Gold (XAU/USD) traded through yesterday’s North American session with a mild negative bias and was last spotted trading around the $1970 level. The mild negative bias from yesterday continued into the European session on Wednesday after extending its overnight correction slide from its two-week highs. The bearishness was induced by a combination of factors. A […]
XRP/USD Market September 02 Further increase in the XRPUSD is envisaged as the bulls open up the market today above $0.29 and the price will be confronted with the resistance level at $0.33, $0.36, and $0.39. Should the price be interrupted by the bears, the price may pull back to retest $0.29. Key Levels: Resistance […]
The final versions of the Markit PMIs were mixed. Data for Germany, Spain, and the United States have been revised downward from preliminary estimates. The final US index for August was 53.1, below the preliminary estimate of 53.6, although the official ISM manufacturing PMI for the same month surprised at 56 points, better than the […]
Investors have been trooping into Bitcoin (BTC) and other cryptocurrencies since August 37, with the overall market capitalization rising from $348 billion to its current peak at $400 billion. This inflow of capital has assisted Bitcoin to grow by over $800 from its August low of $11,115 set four days ago as it approaches the […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: RangingThe index is in a sideways move. The market is fluctuating between levels 19000 and 21000. Each time the price tests the resistance zone; the index will fall and resume the sideways move. The index is trading in the […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD pair is in an uptrend as price breaks level 0.6700. The market is expected to reach a high of 0.6800 and reverse. Presently, the market is testing a historical price level at level 0.6766. Thereafter a downward move is […]
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 pair is on a downward move. The price has earlier tested the 0.9150 resistance twice before resuming a downward move. The pair has formed a bearish double top which is responsible for the downward move. The selling pressure […]
USDCHF Price Analysis – September 1 The USDCHF pair tested 0.9000 level for the second consecutive day on Tuesday and step a pivotal rebound after support discovery. As of writing, the pair was up 0.42 percent daily at 0.9075 level. Given the broad-based vulnerability in the USD, the risk-on market environment does not permit the […]
S&P 500 Price Analysis – September 1 The S&P 500 showed a very good breakout beyond the peak and all-time high previously. The uptrend is ready for continuation simultaneously. From the low of March 23, the S&P 500 has continued to rise a whopping 55 percent – the biggest pullback in the record. With no […]
