Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY was in an uptrend as it reached the high of level 109.85. The market fell after reaching the upper price range. The Yen fell to level 108.142. The market would have reached bearish exhaustion. Daily Chart Indicators Reading:The […]
EURUSD Price Analysis – June 8 At the early stages of the week regarding last Friday’s modest retracement, EURUSD is battling for trajectory in the 1.1300 regions. The FX pair triggered a reversal lower to the sub-1.1280 level after reaching fresh 3-month highs close to 1.1400 level on Friday where it appears to have reached […]
EURUSD trades within a rangebound unifying zone near 1.1300 level At the early stages of the week regarding last Friday’s modest retracement, EURUSD is battling for trajectory in the 1.1300 regions. The FX pair triggered a reversal lower to the sub-1.1280 level after reaching fresh 3-month highs close to 1.1400 level on Friday where it appears […]
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. From the Fibonacci tool, the currency pair has reached its first target of level 1.618 and approaching the second target at level 2.618. Therefore we still may buy pending when the price reverse. […]
XAGUSD Price Analysis – June 8 During Monday’s European session, despite taking a U-turn from near-term low, Silver price take offers near $17.22 level, up 1.50 percent on a day. The precious metals sector was projected to decline but it seems to rebound as the star performer among the precious metals complex against the greenback, […]
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 a bullish trend. Since on May 19, the market has been fluctuating between level 0.89000 and 0.90000. The pair is currently falling and approaching the low of level 0.88874. An upward move is likely to […]
GBPUSD Price Analysis – June 7 The GBPUSD pair progressed to stabilize in the 1.2660 price area for the seventh day in a row since reaching a daily high level of 1.2731. The pair first became influenced by optimistic US job data but rather stayed bolstered by growing demands for high-yielding securities. Key LevelsResistance Levels: […]
GBPJPY Price Analysis – June 7 The buyers have been driving GBPJPY to its peak after late February 2020 without yielding. The upward pressure stays intact with the spot continuing for a breach beyond the level of 140.00. Amidst some new buying pressure emerging, it becomes worth waiting for some follow-through buying before validating its […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 index is in an uptrend. A correction candle body tested the Fibonacci 0.618 retracement level. This indicates that the index’s first target will be at the 1.618 extension level. Later, the uptrend will […]
