GBPJPY Price Analysis – February 5 Buying sentiment around the British Pound increased slightly during the early European session on Wednesday, while the British Pound rose versus the Japanese Yen beyond the 143.00 level, or near the two-week highs in response to the upbeat UK macroeconomic data. Key Levels Resistance Levels: 148.66, 147.95, 144.60 Support […]
XAUUSD Price Analysis – February 5 Gains in stock markets put the gold price under control. Precious metals are declining for the second day in a row. Notwithstanding financial specialist anxieties about the effect of the Coronavirus, stocks clutched gains. The fall additionally came in the midst of the trading of the US dollar on […]
USDCHF Price Analysis – February 4 The Forex pair exited the previous session with small gains and continued to rise towards the 0.9700 level on Tuesday, supported by optimistic market sentiment. At the time of writing, the pair is trading at 0.9692 level, adding 0.32% daily. Key Levels Resistance Levels: 1.0231, 1.0027, 0.9766 Support Levels: […]
S&P 500 Price Analysis – February 4 The S & P 500 rose strongly in a temporary pullback to a higher zone on Tuesday as the risk-on mood is dominating the market. Buyers have gathered significant momentum, and a breakout past 3300 could retest an all-time high near 3338.50 level. Key Levels Resistance Levels: 3400, […]
EURUSD Price Analysis – February 3 The beginning of the week saw the dollar regain its bullish tone, as it rose against most major currencies on the back of stronger-than-expected US data. At the moment, the market is reversing from the EUR rebound on Friday and testing the horizontal level at 1.1095. Key Levels Resistance […]
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 […]
