DAX

GER 40 grinds demand area The Ger 40 (Dax) struggles as the sell-off from last week rumbles on. The index is still trying to hold onto 19000, as a drop below this critical chart level could shift sentiment to the pessimistic side and…
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XAUUSD gearing up for another high Gold pushes to remain bullish after pulling back from its all-time high. Some stiff selling at 2760 with an upper wick indicated a rejection of higher bids. The recent swift U-turn means that the bears…
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(XAUUSD) Gold traded to a new record Gold traded higher for a third day in a row as buyers pushed price action towards a fresh peak. The price is testing 2680 at the previous top with 2700 in sight. 2640 at the base of the latest bounce…
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XAGUSD bounces off resistance The silver price is stepping back from its recent peakas it bears an eye on a correction in the market. The price is hovering above the daily double bottom of 31.00, which is a critical floor for keeping the…
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GBP/JPY stuck sideways The pound bounced back after the recent bearish rally, which saw over 1000 pips wiped off the valuation of the pair. A decisive close above the immediate resistance of 190.00 prompted sellers to cover their bets…
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EURJPY bounces higher The euro remains choppy after the recent European elections caused a stir. On the chart, sentiment remains upbeat as the price grinds along the 20-day SMA. The single currency has consolidated gains after clearing…
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USDCHF tries to hold its ground The US dollar collapsed across the board after weaker-than-expected the NFP numbers. The latest moves have seen over 200 pips wiped off the pair as stiff selling pressure with new swing lows encourages…
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Yen Collapse
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XAGUSD tests major resistance The Silver struggles as the US dollar still carries the momentum. The price is drifting away from the previous firm resistance at 23.36, with a break past 23.00 showing that bears are still in the market.…
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USDJPY overbought but keeps pushing The Yen pair moves in favour of the greenback after weak economic data coming out of Japan. On the daily chart, prices have moved past the previous resistance of 147.00 as bulls strive to keep a…
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