Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingNZD/USD pair was earlier in an upward move. The uptrend has been terminated in June as price reached level 0.6600. After the uptrend was terminated, price fell to 0.6400 to resume a fresh uptrend. The resistance at level 0.6600 was […]
The forex markets in today’s subdued trading are normally trapped within yesterday’s range. At the start of the session, Chinese stocks attempted a turnaround, but quickly switched to red again, continuing with the mini-crash on Thursday. But other Asian markets are mixed, with little close overnight reaction to weaker US. As for the week, Euro […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: BullishSHCOMP was earlier in a sideways trend. The range-bound movement was broken as price broke the resistance line and closed above it. The implication is that the index has resumed an uptrend. SHCOMP rose and was resisted […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: RangingJapan 225 is still consolidating sideways since June 10. Presently price is falling after testing the resistance line. The price will fall either to the support line or to the middle range and then reverse again. Japan 225 is […]
Gold (XAU/USD) climbed higher through the early European session to the $1,800 line, erasing a good portion of yesterday’s loss. Worries over the exponentially-increasing Coronavirus cases globally and deteriorating US-China relations continue to lend support to the safe-haven appeal of gold. This coupled with the recent weakness in the US dollar provided additional support for […]
EURJPY Price Analysis – July 17 Throughout much of the trading week, EURJPY has been very optimistic but, lately, the market action has turned to the downside and could attempt a level of 120.50. EURJPY has come under some selling pressure after hitting fresh multi-week highs close to 122.50 level and is now floating around […]
USDCHF Price Analysis – July 17 In the previous session, the pair established an upside candle that confirmed a price reversal higher from the March high downside of 0.9902 level. Simply put, one might anticipate buyers to attempt the psychological level of 0.95, which might affirm the overall bias once breached. Key LevelsResistance Levels: 1.0027, […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: RangingThe pair is currently in a sideways trend between levels106.00 and 108.00. The Yen is consolidating in the middle of the price range. There is no indication of its upward or downward movement of price. The price tends to consolidate […]
The European Central Bank ( ECB) had its Thursday meeting. The central bank kept interest rates intact as planned and their purchase programs unaltered. The ECB could make improvements to the tiering multiplier after the summer break, according to the Research Department at BBVA. “In the past few weeks, there have been some assumptions about […]
