USDCHF Price Analysis – November 30 During the early American session, the USDCHF pair fell to a two-week low, with sellers now looking for a sustained break below the 0.9200 round-figure line. The USD was weakened by falling US government yields, which added to the selling tendency as CHF benefits from the current risk-off. Key […]
EURCHF Price Analysis – November 30 Bears retain control as EURCHF plunges below the latest support setup at 1.04450. Having successfully navigated the last support setup at 1.05400, the market speedily dropped below the next critical level and touched down at 1.04450, where purchasers set up another barricade to control the market’s drop. As in […]
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 has been in a downward move since June. The Pound price has been making a series of lower highs and lower lows. On October 1 upward correction, buyers could not keep price above a lower high of level […]
EURUSD Price Analysis – November 29 During today’s session, the EURUSD is lagging behind its key rivals, with selling emerging around the intraday high at 1.1311. The pair is giving up some of the gains made on Friday’s robust bounce. As contagions spread, the Eurozone and the EUR are at risk of tighter limitations in […]
NZDUSD Price Analysis – November 29 NZDUSD executes its double top formation to sink the price back to 0.68000. Since the price ascended to the 0.71500 key level on October 20th, the market has been unable to withstand the bears’ pressure. The market can be seen accumulating at two key levels to try to stop […]
The Japanese yen and Swiss franc are stabilizing, followed by the Euro. Today’s market focus is on a new coronavirus type, which has sent global stocks and benchmark government yields substantially lower. As the general market mood calmed, the currency markets remained in a consolidative phase today. Major European indices are recouping some of last […]
XAGUSD Price Analysis – November 29 During the Monday session, Silver (XAGUSD) consolidates monthly losses around the $23.00 levels after a pullback from the intraday high at the $23.44 level. Throughout the first half of the day, the white metal remained bid and was last seen trading at $22.98, down roughly 0.70% on the day. […]
AUDJPY Price Analysis – November 29 AUDJPY fails to impress and drops abysmally to the mid-level of its trading range from May 2021. After failing again to beat the strong weekly key level at 85.830, the market dropped through the price zone at 84.630 that acted as support. The price zone turned into resistance for […]
GBPJPY Price Analysis – November 29 GBPJPY schemes price strength due to bulls’ uprising failure above the 154.200 resistance level. The investors who were also present in the market stopped buying, resulting in a price rejection of approximately 154.200. However, if the bulls had been tenacious enough, the price would have broken through this barrier […]
