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 is making an upward move. The uptrend is facing resistance at level 1.0860. The daily candlestick is having long wicks indicating that there is strong selling pressure at higher price levels. On December 17 uptrend; a retraced candle body […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie has been in a downward move. The downtrend is likely to continue. On December 14 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair will fall to level 1.618 Fibonacci […]
After old hit and rejected 1900 it pulled back to retest 1870 and has been trading inside of a 150 pip range for the past 2 sessions. We are still trading inside of the mid term bullish structure and should price break with today and yesterday’s highs a retest of the 1900-1905 zone would be […]
The Dow Jones closed negative -0.22% yesterday after rallying +0.75% to all time highs around 30590 amid the possibility of more fiscal aid being approved by Congress. The new relief bill has been signed into law and the $600 stimulus checks are now being distributed to American citizens. Senate Majority Leader Mitch McConnell blocked yesterday […]
Gold (XAU/USD) continued its sideways journey in the early European session on Wednesday, as the commodity is locked in a battle with the $1880 price point. The yellow metal could not capitalize on last week’s goodish bounce to the $1900 psychological figure amid the flourishing upbeat market risk mood. The global sentiment got more bolstering […]
GBPJPY Price Analysis – December 30 The British pound has staged a strong bounce back against the Japanese Yen, with the pair recovering back above the 140.00 marks. The underlying upside sentiment undermined the safe-haven JPY and remained supportive of the British Pound. Key LevelsResistance Levels: 142.71, 141.21, 140.31Support Levels: 139.47, 138.00, 137.00GBPJPY Long term […]
EURCAD Price Analysis – December 30 EURCAD probes intraday high around 1.5737 level and retreats to 1.5677 level as buyers continue to hold price ahead of 1.5600 level for the 4th day in a row on Wednesday. A modest uptick in oil prices supported the Canadian dollar and added to the selling bias. Meanwhile, a […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is in an uptrend. The upward move is facing resistance at level 22500. The index fell to level 21400 and moved up. The index will reach level 23000 if the current resistance is broken. Daily Chart Indicators […]
XRP/USD Market December 30 XRPUSD is penetrating the key support level at $0.21 indicate that the coin may decrease further to $0.17 and $0.10. The resistance levels above the current price can be found at $0.28, $0.39, and $0.49. Key Levels: Resistance levels: $0.28, $0.39, $0.49 Support levels: $0.21, $0.17, $0.10 XRP/USD Long-term Trend: Bearish […]
