USDCAD Price Analysis – September 1 USDCAD keeps accumulating price continuously at the 1.25790 key level. Following a reversal at the significant resistance level of 1.27420 in July, the price broke and accumulated around 1.25790 before moving on to the next significant zone. Following that, USDCAD reversed around 1.24340, starting an ascending trend pattern. Price, […]
EURCHF Price Analysis – August 31 EURCHF is approaching a critical zone and it is expected to reverse its direction. The market appears to be ranging between the 1.08410 resistance key level and the 1.07150 support key level. The bulls and bears continue to battle for dominance as price approaches this level, producing a double […]
USDCHF Price Analysis – August 30 In early European trading hours on Tuesday, the US dollar fell against the Swiss franc. The pair retraced back beneath the 0.9150 regions and recorded a low of 0.9130 at the time of this post. The US Dollar Index (DXY) rises in perfect sync with the benchmark 10-year rates, […]
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 has been in a sideways move since July. Today, the Pound is rising upward after falling to level 1.3620. In July, the market retested the low of 1.3620 and resumed upward to level 1.4000. Today, buyers are pushing the […]
AUDJPY Market Analysis – August 30 AUDJPY will bounce off some key levels in a bid to keep moving downwards. For some time now, price has been on a descent. Price has been sliding downwards and bypassing the key levels. After a retest activity at the 81.600 key level, AUDJPY continued moving downward. AUDJPY dived […]
EURUSD Price Analysis – August 30 The EURUSD pair reached a high of 1.1809 and is now holding gains around the 1.1800 mark. Although following the release of the latest Eurozone sentiment figures, the euro remained positive posting modest intraday gains. Key LevelsResistance Levels: 1.1975, 1.1908, 1.1850Support Levels: 1.1750, 1.1704, 1.1663EURUSD Long term Trend: BearishAny […]
GBP/USD rallied after reaching 1.3733 today’s low. In the short term, it’s still bullish despite the temporary decline. The Dollar Index is bearish, so it could drop anytime again. Technically, we can still search for long opportunities in GBP/USD. The USD has taken a hit from the US Pending Home Sales indicator which has registered […]
NZDUSD Price Analysis – August 29 NZDUSD bears are making a significant pullback as the market is rallying upward. Before breaking out, the price initially broke through the 0.70200 resistance key level. However, the market entered a bearish trend after breaking through the major key levels of 0.69500 and 0.69000. Following that, the price reversed […]
GBPJPY Price Analysis – August 27 GBPJPY is set to keep its downtrend movement following a sharp pullback. However, this is because the market’s sellers are exerting additional pressure on the market. As the price continues to fall in a downward trend, there are significant pullbacks as key levels are retested. This demonstrates that after […]
