Key Resistance Levels: 0.9200, 0.9400, 0.9600 Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: Bearish The EUR/GBP pair is on an ascending channel. The market has earlier fallen to level 0.87426 or at the support line. The price rebounded at this low but it is currently facing resistance at the 50-day SMA. The […]
EURUSD Price Analysis – May 4 At the weekly start, the EURUSD pair pulled back lower, as the market jump-started in the risk-off mood on Monday. After the Asian session, the pair’s slump was apparent, though the pair gained little support near 1.0930 level amid London trading hours, while bottoming at 1.0922 level. European data […]
USDWTI Price Analysis – May 4 The current forward term is rising to USDWTI’s level of $27.40 after bouncing off lows for June WTI, this week with the shift in movement path reinforces market centered on the demand transition level; seeking to slowly remove transportation constraints in major economies. Key Levels Resistance Levels: $29.11, $27.40, $24.50 […]
Key Resistance Zones: 13600, 14000, 14400 Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: Bullish Recently, the index was in an upward move as it reached a high of 11000. The price was resisted at level 11000 as the market fell to level 10498.80. The market fell to the support above the […]
Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Bearish Ethereum is in a downward move as the bulls turned down after failing to break the resistance at $227. The bulls made unsuccessful attempts before its downward move. There are two possibilities as price approaches the critical support of […]
GBPJPY Price Analysis – May 3 As GBPJPY pulls back from the multi-day top, it reverses to level 133.47, down 0.75 percent in the previous session, amid recent risk-off. While doing so, the pair do seem to have dismissed pessimistic Japanese GDP projections and the Asian nation’s weak figures. Key Levels Resistance Levels: 147.95, 139.18, […]
GBPUSD Price Analysis – May 3 After hovering with April’s monthly peak, the GBPUSD pair retracted rapidly at the later part of the week ending at 1.2487 level. The April UK Markit Manufacturing PMI has been adjusted down to 32.6, worse off than estimated, whereas in March, Consumer Credit plummeted to £-3.8 B. PM Johnson was […]
Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: Sell US30USD index was earlier trading below the resistance at 24000 since April 7. The bulls broke the resistance on April 27 as price reached level 25000. Buyers were resisted at level 25000 as the market […]
Resistance Level: 7500, 7600, 7700 Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: Bearish FTSE100 was in an upward move as the share reached level 6129.60. Since April 30, the share has been on a downward move. Presently, the price fell and found support above 21-day SMA. The market will resume an upward […]
