Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BullishThe index is in an uptrend. It has reached the resistance zone of level 13000. The previous trend was resisted at level 12868. The index dropped to level 11757 and resumed a fresh uptrend. The new uptrend is approaching […]
Key Resistance Levels: 1.08000, 1.09000, 1.10000Key Support Levels: 1.06000, 1.05000, 1.04000 EUR/CHF Price Long-term Trend: RangingThe pair is currently in a tight range in July. It was earlier in a downward move as the market fell to a low of 1.06175. EUR/CHF has resumed a fresh uptrend and it is currently trading at 1.06431. The […]
EURUSD Price Analysis – July 6 EURUSD is striving to smash through the recent convergence zone and aims to crack the 1.13 barrier more compellingly. The EURO progressed in early Monday’s trading, up 0.5 percent after European session opening, supported by fresh risk aversion and economic recovery optimism. Key levelsResistance Levels: 1.1495, 1.1422, 1.1350Support Levels: […]
Gold (XAU/USD) climbed higher in the early European session and was last spotted trading near the top of its daily range, around the $1,778 level. A fresh US dollar selling impulse aided the dollar-denominated commodity to retrace from an early dip to the $1,770 area in the Asian session. This coupled with the ever-concerning rise […]
XAGUSD Price Analysis – July 6 Silver (XAGUSD) indicates a strong, lower-price pattern that supports further upside. Since gaining some few pips higher today on low volume, the pair began the day at $18.04 level about 0.92 percent higher. Since regaining from the recent selling pressure at $17.76 level the upside traction continues for $18.37 […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe EUR/GBP pair was earlier in a downward move as the pair fell to level 0.89940. Presently, the market is facing resistance at level 0.92000. The previous uptrend was resisted as the pair resumes a fresh uptrend. The price is […]
Vitalik Buterin, the co-founder of Ethereum, attacked the fast-growing decentralized finance (DeFi) market as a short-term upset. Through a series of tweets, the Russian-Canadian programmer went on Twitter to share his view on DeFi. Referring to the “Productivity” DeFi slogan, Buterin shared his disapproval. In a separate tweet, he added: “A lot of the flashy […]
GBPUSD Price Analysis – July 5 The GBPUSD pair held steady in the prior session beneath the 1.2500 thresholds but ended the week with solid increases. At the end of the week, optimism mingled with concerns as Britons welcomed Saturday’s reopening of social events. Key LevelsResistance Levels: 1.3514, 1.2812, 1.2560Support Levels: 1.2300, 1.2075, 1.1409 GBPUSD […]
Recently, I’ve been asked over and over again what my thoughts on gold are: is it going to rise, or is it going to crash? If so, how high, or how low? Every time, my answer remains the same; look at what the chart is projecting. Many traders today rarely visit the monthly chart. We […]
