Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BearishAustralia 200 is likely to continue the downward move. The uptrend was resisted at level 6200. The index fell to level 5758 and made an upward correction. A correction candle body is tested at 0.50 Fibonacci retracement level. This […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingThe EUR/GBP pair is in a sideways trend. The market has risen to level 0.90728 but has continued to fluctuate between level 90200 and 90800 since May. The price has fallen to level 90362 and it is expected to rise. […]
Key Resistance Zones: 74.000, 76.000, 78.000Key Support Zones: 66.000, 64.000, 62.000 AUD/JPY Long-term Trend: RangingAUD/JPY pair is presently in a sideways trend. It resumed a sideways move after falling to the low above level 72. A correction candle body tested the 0.382 Fibonacci retracement level. It indicates that the pair will rise and reached a […]
AUDUSD Price Analysis – June 25 Once again, new buyers emerged just beyond 0.6850 level, allowing a cautious bounce in AUDUSD into mid-European trading, even though upside momentum seems to be capped amid risk aversion. Key LevelsResistance Levels: 0.7205, 0.7064, 0.6938Support Levels: 0.6777, 0.6462, 0.5906AUDUSD Long term Trend: BullishTo the AUDUSD bulls, the level at […]
EURUSD Price Analysis – June 25 EURUSD contributes to the pullback of the prior day regarding the positive tone in the USD amid the risk aversion pick-up sentiment. EURUSD loses -0.38 percent to the level of 1.1210 as the pair remains vulnerable to more downside risks, with attention focused at 1.1200 level. Key levelsResistance Levels: […]
Gold (XAU/USD) traded on a positive note in the early European session and was last spotted trading a few points below the $1,765 resistance. Gold suffered a slight intraday dip to the $1,753 support level before it attracted some dip-buying which has helped it erase all the previous day’s losses. The yellow metal suffered this […]
CENTER declared the release of a multi-chain US dollar coin (USDC), supported by the Algorand blockchain. The declaration was made on Wednesday, June 24th, on the blog of Center. As per the statement, “Algorand will be the first blockchain built on this network, which is” Powered by USDC, “to implement Stablecoin. Tether (USDT) ranks first in […]
GBPJPY Price Analysis – June 24 The GBPJPY cross deteriorated sharply into American session through the mid-European session among lackluster gains and losses and was last observed trading in the neutral territory, around the region of 132.76. Investors also seemed hesitant to put any large investment amid a lack of clear economic releases on the […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 is in a downward move. A correction candle tested the 0.618 Fibonacci retracement level. This indicates that the market will fall to level 1.618 Fibonacci level. In other words, the market will fall to level 4427. Daily […]
