Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishEUR/CHF is in a strong uptrend. The bulls have finally broken the resistance at level 1.0850 which has been holding since November 2020. The price has risen above level 1.0900. Meanwhile, on February 8 uptrend; a retraced candle body tested […]
EURUSD Price Analysis – February 22 EURUSD has reversed from session highs and now trading near 1.2100, having reached a high of 1.2135 level at the day’s beginning. The dollar recovers as US yields extend gains, equities drop. A continued rise in yields could trigger a market correction while boosting the USD. Key LevelsResistance Levels: […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishSince January 6, the Kiwi has been fluctuating between levels 0.7100 and 0.7300. The pair have been trying to move up but faces resistance at the recent high. The market is likely to move up after some retracement. Daily Chart […]
EURJPY Price Analysis – February 19 The single European currency surged by 30 pips or 0.08% against the Japanese Yen on Friday. The EURJPY upside run returns to extend the rally further with gains and could test the fresh YTD peaks near the 128.50 level. If the buying impetus picks up extra steam the pair […]
Key Resistance Levels: $1,900, $1,950, $2,000Key Support Levels: $1.700, $1,650,$1,600 Gold (XAUUSD) Long-term Trend: Bearish Gold (XAUUSD) is presently in a downward movement. It fell to level 1785.526 and corrected upward. The upward correction was terminated at level 1855.455. The market has resumed its downward move. On February 4 downtrend; a retraced candle body tested […]
AUDUSD Price Analysis – February 18 The AUDUSD pair is gaining upside traction against the US dollar from the prior days plunge to 0.7724 level. The Aussie opened higher at 0.7749 during Thursday’s European session but stays vulnerable under the 0.7800 level. Australia’s jobless rate dipped to 6.4% in January, versus expectations for a drop […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600 Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: Bearish The Loonie is on a downward move. The downtrend was a result of the rejection at 1.2850 High. The pair fell to level 1.263 and corrected upward. The upward correction also faced another rejection at 1.2750. Nonetheless, the […]
XAGUSD Price Analysis – February 16 Silver (XAGUSD) price continues to range within the $27.00 to $28.00 region as buyers support the prospect for a move beyond the $28.00 and on the other hand, sellers need to refresh monthly low for entries. Silver is currently trading at $27.05 per ounce, representing a 0.50% loss on […]
EURUSD Price Analysis – February 16 The EURUSD pair continues to trade in multi-day highs and targets the 1.2200 marks during the mid-week. The single currency rises higher and propels the EURUSD in an attempt to run past prior highs. The recently released Eurozone data was upgraded to 0.6% in Q4 while the German ZEW […]
