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 is in a downward move. A correction candle body tested 0.618 Fibonacci retracement level. It indicates that the pair will fall and reach a low of 1.618 Fibonacci extension level. In other words, the market will reach level […]
On Tuesday, the US Federal Reserve confirmed it had agreed to extend its lending facilities, which were due to expire on or around September 30 through December 31. “The three-month extension will promote preparation by future participants in the facility and provide assurance that the facilities will remain open to help the economy rebound from […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: RangingItaly 40 is in a sideways move. The market has been fluctuating between levels 19000 and 21000. The index is in a downward move after the appearance of a shooting star. The price is likely to terminate in the […]
USDCHF Price Analysis – July 28 The USDCHF pair ended Monday’s seventh consecutive day in the negative territory and kept pushing down on Tuesday. USDCHF plunges beneath critical levels as dominant Swiss drags down pair. The pair was down 0.41 percent daily at 0.9156 level as of writing. Combined with the risk-averse climate, the broad-based […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD pair was recently in an upward move. The uptrend has been terminated at level 0.6700 as price makes a downward move. From the Fibonacci tool, the price that terminated at level 1.272 will reverse and return to the 0.786 […]
The Nasdaq 100 (NDX) made significant gains yesterday amid the fresh optimism over an additional stimulus package following Monday’s statements by Treasury Secretary Steven Mnuchin that lawmakers are close to agreeing on a $1 trillion stimulus deal. It is believed that the proposal will include another round of $1,200 checks. Meanwhile, the Nasdaq Composite (NASDAQ […]
S&P 500 Price Analysis – July 28 S&P 500 Futures rise 0.35 percent during early Tuesday picking up bids close to 3249 levels. After once again faced rejection at 3250 levels, the S&P 500 has reached a consolidation trading period beyond 3200 levels, anticipating fresh support from US stimulus negotiations, optimism on global stocks, and […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: RangingUSD/JPY was earlier in a sideways trend as prices make a downward move. The price has already broken below the lower price range. The price action is indicating bullish signals as the pair moves up. On the upside, if price […]
At the beginning of the week, the market lacked fresh catalysts, and speculative interest decided to continue selling the dollar. EUR/USD hit 1.1751, while GBP/USD was trading at 1.2900. Both pairs settled a few pips below the highs mentioned. Commodity-related currencies advanced at familiar levels relative to their US counterparts as weak stock tone limited […]
