The dollar continued to lose ground against most of its major rivals, but the JPY hit new multi-month lows across the board. The US dollar pulled away from stocks, Asian and European indices declined, and US indices mixed during the day. The decline appears to be a continuation of Tuesday’s unidirectional movement. Market sentiment was […]
GBPJPY Price Analysis – July 22 GBPJPY is among the highest-rated crosses, as today’s buyers are rallying 40 pips from the open price close to a prior barrier. GBPJPY ranges from 136.35 to 135.28 levels during Wednesday’s initial European session trading into the American session. Key LevelsResistance Levels: 147.95, 139.74, 136.44Support Levels: 134.12, 131.75, 129.29GBPJPY […]
Key Resistance Zones: 5800, 6000, 6200Key Support Zones: 5000, 4800, 4600 France 40 (FR40EUR) Long-term Trends: RangingFrance 40 index is currently in a sideways trend. Since June, the index has been consolidating in the middle of the price range. FR40EUR is not trading in a particular direction. It is presently falling and trading at level […]
XAGUSD Price Analysis – July 22 Following the dramatic rebound seen since the start of the week, during European trading, Silver (XAUUSD) bulls are pricing in prospects for further uptrend. Its technical setup supports buyers to pump XAGUSD beyond $22.50 level. The appetite for a store of wealth strengthens silver which is supported in part […]
Gold (XAU/USD) appears to have entered a consolidation phase around the $1,850 region after yesterday’s unprecedented bullish performance. The yellow metal effectively capitalized on its recent bullish momentum and continued on its gaining spree for the fourth consecutive trading session. The strong move to its 9-year high point was supported by worries that the second […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: RangingThe Loonie is in a sideways move in June and July. The market is fluctuating between levels of 1.3500 and 1.3700. The price is falling after facing rejection at level 1.3600. The current price is falling and approaching the low […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingThe pair in an upward move but was resisted at level 1.0800. The price retraced to level 1.0716 and resumed a sideways move. The pair is fluctuating below the resistance at level 1.0800. For the past week, the pair has […]
Retail sales in Canada jumped sharply in May, and Statistics Canada preliminary data points to another strong month in June Retail sales rose sharply 18.7% in May as more brick-and-mortar stores opened as cases of the virus declined across Canada and consumer confidence rose from April lows. Statistics Canada noted that 23% of retailers remained […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BearishItaly 40 is in a downward move. It is falling after rejection at level 21000. A correction candle body tested the 0.50 Fibonacci retracement level. It indicates that the index will reach a low of 2.0 extension level. In […]
