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 […]
EURUSD Price Analysis – April 13 EURUSD aims to extend on latest earnings at the start of the week, performing mostly to hold prices beyond 1.0900 level while losing traction ahead of key 1.1000 level towards the backdrop of lean market conditions due to Easter Monday’s break-in many European markets. Key Levels Resistance Levels: 1.1495, 1.1285, […]
USDWTI Price Analysis – April 13 Despite the enormous losses, WTI reluctantly welcomes the OPEC+ deal, as the market matches it to initial forecasts of 20 million barrels a day of cuts as fresh recovery seems unable to sustain rates beyond $25.00 level. Although further recovery is anticipated, the lack of major economic calendar events […]
GBPUSD Price Analysis – April 12 The GBPUSD pair ended the prior week with gains around the 1.2465 level after peaks in the previous session at 1.2486 level. This represents the several times that this price zone was approached by the pair and was unable to push beyond it while anticipating acceleration above the level at 1.2500. The Sterling has gained […]
GBPJPY Price Analysis – April 12 Even though there are fluctuations in the country caused by the coronavirus, GBPJPY continues at the forefront, while the price fluctuates beyond the level of 135.00, rising by around 0.40%. Motivated by the Bank of Japan head’s recent positive remarks, Haruhiko Kuroda, referring to market uncertainty and resolve to […]
EURJPY Price Analysis – April 10 EURJPY has lately rebounded to restore more trading activity after posting multi-week lows around the level at 116.12 and has risen as high as the 119.00 mark, where it lacks much potential for growth. On Friday, the common European currency stayed stable against the Japanese Yen, while the exchange […]
USDCHF Price Analysis – April 10 After breaking beneath its ascending trendline, USDCHF found some footing around the 0.9650 handles expanding its price action to the crucial level. Although the inactive session of Good Friday restricts the movements of the FX pair, it stays on the back foot around the level at 0.9650. Key Levels Resistance Levels: 1.0027, 0.9902, […]
AUDUSD Price Analysis – April 9 The Australian dollar also shifted along with global stocks, as coronavirus outbreaks, particularly in the US, are already reaching a peak. On Thursday, the AUDUSD pair pushed higher and renewed session highs in the last hour, while displaying considerable strength beyond the 0.6350 level. Key Levels Resistance Levels: 0.7031, […]
USDWTI Price Analysis – April 9 WTI is trying to consolidate the rise to a fresh $28.22 level two-day high, as the bulls take a breather back from the latest recovery near the $25.00 mark. At the time of the news, US oil is trading at $27.04, still up to now. News on Thursday that […]
