Brexit

Key Resistance Levels: 0.9200, 0.9400, 0.9600 Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: Bearish The EUR/GBP pair is presently falling after retesting level 0.9000. The downtrend has been ongoing since June 29. The price has broken below the bullish trend line. This is an indication that the selling pressure may continue on the downside. […]

Lloyds Banking Group shares (LSE:LLOY) are currently moving sideways in a serious consolidation, and an expected breakout will favor bears when it does occur. From February to April 2020, price dropped massively, and it has been consolidating since then. Right now, price is closer to the lower Trendline and it may break it to the […]

Key Resistance Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: Bullish EUR/CHF pair is in an uptrend. A correction candle body tested the 0.382 Fibonacci retracement level. It indicates that the market will reach a low of 2.618 extension level. EUR/CHF’s first target will be at  level 1.618 Fibonacci extension level. […]

Gold remains range-bound around the $1,770 level for the better part of the European session and even now as we approach the close of the session. Meanwhile, strategists at TD Securities have opined that the yellow metal will likely surpass the $1,800 mark as inflation-hedge assets gain popularity. According to the strategists, gold is on […]

GBPJPY Price Analysis – June 21 In the last session, the GBPJPY cross lost some extra ground and slipped to new monthly lows while staying beneath the 132.00 level. The collapse was supported by the strongly offered tone encircling the British pound which accompanied the last session’s policy decision by the Bank of England (BoE). […]

Gold (XAU/USD) remains in a consolidation range around $1,724-30 as we head into the early hours of the European session. The yellow metal has recovered well from an intraday low on the back of fresh US-China tensions. Apart from the US-China disagreements, fears over a second wave of the Covid-19 outbreak are heavily influencing the […]

Standard Chartered shares (LSE:STAN) have broken the previous supply zones at 460.00, 450.00 and 440.00 to the upside, and those supply zones are now demand zones. The market ranged between March and May 2020, having trended downwards prior to that. Price then broke upwards, trending above the upper Trendline and closing above it. The RSI […]

Key Resistance Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: Bullish EUR/CHF pair is in an uptrend. The pair rebounded at the low of 1.05000 to resume an upward move. A correction candle body tested the 0.618 Fibonacci retracement level. This indicates that the pair will rise and reach  level 1.618 […]

EURUSD Price Analysis – June 4 EURUSD ‘s latest dip from a high of 1.1257 while vacating overbought positions to a level of around 1.1200 could pave way for the rally to recover. In recent days the awaited announcement of the ECB ‘s decision has risen and improved the euro – potentially putting the FX […]

The latest round of talks between Britain and the European Union over a future trading relationship kicks off tomorrow with both sides, in effect, urging the other to “get real”. Reports suggest both sides are deadlocked on key issues, although informed sources suggested there could be “wriggle room” allowing London and Brussels to reach a […]