EURJPY Price Analysis – February 12 The EURJPY pair increases after crossing beyond the 127.00 level during Friday’s European session. It adds to the recent upside move after reclaiming the round figure. Following the price action caused by persistent weakness surrounding the Yen, EURJPY appears to sustain buying interest. Key LevelsResistance Levels: 130.18, 128.67, 127.50Support […]
USDCHF Price Analysis – February 12 After easing to 0.8892 lows at the prior session, the USDCHF pair rebounds around the 0.8900 zones during Friday’s European session with market action turning upwards. Meanwhile, the upbeat market mood helps USDCHF limit its downside despite the USD’s weakness. Key LevelsResistance Levels: 0.9093, 0.9045, 0.8998Support Levels: 0.8900, 0.8858, […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe EUR/GBP has continued its downward move. The price is making lower highs and lower lows. The pair has fallen to the low of level 0.8746 and resumed above it. The downtrend will continue once the current support is broken. […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishAUD/JPY has been trading below level 81.00 resistances, Since January 8. Today, the price has broken level 81.00 resistance. That means the market will move up. However, the upward move is doubtful because the RSI is approaching the overbought region. […]
AUDUSD Price Analysis – February 11 After it rebound from the prior week low at 0.7563 level, the AUDUSD pair has benefited from a sustained move past the MA 5 and 13 at the 0.7700 regions. The pair’s upside run continues to hold steady past the mid 0.7700 level as the underlying bias of a […]
The EUR/AUD pair traded with a slightly bearish tone in the early European session on Thursday, as investors take trading clues from the broader market risk mood. Earlier today, the DAX futures contract in Germany traded up by +0.1%, CAC 40 futures in France was up by +0.1%, and the FTSE futures contracts in the […]
EURUSD Price Analysis – February 11 The EURUSD pair upside sentiment has held continuously for 4 days in a row after the pair bounced from the 1.1952 recent low. The major European currency pair rises higher as weak US inflation and labor market’s challenges weigh on the dollar. Key LevelsResistance Levels: 1.2350, 1.2272, 1.2150Support Levels: […]
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 pair faces rejection at the 1.0850 high. The pair is in a downward move as price breaks below the SMAs. This is an indication that the selling pressure will persist. The price has fallen to level 1.0783. Daily Chart […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie was earlier in an upward move but faces rejection at level 1.2800. The pair has resumed selling pressure. On December 14, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair will […]
