Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishNZD /USD pair is in an ascending channel. The Kiwi is currently rising and approaching level 0.63000. It is rising but approaching the overbought region of the market. The market may reach the overbought condition at level 0.63000. Daily Chart […]
USDCHF Price Analysis – May 26 The USDCHF pair failed to build on its initial rise to highs of one week and now seemed to be slipping down to the lower side of the daily trading range. The range trading under 0.9700 level for the umpteenth session was supported by the risk market mood, which […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe pair is currently in a sideways move between the levels of 110 and 108. The Yen was in an uptrend but it is facing resistance at level 108. The pair is on a downward move as a result of […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is rising and in an ascending channel. The current uptrend is facing resistance at level 18000. The market is retracing from the recent high. The index is retracing because it has reached the overbought region of the […]
S&P 500 Price Analysis – May 26 The American S&P 500 is driving past a double test which is especially important. Futures on the S&P 500 (SPX) this morning surpassed level 3000. With the S&P 500 bouncing above 3000 psychological levels, the global markets are progressing higher as investors focused on markets resuming amidst the […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trends: BullishThe index is in an uptrend. The bulls have broken the previous resistance at level 11000 as the market makes an upward move. The DE30EUR is currently trading at level 11373 at the time of writing. The price will […]
EURUSD Price Analysis – May 25 The EURUSD pair failed to create any solid directional bias and swing set through the early North American session on Monday between growth / small losses. The downside stayed shielded close to the level at 1.0860 beneath the level of 1.0900. Key levelsResistance Levels: 1.1495, 1.1146, 1.1020Support Levels: 1.0784, […]
XAGUSD Price Analysis – May 25 SILVER finished the previous week at $17.21 level, 3.57 percent higher. The pair is trading at $17.12 level in today’s session at the time of posting. During the session, the market managed to reverse as sellers took control early but may close the day beneath its opening price. Key […]
Key Resistance Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: BearishEUR/CHF pair is currently in a bear market. The pair is in a downward move as the market fell to the low of level 1.05000. At the current support, price rebounded above level 1.06000 but the bulls could not […]
