USDCAD Price Analysis – January 26 USDCAD bears seek redemption following buyers’ impetus movement from the significant level of 1.24810 level. The price tendency of the market is generally defined by the bulls’ and bears’ pestering of several significant levels of influence. The battle for influence has been quite visible in the market price action. […]
S&P 500 Price Analysis – January 26, 2022 S&P 500 crashes out of its rising channel after it fails to hold above the 4580 significant level. Unlike previous times through the rising channel, the market experienced a very turbulent period between late November 2021 and mid-January 2022. During this period, the confidence of the buyer […]
Sterling fell to a new three-week low against the US dollar yesterday as investors maintained a risk-averse appetite amid the growing tensions in Ukraine and anticipation of a US Federal Reserve rate hike. The British pound, considered to be a risked currency, suffered most of its weakness from the global standoff over a possible invasion […]
Risk-averse Japanese yen and US dollar climbed higher on Tuesday as other risk-sensitive currencies as the New Zealand dollar fell alongside the euro, amid growing concerns over a potential Russian invasion of Ukraine and a hastened policy tightening by the Federal Reserve. The Australian dollar climbed briefly following a strong consumer price data release, which […]
EURCHF Price Analysis – January 25, 2022 EURCHF reverts to 1.03270 as selling pressure negates bullish strength. After the price broke out of the long-drawn descending channel, it met resistance at 1.04520 and then undulated through another descending channel to 1.03270. From here, the bulls switched and powered the market through several key levels. However, […]
USDCHF Price Analysis – January 25 USDCHF drifts off its upward course as it fails to keep up the fervency that has kept it moving upwards. Signs that the currency pair was losing it came in late December 2021 as the price forced itself through a consolidation point between its uptrend line and the 0.91570 […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD is trading below the moving averages but hovers above level 1.3440. Meanwhile, on September 27, downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement suggests that the Pound will fall to level 1.618 Fibonacci extension […]
USDCHF Price Analysis – January 25 USDCHF drifts off its upward course as it fails to keep up the fervency that has kept it moving upwards. Signs that the currency pair was losing it came in late December 2021 as the price forced itself through a consolidation point between its uptrend line and the 0.91570 […]
NZDUSD Analysis – Price Seeks More Consolidation Around 0.66970 as Buyers Plan a Charge Up NZDUSD price seeks more consolidation around the 0.66970 significant level as buyers plan to charge the price level to 0.68790 significant levels. The price natural tendency for NZDUSD is to continue in its accumulation phase between the levels of 0.68790 […]
