Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD pair is in a downtrend but may resume uptrend. The bears have pushed the altcoin to the low of level 1.3216. This is the previous low of December 7. The market will resume upward if the current support holds. […]
NZDUSD Analysis – Bearish Bar Aims to Break Over the 0.67000 Price Level of Influence NZDUSD bearish bar aims to break over the 0.67000 price level of significance. The bearish order of the market has been a major contributor to market formation. The more their tributes emerge from the market, the more influence they tend […]
EUR/JPY Significant LevelsResistance Levels: 0.7400, 0.7600, and 0.7800Support Levels: 0.7100, 0.6900 and 0.6700 EUR/JPY Price Long-term Trend: BearishEUR/JPY is in a downtrend as it attempts to break previous highs.The Yen is approaching the oversold region of the market. Since November 29, the currency price has been consolidating above level 127.40. The pair has rebounded above […]
The EUR/USD traded on a mildly bullish momentum at 1.1251 in the early European session on Monday, following the debilitating crash recorded on Friday. The forex pair built upon the broad US dollar (DXY) weakness amid lingering fears over the Omicron variant, Fed’s lending rate-hike, and undecidedness over the US President Joe Biden’s “Build Back […]
According to Reuters, the British pound (GBP)—which fell on Friday—was on track to post its highest weekly gain since October after the Bank of England (BoE) became the first G7 economy to increase its lending rates. The GBP/USD fell by 0.64% on Friday, although not far away from the $1.3376 three-week high hit following the […]
AUD/USD Significant LevelsResistance Levels: 0.7400, 0.7600, and 0.7800Support Levels: 0.7100, 0.6900 and 0.6700 AUD/USD Price Long-term Trend: BearishAUD/USD is in a downtrend and it may reverse course at 0.6846 . The downtrend was created after the formation of a bearish double top. The pair was rejected at level 0.7900 overhead resistance. The currency price broke […]
USD/CAD traded on an upbeat sentiment on Friday, paring back some losses recorded yesterday ahead of the US session. The reason behind yesterday’s momentum can be traced to the pause in the price of the WTI crude oil, Canada’s main export, and the downbeat US Treasury yields. The WTI currently trades around the $71.00 mark […]
GBPJPY Price Analysis – December 17 GBPJPY buyers take the first steps in defying the current bearish regime by breaking out of its descending channel formation. The $149.000 price level is very instrumental in helping the buyers overturn the market. The price eventually tapered through an ascending triangle pattern, which lasted for more than 15 […]
GBP/JPY maintained an upbeat bias through the early European session on Thursday and currently trades at 151.61. The “guppy” broke above its monthly high a few hours ago, reaching a peak of 151.82. A mixture of factors catalyzed the recent bounce from the 149.75 low for GBP/JPY and continued to bolster the price on Thursday. […]
