as it breaks above the EMAs. A correction candle body tested the 0.382 Fibonacci retracement level. It indicates that the pair will rise and reached level 2.618. However, the pair […]
GBPJPY Price Analysis – July 1 In the last hour, the GBPJPY progressed to its highest level in two weeks at a level of 134.22 and was last seen exchanging at a level of 134.05, increasing 0.17 percent per day. Vastly improved market sentiment during the American session has found it challenging for the JPY […]
XAGUSD Price Analysis – July 1 Silver (XAGUSD) indicates a strong sequence from mid-June lows which supports more upside. During the European session, the white metal grew higher but XAGUSD struggled to maintain an upward spike past the $18.45 mark. Silver then plunged to register low at $17.53 intraday level. Key levelsResistance Levels: $19.65, $18.94, […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 is now is in consolidation after testing the low of 4 750. The price action is indicating the appearance of small body candlesticks. The market is presently fluctuating between levels 4750 and 5250. The small Doji and […]
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 presently is in a sideways move between level 1.06400 and 1.07000. The price has fallen to the lower price range and an upward move is expected. The upward move is expected at a high of 1.07000. […]
