XAGUSD Price Analysis – June 3 Silver price fell from the monthly $18.39 high level hit on Monday to $17.63 low level on Wednesday’s early American session. The price of silver has grown rapidly as the US dollar is declining, stocks are edging higher and investors are preparing for economic growth. We are therefore registering […]
Gold (XAU/USD) underwent a sharp retrace into the red zone in yesterday’s European session, hitting $1,704 in the early trading hours of today. At press time, the Gold spot is trading at $1,724, a 1% drop from yesterday’s high. This retrace was largely stimulated by the recent risk-on rally in global equity markets. The growing […]
Key Resistance Levels: 1.42000, 1.44000, 1.46000Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: RangingThe Loonie was earlier in a bear market. The downward move seems to have exhausted as the market reached level 1.35620. The price is testing the previous support of March. In the previous support, the market went up. However, today […]
Given the fact that prices have been declining a bit in recent times, the Bitcoin network is showing steady increases. Yesterday, Bitcoin reached the $10,000 mark successfully and while it’s reversed, the adjustment puts some confidence in the community. Coin Metrics’ has produced a new report on the recent trajectory of Bitcoin. Title – Guide, […]
Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is rising and in an ascending channel. It has broken the previous resistance and reached a high of level 18979. The index is gradually reaching the overbought region. This implies that the index may face […]
USDCHF Price Analysis – June 2 After touching new two-month lows, the USDCHF pair bounced back around 50 pips and leaped to new session highs in the last hour, around the region of 0.9620. The downside stayed shielded, for the moment at least, amid the prevailing risk-on mood, which constrained the safe-haven status of the […]
S&P 500 Price Analysis – June 2 Global stocks have progressed and a rally back beyond 3,000 levels on S&P 500 is registered. The S&P 500 is rebounding sharply after the crash seen in February-March while securing almost all of the lost territory. The index may rise further upwards as buyers remain firmly in charge. […]
Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishNZD /USD pair is in a bull market. A correction candle body tested the 0.236 Fibonacci retracement level. This indicates that if the uptrend resumes, the market will reach level 4.236 Fibonacci extension level. According to the Fibonacci tool, the […]
A strong reversal in today’s risk sentiment in the European session gave Gold futures a positive outlook as the markets appeared to be unaffected by the social unrest in the US and placed its focus instead on news that China will continue buying soybeans from the US. As noted by analysts, the only factor that […]
