EURCHF Price Analysis – December 25 EURCHF is being forced to consolidate above the 1.03930 significant level. The market is finally enjoying a period of respite from bearish forces after the price hit an impervious significant support level at 1.03930. While the sellers are still raging, the price has been forced to enter a consolidation […]
USDCAD Price Analysis – Price December 24 USDCAD turns downward in a bullish market as the price level obeys buyers’ influence. The market is evaluated to proceed in a buyer trend and sellers are seen twitching with price movement downward. The bulls give a significant approach as they tend to approach a new level. Bulls […]
The USD/CAD maintained a mildly bullish tone in the US session on Christmas Eve and was last spotted trading at the 1.2815 area. The Loonie attracted buyers below the 1.2800 area earlier today, but that momentum hit a brick wall near the 1.2835 resistance. This action comes after the forex pair touched its highest point […]
USD/CHF Significant LevelsResistance Levels: 0.9300, 0.9400, and 0.9500Support Levels: 0.9200, 0.9100 and 0.9000 USD/CHF Price Long-term Trend: RangingUSD/CHF is in a sideways trend but may resume uptrend. The currency pair has been fluctuating below level 0.9300 since July. The currency price has retested the resistance zone on December 21 and 22 but was repelled. The […]
As reported earlier, investor risk appetite took a bump since Monday after the markets got rattled by restriction measures by governments globally to curb the spread of the Omicron variant, and US Senator Joe Manchin dumped President Biden’s Build Back Better fiscal spending package. Commenting on the risk-on sentiment, analysts at Brown Brothers Harriman noted […]
The USD/JPY resumed on an upbeat momentum in the London session on Wednesday, recording a fresh monthly high at 114.33. That said, the forex pair’s bullish momentum for the second consecutive day comes as a result of several factors working together. Firstly, the general risk tone in the market along with the Bank of Japan’s […]
EUR/USD Significant LevelsResistance Levels: 1.1800, 1.2000, and 1.2200Support Levels: 1.1300, 1.1200 and 1.1100 EUR/USD Price Long-term Trend: BearishEUR/USD is in a downtrend but it faces rejection at 1.1350. On December 13, the market declined to level 1.1221 as bulls bought the dips. The currency pair is resuming upward after the last bearish impulse. Similarly, on […]
AUDJPY Analysis – December 21 AUDJPY suffers rejection due to bearish consequences at the 82.00 price level of influence. As a result of the bearish price influence, AUDJPY precipitously encountered a quick price denial. The bears are structured to attain price movement in a downtrend orientation. When the momentum in price persists, the sellers in […]
The US dollar maintained a bearish bias in the London session on Tuesday amid the growing market appetite for risk assets and currencies. The DXY extended its losses overnight following a bump on Democratic spending plans in Washington. However, a more bearish reaction got prevented amid the spike in Omicron cases across the globe, which […]
