EURUSD Price Analysis – May 14 EURUSD is expanding the range note to the lower end of this week’s monthly level as of now. EURUSD overwhelmed offers in the rising 1.08-area however the course of the USD altered as Powell openly stated that low rates are no alternative for the Fed. The greenback safe-haven bid […]
Key Resistance Levels: $275, $300, $350Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: BullishThe bulls have been battling to overcome the $280 overhead resistance. In its last attempt to break above the overhead resistance, BCH encountered a breakdown. Since May 10, it has been consolidating above $230 support after the breakdown. As price […]
Key Resistance Zones: 5900, 6000, 6100 Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Bullish France 40 is in an ascending channel. In the last 48 hours, the index has been falling from the high of 4600 resistance zone. The price is testing the previous support level which may eventually. The market […]
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 […]
