USDWTI Price Analysis – February 3 West Texas Intermediate barrel (WTI) lost nearly 16% in January and extened its decline on the first trading day in February as markets continue to price the impact of the Corona Virus outbreak on global oil demand with its lowest level since January 2019 at $ 49.88 in the […]
GBPUSD Price Analysis – February 2 The GBPUSD pair exited the week with a few points past the 1.3200 level, its highest level in about a month. Its the start of a fresh age, while the focus is now shifting more clearly from the “Brexit deal” to a “business partnership” with the European Union. On […]
S&P 500 Price Analysis – February 2 The S&P 500 Index strikes out its 2020 highs on heightened concern that the spread of the coronavirus will slam global economic growth with the S&P 500 dropping more than 3% from its all-time high on January 22. Key Levels Resistance Levels: 3400, 3350, 3300 Support Levels: 3200, […]
EURJPY Price Analysis – January 31 The best tone surrounding the European currency is to keep the rebound in EURJPY to the 120.40 regions, not far from where the initial supply barrier is at the 120.17 level. Key Levels Resistance Levels: 124.31, 123.37, 122.87 Support Levels: 120.17, 119.99, 115.83 EURJPY Long term Trend: Ranging In […]
S&P 500 Price Analysis – January 31 The number of S&P 500 stocks that traded above their 5 and 13 moving average on Friday fell to the lowest level since October. Markets collapse on Friday as the coronavirus spreads, for the moment, easing bullish sentiment and fuels uncertainty in a period of high valuations. Key […]
AUDUSD Price Analysis – January 30 AUDUSD currency pair further declines during the American session on Thursday as the bitter market mood is affecting the sensitive Australian dollar. As of this writing, the pair was trading at its lowest level since late September at 0.6712, as it lost 0.6% daily. Key Levels Resistance Levels: 0.7085, […]
USDWTI Price Analysis – January 30 Recent headlines dip out to support recovery in crude oil prices. At the hour of composing, the West Texas Intermediate barrel was trending at $ 52.22 level, erasing 1.45% daily. WTI crude prices plunged mainly due to concerns about the Coronavirus, and the Energy Information Administration (EIA) said that […]
GBPJPY Price Analysis – January 29 After trendless trading activity in the prior session, the pair met some new supply on Wednesday and was suffering from a host of negative sentiments. GBPJPY held onto its weakest defeat, beneath 142.00 level and stays well within close distance of the three-week lows set in the prior session. […]
XAUUSD Price Analysis – January 29 Gold Buyers looking for stability and while returning towards $ 1,580 level. On Wednesday, risk appetite failed to provide a guiding path for safe-haven gold as investors take a break from coronavirus epidemic toplines. Key levels Resistance Levels: $ 1625, $ 1595, $ 1580 Support Levels: $ 1567, $ […]
