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 sideways trend below the overhead resistance at level 0.94000. Since on April 14, the pair has been consolidating above level 0.87000. On May 11, the price rebounded above level 0.87000 to resume upward move […]
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 ascending channel. Since April 29, the upward move has been interrupted by the resistance at level 24600. The index will rise above level 25000 if the resistance is broken. […]
Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Price Long-term Trend: BullishNZD /USD pair is in an ascending channel. The New Zealand Dollar has earlier fallen to level 0.56000 and resumed an upward move. The current uptrend is being interrupted at level 0.61500. Since April 14, the Kiwi has been […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is currently trading in ascending channel. The share is currently trading below the level 6000. The upward move has been interrupted since May 12. Each time the market tests the resistance level the price will fall above 5800. Buyers […]
GBPUSD Price Analysis – May 24 From the last trading session, the GBPUSD pair has dropped in a row for the 3rd day, ending at around 1.2161 level. The BOE also weighed the UK currency speaking about negative rates, and Brexit-related uncertainties, as the Kingdom refuses to prolong the transitional phase past December this year, […]
GBPJPY Price Analysis – May 24 The sterling stays selling against the Japanese yen on a bid tone, poised for a three-day negative note, unable to bounce from the ascending trendline, now at 130.86 level. And the pair kept the downside bias steady, with the pound softer against the safe haven-yen as the bleak UK […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 is trading above 20500 but below level 21000. Since April 29, the market has been trading below 21000 resistance but above level 20500. The market seems to be consolidating above level 20500. The bulls have failed to […]
EURJPY Price Analysis – May 22 The common European currency has dropped significantly since yesterday’s trading session by 116 pips or 0.98 percent against the Japanese Yen. At the back of renewed demand for the safe-haven JPY, the upside momentum in EURJPY lost traction in the 118.52 Zone. Other things considered, the exchange rate for […]
Key Resistance Levels: 2900, 3000, 3100Key Support Levels: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Price Long-term Trend: BullishThe SHCOMP is currently in a horizontal channel. The index has been trading below level 2900 because the bulls failed to break the resistance at level 2900. The price has been repelled as the market reaches […]
