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 […]
XAUUSD Price Analysis – May 20 Gold continues to capitalize on its modest gains higher, moving towards the latest high around the $1750 price level, but the precious metal has been capped by the upbeat market mood and recent greenback upturn. A solid rally in the US equity futures also kept a lid on any […]
Key Resistance Levels: $70, $80, $90Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: BullishToday, buyers are retesting the $46 high which is now a minor resistance. About 48 hours ago, the bulls were resisted as they attempt to move upward. Buyers are still finding penetration difficult at the resistance. However, if the selling […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe USD/JPY pair is trading in a sideways trend. The price is fluctuating between levels 108.000 and 110.000. Today, the Yen is testing the lower price range to break above it. The index will be in the range-bound zone if […]
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