GBPUSD Price Analysis – May 24 From the last trading session, the GBPUSD pair has dropped in a row for the 3rd day, ending at around 1.2161 level. The BOE also weighed the UK currency speaking about negative rates, and Brexit-related uncertainties, as the Kingdom refuses to prolong the transitional phase past December this year, […]
GBPJPY Price Analysis – May 24 The sterling stays selling against the Japanese yen on a bid tone, poised for a three-day negative note, unable to bounce from the ascending trendline, now at 130.86 level. And the pair kept the downside bias steady, with the pound softer against the safe haven-yen as the bleak UK […]
JPMorgan Chase & Co cautions the US that the possible disruption of digital currency may affect the economy. On Friday 22 May, analysts from the massive international investment firm, JPMorgan Chase, informed Bloomberg News that “there is no country with more to lose than the United States from the disruptive capacity of digital currency.” The […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 is trading above 20500 but below level 21000. Since April 29, the market has been trading below 21000 resistance but above level 20500. The market seems to be consolidating above level 20500. The bulls have failed to […]
EURJPY Price Analysis – May 22 The common European currency has dropped significantly since yesterday’s trading session by 116 pips or 0.98 percent against the Japanese Yen. At the back of renewed demand for the safe-haven JPY, the upside momentum in EURJPY lost traction in the 118.52 Zone. Other things considered, the exchange rate for […]
Key Resistance Levels: 2900, 3000, 3100Key Support Levels: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Price Long-term Trend: BullishThe SHCOMP is currently in a horizontal channel. The index has been trading below level 2900 because the bulls failed to break the resistance at level 2900. The price has been repelled as the market reaches […]
Gold (XAU/USD) is currently recovering from yesterday’s 1.46% dip, right after a ‘consolidating stint’ in Asia. This fresh recovery is largely stimulated by the reaction of European traders’ towards the escalation in the US-China tensions, with Beijing taking ‘forceful measures’ in Hong Kong per the National Security Bill. The increasing concerns caused a fresh wave […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe pair is currently in a sideways move between the levels of 110 and 108. The Yen has already fallen to level 106 in a bear market and has resumed an upward move. The pair is currently facing resistance at […]
EURUSD Price Analysis – May 21 During Thursday’s American session, the EURUSD pair tested the 1.10 threshold upside down and was seen 0.20 percent lower on the day. The FX pair extends the recovery and flirts past the level of 1.1000 towards the main barrier potential test in the region of 1.1055 and later lost […]
