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Euro Crisis
Annual Forecast for EURJPY (2022)
16 Jan 2022 @ 00:21
EURJPY Annual Forecast – Price Is Set to Scale New Heights With a Bullish Flag Formation The annual forecast for EURJPY is for it to scale new heights, having conformed to a bullish flag formation. The bullish flag formation, an offshoot of the triangle pattern, began towards the tail end of 2020 as bulls began […]
EURUSD Hovers Near Multi-Month Low, Under 1.1250 Level
24 Nov 2021 @ 16:16
EURUSD Price Analysis – November 24 Throughout the session, the EURUSD pair remained on the losing side and was last seen moving with considerable losses around the 1.1250-36 level. The announcement that the White House has opted to reappoint incumbent Fed Chair Jerome Powell for a second term sparked the recent strong dip. The spot is trading […]
Gold (XAUUSD) Consolidates Above $1,720, Further Selling Pressure Is Likely
17 Aug 2021 @ 12:36
Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Bearish Gold price is in a downward move. On August 9, the XAUUSD fell to $1,677 low and corrected upward. Today, the market has risen to a level $1,756 and a further upward correction. Meanwhile, on June 17 downtrend; a […]
Annual forecast for Lloyds Banking Group (2021)
29 Jul 2021 @ 12:20
Lloyds stock (LSE:LLOY) was bullish from April 2021 till June 2021; when the price began to come downwards. The trend is bearish in the meantime and further downward movement is envisaged. Since June 2021, the market has been coming down gradually, and it has now formed a bearish bias. Although the ADX period 14 is […]
EURJPY Hovers Past Mid 129.00 Level As EURO Limits Losses After ECB
27 Jul 2021 @ 22:54
EURJPY Price Analysis – July 27 The EURJPY cross stays on track to recover the prior day’s loss after a rebound from the mid 129.00 level during Friday’s European session. The selling pressure in the yen keeps the recovery in EURJPY well and sound at the FX market weekly close. The ECB meeting has helped investors maintain […]
EURUSD Indecisive Market Lacks Follow-Through Buying
06 Jun 2021 @ 18:41
EURUSD Price Analysis – June 6 The EURUSD is stuck between February’s high of 1.2243 and a long-term restricting horizontal barrier line, which if broken would open the way to the top of a larger uptrend that began in March 2020. The EURUSD indecisive market lacks follow-through buying beyond 1.2245 barriers. Overall, the safe-haven USD gains were […]
Gold (XAUUSD) Rebounds above $1,780 Support, Resumes Uptrending
20 May 2021 @ 20:02
Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Bullish Gold price has resumed upward move after breaking the resistance at $1,780. The market pullback to retest the $1,780 support and then resumed upward. This signals the resumption of an upward move. Meanwhile, on April 22 uptrend, a retraced candle body […]
USDCHF Buyers Smash Through Daily Resistance of 0.9150 on Wide Range Strengthening of US Dollar
06 May 2021 @ 22:16
USDCHF Price Analysis – May 5 During the European session, the USDCHF brings the buyers’ interest to the test, with the possibility of a recovery from the downside pressure to crack the sellers’ grasp. As technicals reveal a dominant selling side, buyers smashed through the barrier at 0.9150. The dollar is being boosted by expectations […]
Annual forecast for FTSE 250 (2021)
14 Apr 2021 @ 11:59
FTSE 250 market (FTSE:MCX) is really pulling its weight; in that it has been going upwards in the last several month, and the market bias remains bullish. From November 2020 until now, price has been making a series of high highs and higher lows. The market has currently broken outside the upper Trendline, going further […]
GBP/USD Continues Downtrend After Rejection at Level 1.3900
14 Apr 2021 @ 00:20
GBP/USD Continues Downtrend After Rejection at Level 1.3900 Key Resistance Levels: 1.4200, 1.4400, 1.4600 Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: Bearish GBP/USD has been in a downward move after its rejection from level 1.4200. After the initial fall, the Pound is making a series of lower highs and lower lows. On March 5, […]
