Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BearishFrance’s 40 index is in a downward move. FR40EUR has fallen since January 11. Today, the market has fallen from level 5689 to level 5411.50. A further downward movement is expected. Daily Chart Indicators Reading:The index is currently at […]
Following a significant parabolic bull run that saw Bitcoin (BTC) hit a new all-time high some weeks ago, the benchmark cryptocurrency—in a weird twist of events—is now in a battle to stay above the $30k psychological mark. This $12,000 decline has caused many to wonder if the bull cycle is over and if BTC will […]
The dollar, yen, and Swiss franc have strengthened again today as the fall in European stocks weakened. The mood is somewhat softened by the UK plan to introduce stricter border measures. Germany has cut its growth forecasts for this year. Commodity currencies declined in line with the general risk sentiment.The German government cut its growth […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishEUR/CHF has r downward move after testing level 1.0780. On January 18 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will fall to level 1.272 Fibonacci extension or level 1.0704. Daily […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BullishOn January 21, the Loonie rebounded above level 1.2620 to resume an upward move. The uptrend continued today after the bulls break the resistance at 1.2689. The pair has risen to level 1.2762 at the time of writing. Daily Chart […]
GBPJPY Price Analysis – January 27 The GBPJPY pair is moving into the sellers’ region while upside bias stays restrained in the near term, yet it targets 142.71 highs and beyond. The UK’s vaccine campaign continues at full speed, but it is unclear if the lockdown will be easing. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support […]
Gold (XAU/USD) maintained its bearish tone through the early European session on Wednesday and was last spotted trading around the $1845 area. The bearish momentum was solely sponsored by a goodish uptick in the US dollar, which tends to undermine demand for the dollar-denominated commodity. The greenback saw a fresh influx of demand amid doubts […]
EURCAD Price Analysis – January 27 The single European currency has edged lower by 0.05% against the Canadian Dollar since the beginning of the Wednesday session. The currency pair stays lower from the intraday’s price of 1.5472 with the upside run staying constrained beneath 1.5500. Given the exchange rate’s recent rebound from lows, the pair […]
The Kiwi-Dollar bounced from the 0.7170 level and rallied about 79 pips to the previous key zone. We are trading the breakout of a falling wedge only if it breaks the previous highs. Should price not break the previous highs we should delete the pending order. Validation level: 0.7236 Invalidation level: 0.7219 Broker Benefits Min […]
