The US dollar index (DXY) maintained a sideways bias in the early trading session on Tuesday as traders remained on the sidelines ahead of incumbent Fed Chair Jerome Powell’s nomination hearing later today, for clues on possible price breakouts. In his released opening remarks published yesterday, Powell would pledge to curtail excessive inflation from “becoming […]
EURCHF Price Analysis – December 11 EURCHF finally begins a bullish correction phase from the 1.03270 key level. There has been a long-drawn bearish regime in which buyers were completely sidelined, having negligible influence in the market. However, from early December 2021, EURCHF began responding to the buyers, and this was demonstrated by the breakout […]
USDCHF Price Analysis – December 11 USDCHF rebounds from a strong monthly demand level to recover back to its uptrend movement. The market has been strongly affected by bearish influence since late November last year. There was first a strong dip from 0.93770 that plunged the price to 0.91570. The USDCHF recovers from the demand […]
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 now in an upward move but targets level 1.3800. Before the uptrend, the Pound was in a downtrend. On November 11 downtrend; a retraced candle body tested the `78.6% Fibonacci retracement level. The retracement suggests the Pound will […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BearishEUR/JPY pair is in a downward move but may revisit resistance at 131.50. The uptrend of January 5 has been terminated at the high of level 131.50. Today, the currency price has broken below the 50-day SMA and it is […]
The British pound (GBP) touched its highest point against the euro (EUR) since February 2020 amid expectations of an interest rate hike and easing worries over the impact of the Omicron COVID-19 variant on the economy. Analysts opine that Sterling has recorded significant gains since mid-December, thanks to the refusal of the UK government to […]
NZDUSD Price Analysis – January 9 NZDUSD bearish threat is close to an edge around the 0.67030 price level following a downpour. The market had longed to be moved by the bears’ solid inspiration. This implies that the price action has been strongly inspired by the seller’s prospect. The bear’s menace is now seen to […]
AUDJPY Price Analysis – January 10 AUDJPY prepares for a bullish flight back to the 85.900 level of significance. The bullish getaway will, however, come into play when they give more pressure on the positions in the price influence. When they give more engagement, the price will pull through to follow the bullish light. The […]
EURUSD Price Analysis – January 10 EURUSD is consolidating between key levels at 1.1380 and 1.1230. The market has been faced with overall weaknesses. At the end of August and into early September, the market was overbought. This stochastic reveals that the market was ready to go short. The 9 moving average crossed above the […]
