EURUSD Price Analysis – February 8 The EURUSD pair rebounded on Friday, marking an end to 4 days in a row declines. The rebound comes after the price reversed near the lower horizontal line at the 1.1952 level. During today’s European session the EURUSD extended its decline in a range trading beneath the 1.2050 level […]
The GBP/CHF traded on a sideways bias in the early European session on Monday, despite heavy demand for the Pound over the past few days. The British Pound is currently finding strong support from the recent Bank of England statement. On Thursday, the BoE’s Monetary Policy Committee (MPC) announced that it would leave its interest […]
XAGUSD Price Analysis – February 8 The white metal managed to recover some of the losses on Friday and has continued to rise during the European session on Monday. Silver (XAGUSD) is building on Friday’s rebound above $27.00 as the US dollar remains pressured while the $1.9T stimulus optimism favors the bulls. 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: BullishThe Kiwi is fluctuating between levels 0.7100 and 0.7300. The market is in consolidation within a confined range. The price is characterized by small body indecisive candlesticks. The Kiwi has been trading marginally as buyers and sellers are undecided about […]
NEO Price Analysis – February 08 A further increase in the bears’ pressure may penetrate the two dynamic support level downside and decrease to $22 price level, it may extend to $19 and $15 levels. Bullish movement may continue in case the price could not break down dynamic support level and the resistance above the […]
XRP/USD Market February 08 When the bulls increase their momentum, $0.49 level may be penetrated upside and $0.62 – $0.73 levels may be reached. In case the bears prevail over the bulls, $0.39 may be penetrated and $0.28 – $0.21 may be tested. Key Levels: Resistance levels: $0.49, $0.62, $0.73 Support levels: $0.39, $0.28, $0.21 […]
The dollar has been in an advantageous position as the strongest of the major currencies. But the disappointing non-farm payroll gave dollar bulls a reality check as the dollar ended mixed after a late sell-off. With a little light on the weekly data calendar, the focus will continue to be on stimulating the US economy, […]
GBPUSD Price Analysis – February 7 The GBPUSD pair has been holding onto its uptrend despite some range trading. The pairs bulls stay unrelenting to the 1.3800 high zones as the Bank of England downplays negative interest rates boosting the pound against the soaring US dollar. Key LevelsResistance Levels: 1.4345, 1.4000, 1.3800Support Levels: 1.3624, 1.3519, […]
GBPJPY Price Analysis – February 7 The GBPJPY pair kept recovering at the prior session, ending the week with modest gains in the 144.89 price zone. The pair stays overbought near the 145.00 level as the Uk vaccination campaign continues boosting economic recovery. Key LevelsResistance Levels: 156.08, 148.15, 145.00Support Levels: 143.95, 142.71, 140.31GBPJPY Long term […]
