Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BullishAustralia 200 is currently in ascending channel. The index is rising and approaching level 5800. The index was earlier in a sideways move below level 5600 before a breakout occurs. The market is likely to face another resistance which […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe EUR/GBP pair is in a bear market. The price is correcting upward but faces resistance at 0.90000. The bulls tested the same resistance twice without breaking it. The price has formed a double top signaling a downward movement of […]
AUDUSD Price Analysis – May 28 The AUDUSD pair rapidly regained about 80 pips into the European/American session from the low of the Asian session and was last seen trading near the top end of its daily trading range, firmly beyond the 0.6650 marks. The FX pair is bolstered by new optimism that there might […]
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 ascending channel. The pair is in an uptrend as it reaches the high of level 71.783. Currently, it is facing resistance at the recent high. The market will resume its uptrend if price retraces to level 70.800. […]
EURUSD Price Analysis – May 28 EURUSD appears supported but tries to maintain traction beyond the 1.1000 regions as sellers keep threatening recovery and prices recede to sub-1.10.tFollowing the improved mood in the risk-associated system, the FX pair finally surpassed the 1.10 barrier in the previous and present session, especially after the European Commission ( […]
GBPJPY Price Analysis – May 27 The currency pair of GBPJPY is up nearly 1.5 percent from the previous session. But in today’s session the pair retains the upside push. The gains follow after buyers moved the bias that had been established in previous sessions upward. This is confirmed with prices that push through 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 currently in a bear market. The pair has broken out of the resistance line of the descending channel. As the price closes above the resistance line, the upward move is likely to continue. The pair is […]
XAGUSD Price Analysis – May 27 Silver is holding steady close to $17.05 level an ounce, marking a daytime increase of 0.50 percent, defending the psychological main threshold at $17.00 all through early morning trading. Although the price bounce is positive, the shiny metal also trades within the prior-day price range. Key levelsResistance Levels: $18.94, […]
Key Resistance Levels: 1.42000, 1.44000, 1.46000Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: BearishThe Loonie is in a bear market. The Canadian dollar reached a high of level 1.46 and was overbought. Sellers emerge to propel price downward. A bull candle tested 0.618 Fibonacci retracement level. This determines the extent of a downward […]
