Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 is in an uptrend. A correction candle tested the 0.618 Fibonacci retracement level. This indicates that the market will rise to level 1.618 Fibonacci extension level. After reaching the first target the market is currently retracing. Thereafter, […]
GBPJPY Price Analysis – June 10 GBPJPY declines to level 136.65 within Wednesday’s European session. While doing so, the pair aims to break roughly 60 pips of the trading range established since the previous day’s mid-US session amid slightly risk-averse markets. Similarly, the Japanese foreign minister’s remarks, indicating no border opening with China just yet, […]
Key Resistance Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: BullishEUR/CHF pair is in an uptrend. The market has retraced to level 1.618 Fibonacci retracement level. The pair was earlier in an overbought region. Sellers have emerged to push prices down. The pair is likely to rise. Daily Chart […]
XAGUSD Price Analysis – June 10 SILVER finished at $17.53 on Tuesday and lost $22.0 (-1.22 percent). That being said, in today’s session, Silver (XAG) is growing as anticipated while buyers are about to challenge upside barriers at the $17.90/$18.00 level. As the market is steaming up and trading high back to the days before. […]
Key Resistance Levels: 1.42000, 1.44000, 1.46000Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: BearishThe USD/CAD pair is on a downtrend. A correction candle is testing the 0.382 Fibonacci retracement level. This indicates that the Loonie will fall and reach a target price of 2.619 Fibonacci retracement level. The target price has been achieved […]
Gold (XAU/USD) has climbed higher for the third consecutive day and was last recorded trading below the $1,722 resistance. The USD has suffered further losses, especially during the Asian session on Wednesday, and has reached a new 3-months low. This is one of the major factors supporting the rise in the price of gold. This […]
The protocol of Ethereum has scaled Bitcoin’s on the blockchain for daily transaction fees. On June 7, for the fourth time in network history, the total sum of protocol fees on the Ethereum protocol reached nearly $500,000. Through comparative analysis, Bitcoin just managed to pull in transaction fees at around $308,000 on the very same […]
USDCHF Price Analysis – June 9 Since the recent North American session, the USDCHF pair plunged to new 10-week depths, amid bears already aiming to somehow extend the weakness beneath the main 0.9500 psychological marks. The safe-haven Swiss franc profited from a marginal weakening in the global risk sentiment – as seen by a weaker […]
S&P 500 Price Analysis – June 9 Alongside an unbeaten run of 7 days, S&P 500 launched marginally lower on Tuesday as the risk rally does seem to have lost its flows, with the S&P 500 losing 1 percent on the day with a pullback towards 3200 levels. Key LevelsResistance Levels: 3400, 3300, 3250Support levels: […]
