USDCAD Price Analysis – October 27 USDCAD finds bullish reinforcement at the 1.23000 support level after several days of market dumping. On the 1st of October, the price fell below its uptrend line and, simultaneously, the EMA period 20 (Exponential Moving Average). USDCAD has been in a downtrend since then and interventions at 1.25790 and […]
EURCHF Price Analysis – October 26 EURCHF is under pressure from sellers to keep falling. This has been the case since the market hit the 1.09320 supply level. There was an immediate rejection and EURCHF fell under. From there, the plunge continued till price fell to the 1.08360 price level. Buyers were expected to take […]
USDCHF Price Analysis – October 26 During Tuesday’s trading hours, the USDCHF consolidates gains. After achieving impressive gains of more than 40 pips in the US session, the pair retreats from the intraday highs around the 0.9226 level. The USDCHF currency pair is currently trading below 0.9200 as buyers look for confirmation beyond the key […]
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 in an upward move as price breaks above the moving averages. The uptrend is facing resistance at level 1.3850. The pound is making a fresh uptrend after retracing to level 1.3736. Meanwhile, on October 19 uptrend; a retraced […]
AUDJPY Analysis – Price Surges Upward After Tapering for Weeks AUDJPY surges upward out of its triangle formation. The price has been narrowing within the triangle for several weeks and was bound to break outward either upward or downward. The 80.260 key level helped to trap price upward and, thereafter, price surges upward. The market, […]
NZDUSD Price Analysis – October 24 NZDUSD cuts across its consolidation space to break into the upper consolidation zone. The market finally breaks above the 0.71560 critical supply line. This happens as the price surges directly from the demand level at 0.69510. It took just six days for NZDUSD to rise from the lower end […]
Silver (XAG) Price Analysis – October 24 Silver (XAG) has slid back from levels just underneath the $25.00 barrier, retreating under the $24.50 area on the strength of the US dollar’s strong reaction to Fed Powell’s comments during the prior session. The white metal was last seen trading roughly 0.71 percent higher, slightly around the […]
GBPJPY Price Analysis – October 22 GBPJPY holds for a pullback in a bullish market. The price trend has long been on a bullish ride, and buyers seem to hold more positions in the current trend. The buyers are, however, ready to move the price above the recent level. But before that, an immediate drawdown […]
EURJPY Price Analysis – October 22 EURJPY weakens shy of the 134.12 June high in the prior day, the needle-like gain appears to have run into some resistance near around 133.72 on Thursday, resulting in a minor corrective fall. The cross corrected lower on Friday following the existing bias for a modest corrective fall. Price […]
