key Resistance Zones: 15000, 15200, 15600Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BullishGermany 30 is in an upward move after retracing to level 13400. A retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the index will rise and reach level 1.272 Fibonacci extensions or level 14428.0. […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishEUR/CHF has resumed an upward move as price breaks above the SMAs. The pair has risen to level 1.0827 but it is presently retracing from the recent high. The upward move is likely to resume after a retracement. Daily Chart […]
EURUSD Price Analysis – February 1 The EURUSD pair spent the American session plunging lower in a relatively tight range near sub 1.2100 coming under strong downside pressure. Meanwhile, the US Dollar Index inches higher around 91.00, rising 0.50% on the day. As of writing, EURUSD is down 0.50% daily at the 1.2072 level. Key […]
XAGUSD Price Analysis – February 1 The white metal’s spot price has surged from under $27 during Monday’s European session into the American morning session past the $30 level, marking a nearly 20% rally on the day. Silver is being driven higher for the 3rd day in a row by a continuation of strong retail […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe EUR/GBP has continued its downward move. The selling pressure has reached the low of level 0.8832 but the price is fluctuating below level 0.8850. The downtrend will continue if the current resistance is not breached. Also, the pair will […]
Gold (XAU/USD) traded on a bullish sentiment through the mid-European session on Monday, as investors rode on the massive gains in the silver (XAG/USD) market. However, gold remained confined within last week’s highs amid a goodish bounce in the US dollar, which tends to undermine demand for the dollar-denominated commodity. Gold remained range-bound for the […]
GBP/CHF resumed its bullish momentum in the early European session, as the GBP picks up demand and market mood soars. Meanwhile, the pound is likely to gain more traction as the European Union holds off from putting the UK on the export restriction list. President of the EU Ursula Von Der Leyen’s recent comment about […]
GBPUSD The GU is again retesting and rejecting a MASSIVE level on the daily (1.3750) and we are looking to short the breakout of the reversal structure. This pair has been trading inside of a rising pennant testing time after time this big daily level printing major bearish divergence on its way. The break of […]
The EU is still trading inside of the range it has been trading for the past 2 1/2 weeks but now has broken with a wedge and dropped 36 pips to created wen weekly lows. We missed the move but a pullback to the previous broken level would give us a great short entry with […]
