Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is rising and in an uptrend. A correction candle body tested the Fibonacci 0.618 retracement level. This indicates that the index’s first target will be at the 1.618 extension level. The trend is likely to continue after […]
Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishThe Kiwi pair is in an uptrend as it breaks level 0.62000. A correction candle body tested the Fibonacci 0.618 retracement level. This indicates that the New Zealand dollar’s first target will be at the 1.618 extension level. Later, the […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY was in an uptrend as it reached the high of level 109.85. The market fell after reaching the upper price range. The Yen fell to level 108.142. The market would have reached bearish exhaustion. Daily Chart Indicators Reading:The […]
Gold (XAU/USD) is showing strong rebound strength from today’s low of $1,692 and is attempting to scale the $1,710 resistance hurdle while investors are scurrying for safety as the growing Australia and China tensions take center focus. At press time, Spot Gold is trading at $1,708, up 0.6% in the European trading session. Gold has […]
Saudi Arabia’s Central revealed that its using blockchain technology, to inject more liquidity into the country’s banks. The Saudi Arabian Monetary Authority (SAMA) announced that the injection was intended to continue its initiatives and research with blockchain technology, thus increasing its ability to offer credit lines continually. However the volume of liquidity was not released, the […]
Gold (XAU/USD) has inched higher at the close of the European session on Monday, recovering from a sharp drop after a surprising US employment data. At press time, Spot Gold is trading at $1,699 about 1.7% up from last week’s 3% drop. This drop was the sharpest one-day drop in 9 weeks and it came […]
EURUSD Price Analysis – June 8 At the early stages of the week regarding last Friday’s modest retracement, EURUSD is battling for trajectory in the 1.1300 regions. The FX pair triggered a reversal lower to the sub-1.1280 level after reaching fresh 3-month highs close to 1.1400 level on Friday where it appears to have reached […]
EURUSD trades within a rangebound unifying zone near 1.1300 level At the early stages of the week regarding last Friday’s modest retracement, EURUSD is battling for trajectory in the 1.1300 regions. The FX pair triggered a reversal lower to the sub-1.1280 level after reaching fresh 3-month highs close to 1.1400 level on Friday where it appears […]
Gold (XAU/USD) climbed higher in the early European session and is currently trading at the strong $1,700-$1,695 pivot level. The yellow metal has gotten some bullish support from the $1,670 region and is moving back to retest the 50-day moving average resistance. This uptick lacks any fundamental backing and is believed to be mainly as […]
