Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: Bullish The EUR/GBP pair is in an uptrend. The current uptrend is facing resistance at level 0.9140. The bulls retested the resistance twice before resuming a downward move. Buyers have been retesting the resistance zone since early July. A break […]
EURUSD Price Analysis – July 20 EURUSD continued to trade around the 1.1452 high level as EU leaders prolonged Monday’s recovery fund meeting to another day. The old continent’s leaders have prolonged their bargaining for the fourth day, trading to sign off on a recovery fund – and they’re right on the brink of a […]
XAGUSD Price Analysis – July 20 The white metal rebounded from prior day losses as market activity turned upside. XAGUSD price continued to ascend gradually to the exit of the day before, settling at around $19.32 level, it nevertheless, reflects a lower high. Key LevelsResistance Levels: $21.00, $20.50, $19.65Support Levels: $18.94, $18.37, $18.00XAGUSD Long term […]
Day trading or swing trading? I find that to be a very loaded question. New traders are always curious to know which trading style is preferable. Although both trading styles have their distinct advantages and disadvantages, the important thing to find out is which of the two best suits your personality. In this article, we […]
EU members have prolonged talks over the weekend, aiming to find consensus on a recovery fund for coronavirus. Council President Charles Michel proposed on Saturday a €50-billion transfer of financing from grants to loans to break the impasse. However, the remarks by German Chancellor Merkel and Greek Prime Minister Kyriakos Mitsotakis on Sunday suggested that […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: RangingAustralia 200 has been trapped between levels 5750 and 6200. The market has been consolidating in the last one month without breaking the key levels. The price has tested the resistance line as the index continued its range-bound movement […]
GBPUSD Price Analysis – July 19 The GBPUSD exchange rate had earlier attempted to reach 1.2647 level. The rate closed at 1.2563 levels during the prior session. Some selling potential may probably emerge in the market as the moving average 5 pressures the currency pair, as well as the moving average 13 in the 1.2560 […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingPresently, FTSE 100 share is in a sideways trend. It was previously rising in an ascending channel. The upward move has been terminated on June 16 as the price reached level 6350. The sideways move has also broken the support line […]
GBPJPY Price Analysis – July 19 GBPJPY holds at a level of 134.45 after easing its directional movement in the prior session, as the pair is now confined to the price channel indicating sideways bias beneath the 135.00 marks. To confirm further growth, the asset has to breach the moving averages and the upside border […]
