GBPUSD Price Analysis – April 15 Over the early North American session, the GBPUSD pair proceeded to lose position ahead of the level at 1.2700. Sterling tumbles and that’s for positive reasons. Although broad dollar growth is also behind the FX pair decline, following a reversal in stocks. Key Levels Resistance Levels: 1.3514, 1.3172, 1.2725 […]
XAUUSD Price Analysis – April 15 The XAUUSD exchange rate reached the level of $1,747.72 as of the previous session. The rate flipped south through Wednesday morning as downside correction remains restricted after witnessing early selling today, breaking three straight days of unbeaten run. Key Levels Resistance Levels: $1,780, $1,765, $1,747 Support Levels: $1,690, $1,675, […]
Key Resistance Zones: 5900, 6000, 6100 Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Bearish As of today, France 40 index is still facing resistance at 4600. The market is on a downward move as a result of the resistance at 4600. This will be the second unsuccessful attempt at the resistance. […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish After the bearish impulse on April 13, LTC dropped to $40 low. The selling pressure was caused by price as the pair reached $47 overbought region. Sellers pushed prices down to $40 low. This provides buying opportunities as […]
Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bearish The index is still trading below the resistance at 18000. Italy 40 has not been broken since March 25. Today the bulls are testing the resistance zone but were resisted. The market will rise to a high […]
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 currently in a sideways move. The market is ranging between the levels of 106 and 110. Recently, the pair traded to the high of 112.228. At the recent high of 112.228, the market reached […]
USDCHF Price Analysis – April 14 In the European session, the greenback selling resurgence increased momentum and pushed the USDCHF pair to new two-week lows around the area of 0.9620-00. In addition to a broad-based USD weakness, the drastic drop defied any obvious fundamental impetus and also appeared somewhat unchanged by a turnaround in global risk sentiment. […]
S&P 500 Price Analysis – April 14 Guarded optimism that the global coronavirus pandemic may have begun to nosedive pushed the S&P 500 higher in the European session on Tuesday past the 2800 psychological mark during Asia session. Steady growth is likely to continue, as the COVID-19 impacts the majority of businesses. Key Levels Resistance […]
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’s major battle is at the $0.20 resistance. Before now the bulls have made two unsuccessful attempts at the resistance. The upward move is temporarily resisted at $0.19 but it is continuing its consolidation above $0.18. As the consolidation […]
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