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 presently falling after retesting level 0.9000. The downtrend has been ongoing since June 29. The price has broken below the bullish trend line. This is an indication that the selling pressure may continue on the downside. […]
Gold (XAU/USD) traded with a mild bullish undertone in the early European session on Thursday and was last spotted trading above the $1,810 support. The yellow metal has now stayed on a bullish streak for the fourth consecutive session. The US dollar remained under strong bearish pressure well into the early trading hour of Thursday […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair is still in an upward move. A correction candle body tested the 0.382 Fibonacci retracement level. It indicates that the pair will rise and reach a high of level 2.618. The AUD/JPY will first rise to its […]
MasterCard Europe president Mark Barnett has recently voiced doubts that blockchain technology will bring much change to the global payment industry. Barnett said in an interview with the Russian daily newspaper Vedomosti: “I think it’s more likely to be used in digital identification, for example, to identify an individual or to trade in valuables.” He […]
GBPJPY Price Analysis – July 8 Given the current pullback, GBPJPY has succeeded in posting new advances above 135.00 levels amid bullish market bias while buyers retain the upside tone. The surge from the low level of 131.75 level has sustained a positive trend rising above the moving average of 5 and 13 thus trading […]
XAGUSD Price Analysis – July 8 Silverspot cracked psychological $18.50 barrier on Wednesday, after taking out high at $18.37 level. The shining metal is trading at $18.72 level as of the time of this post. Demand for safe-haven metals remains strong and is expected to persist as the situation regarding global economic recovery after lockdown […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 was earlier in an uptrend. The index rose to level 5123.80 and was resisted. France 40 is presently on a downward move. The downward move may reach the low of level 5200 if the selling pressure persists. […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishThe pair is currently falling but the selling pressure has been exhausted. A green correction candle body tested the 0.786 retracement level. It indicates that the pair is going to fall and reach the low of level 1.272 extension level. […]
Gold remained in a consolidation range in the early Asian session on Wednesday but has now picked up bullish steam recording new multi-year highs. The precious metal has risen for the fourth consecutive session now largely due to expectations of additional stimulus packages from the Federal Reserve to cushion the economic impact from the resurgence […]
