Key Resistance Levels: 1.42000, 1.44000, 1.46000 Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: Ranging The Loonie has been in a sideways trend after a downward move. During the bearish market, the bull candle body tested the 0.382 retracement level. This bull candle body determines the extent of price fall. The Fibonacci tool […]
GBPUSD Price Analysis – May 13 The GBPUSD pair retained on to its fairly positive tone around session highs, across the area of 1.2275-1.2301, but had a very restrained impact to the economic releases in the UK. The updated GDP report revealed that, during the first quarter of 2020, the UK economy shrunk worse than […]
XAUUSD Price Analysis – May 13 The gold price appears to be holding on in the region of $1,700 while staying locked within a range of between $1,702.46 and $1,706.66 thresholds into open European deficient in upside traction. The mood of risk is relatively healthy, but as the week evolves, there seems to be a little […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish After three unsuccessful attempts to break the $50 overhead resistance, LTC suffers another setback. The market has been falling above $46 support after each resistance. The recent breakdown breaches the support levels of $46 and $44 to reach […]
Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bullish Italy 40 is rising and in an ascending channel. The index is making a series of higher highs and higher lows. The price is on the higher low of the support line. At the higher lows, the […]
Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Ranging The USD/JPY pair is trading in a sideways trend. Presently, the pair is trading between level 108.000 and 110.000. In April, the market fell to a low of 106.000 and rebounded to level 107.769. In the meantime, price […]
USDCHF Price Analysis – May 12 The USDCHF pair drifted from three-day highs about 75 pips and fell in the last hour to new session lows, around the region of 0.9670. The pair failed to follow up on its initial rebound, rather met another fresh supply close to mid-0.9700s level despite substantial dollar weakness and the […]
S&P 500 Price Analysis – May 12 While United States President Donald Trump’s stern position toward China is impacting on the market’s risk-on mood, S&P 500 grapples with bears while wavering at negative 0.30 percent to 2901 level during Tuesday’s early European session. When S&P 500 was being published, it’s drifting while increasing in value […]
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish Ripple was earlier trading above $0.21 for over six days before the price breakdown. XRP dropped to the low of $0.17501 after breaking the support line. There is an indication of a downward move as price closed below the […]
