AUDUSD Price Analysis – July 9 The AUDUSD pair retreated to level 0.6950 after failing to rise above 0.7000 level earlier in the week. Despite the growing number of confirmed infections with coronavirus in the US, increased optimism about a vaccine allows market sentiment to remain upbeat. Key LevelsResistance Levels: 0.7205, 0.7064, 0.7031Support Levels: 0.6938, […]
EURUSD Price Analysis – July 9 The EURUSD pair is currently trading about the same intraday level as the last session, around the 1.1290/1.1350 range, trying to climb back over 1.1350 level. EURUSD is easing prior day’s gain well beneath the 1.1300 level in a context where the risk appetite continues to be preferred among […]
GBPJPY Price Analysis – July 8 Given the current pullback, GBPJPY has succeeded in posting new advances above 135.00 levels amid bullish market bias while buyers retain the upside tone. The surge from the low level of 131.75 level has sustained a positive trend rising above the moving average of 5 and 13 thus trading […]
XAGUSD Price Analysis – July 8 Silverspot cracked psychological $18.50 barrier on Wednesday, after taking out high at $18.37 level. The shining metal is trading at $18.72 level as of the time of this post. Demand for safe-haven metals remains strong and is expected to persist as the situation regarding global economic recovery after lockdown […]
USDCHF Price Analysis – July 7 The US Dollar versus the Swiss Franc is currently trading in a descending channel pattern. The currency pair has declined by 1.45% since last week’s trading sessions. Sellers may aim at the 0.9300 level on negative bias within the following trading sessions. Key levelsResistance Levels: 1.0027, 0.9766, 0.9500Support Levels: […]
S&P 500 Price Analysis – July 7 S&P 500 declined to 3149 levels, down 0.21% on a day, after markets reached two weeks high at 3194 level trading on Tuesday. The risk barometer surged to the highest since June 19 in the prior session while marking fresh gains on Wall Street. Key LevelsResistance Levels: 3300, […]
EURUSD Price Analysis – July 6 EURUSD is striving to smash through the recent convergence zone and aims to crack the 1.13 barrier more compellingly. The EURO progressed in early Monday’s trading, up 0.5 percent after European session opening, supported by fresh risk aversion and economic recovery optimism. Key levelsResistance Levels: 1.1495, 1.1422, 1.1350Support Levels: […]
XAGUSD Price Analysis – July 6 Silver (XAGUSD) indicates a strong, lower-price pattern that supports further upside. Since gaining some few pips higher today on low volume, the pair began the day at $18.04 level about 0.92 percent higher. Since regaining from the recent selling pressure at $17.76 level the upside traction continues for $18.37 […]
GBPUSD Price Analysis – July 5 The GBPUSD pair held steady in the prior session beneath the 1.2500 thresholds but ended the week with solid increases. At the end of the week, optimism mingled with concerns as Britons welcomed Saturday’s reopening of social events. Key LevelsResistance Levels: 1.3514, 1.2812, 1.2560Support Levels: 1.2300, 1.2075, 1.1409 GBPUSD […]
