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 has already fallen to level 106 in a bear market and has resumed an upward move. The pair is currently facing resistance at […]
EURUSD Price Analysis – May 21 During Thursday’s American session, the EURUSD pair tested the 1.10 threshold upside down and was seen 0.20 percent lower on the day. The FX pair extends the recovery and flirts past the level of 1.1000 towards the main barrier potential test in the region of 1.1055 and later lost […]
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 bulls have broken above level 5500 but it is currently trading below level 5600. The market fluctuates below the resistance at level 5600. The price is retracing to level 5400 and […]
AUDUSD Price Analysis – May 21 The AUDUSD pair climbed to its highest level in the previous session since early March at 0.6616, before entering a consolidation period after staging a moderate rebound past 0.6569 level. The pair witnessed some lengthy-unwinding force on Thursday and appears to have broken two consecutive days of winning run […]
Key Resistance Levels: 74.000, 76.000, 78.000Key Support Levels: 58.000, 60.000, 62.000 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair is in an ascending channel. The bulls broke the previous resistance at level 70 and pushed price to level 71.034. However, at the current price level, the market is facing some resistance. The price is currently retracing […]
Key Resistance Levels: $275, $300, $350Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: BullishToday, Bitcoin Cash is consolidating above $230 but characterized by small body candlesticks. On May 8, the bulls attempted to retest the $280 resistance but were resisted. BCH dropped to $230 low and resumed consolidation. Further upward move has been […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 is in an ascending channel. The upward move is being interrupted at level 4600. On May 8, the bulls tested level 4600 and the index was resisted. The price dropped to 4200 low and resumed upward move. […]
Key Resistance Levels: 1.42000, 1.44000, 1.46000Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: RangingThe Loonie was earlier in a bear market. A bull candle body tested the 0.786 Fibonacci retracement level. The candle body that tested the 0.786 retracement level indicates that the market will fall and reverse at the 1.272 Fibonacci extension […]
GBPUSD Price Analysis – May 20 The Pound Sterling has been on Wednesday’s back foot and intensified lower after an analysis showed Britain’s inflation dropped sharply in April, striking the lowest as of 2016 due to an interruption by the coronavirus. The weakness was, however, protected by the 1.2240 regions as GBPUSD regains traction towards […]
