USDCAD Price Analysis – January 19 USDCAD market plans to change its trend tendency to a bullish phase at the 1.24800 price level. The universal market trend of price action since early June has been bullish in tendency. We can also see the bears’ demonstration in the market as they allow prices to fall from […]
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 above the 21-day SMA and below the 50-day SMA but pauses above Level 1.3581. This indicates that the currency pair will be in a range-bound move. The Pound will resume a selling pressure if the currency price […]
EURCHF Annual Forecast – Price Stabilizes Above the 1.03160 Support Level The annual forecast for EURCHF is for the price to stabilize itself above the 1.03160 support level. The year 2021 was a year characterized by mostly bearish activity in the EURCHF market. This is chiefly due to the price working in accordance with its […]
USDCHF Annual Forecast – Price Is Set for a Bullish Breakout The annual forecast for USDCHF is a bullish breakout of its triangle formation. Since the market plunged from June to December 2020, buyers have been engineering the market upward, even against bearish forces. This sees price take a gradual rise, having consistent higher lows. […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BullishEUR/JPY pair is trading in the bullish trend zone but may reverse at level 131.07. In the last bullish move, the upward move was interrupted at level 131.00 resistance. This has caused the pair to fall to the low of […]
AUDJPY Annual Forecast – Price Is Set to Pick Up a Downtrend Format The annual forecast for AUDJPY shows that prices are set to pick a downtrend format as the seller’s involvement in the market starts to incite. The sellers are currently set to take control as the bulls in the market failed to establish […]
NZDUSD Annual Forecast – Price Still Equipped to Enter Bearish Trend The annual forecast for NZDUSD shows that the price is still well equipped to enter a bearish trend in the year 2022. Price movement has long been characterized by ups and downs patterns in the market structure. We saw bulls fastening up and the […]
EURUSD Annual Forecast – The Market Is Expected to Rebound to 1.1650 The annual forecast for EURUSD is towards the 1.1650 resistance zone. The year 2020 was bullish on the EURUSD market. The euro currency gained strength against the dollar. The contrary was the case in the year 2021. The previous year was bearish for […]
AUD/USD penetrates an in-day low around 0.7195, down 0.25% on a day, following the release of China’s major economics during early Monday. Adding to the mixed data, risk-off state and strong USD also sinks the market’s value. Factors Affecting the Market China’s last quarter GDP increased above 0.2% before and 1.1% estimates to 1.6% QoQ […]
