EURUSD Price Analysis – November 18 The bulls had full control today, moving the market up during the entire European session as the FX pair confirmed its breakout past the high of the prior session after trading up to 1.1068 above during the day. Key Levels Resistance Levels: 1.1501, 1.1412, 1.1278 Support Levels: 1.0989, 1.0879, […]
GBPUSD Price Analysis – November 17 Cable advanced past the level at 1.29 handle on the lower dollar after economic release for the U.S and the recent Brexit Party news gave a boost to the pair while holding firmly over the moving average 5 and 13. Key Levels Resistance Levels: 1.3301, 1.3185, 1.3012 Support levels: […]
The trade war which had lingered for over 16 months between the US and China had spurred up a little glimpse of positivity in the past weeks when reports filtered in that both countries were about removing the tariffs slapped on their respective goods. In this light, it seemed as if investors had gotten at […]
A top finance analyst has observed that in the Fed’s broad index chart, the Chinese Yuan has consistently maintained its growth in the last decade to emerge amongst the top five with the largest trade weight. It had even outrun the Canadian currency to clinch the 2nd most traded currency in the United States after […]
EURJPY Price Analysis – November 15 The common European currency versus Japanese yen had depreciated about 57 basis points and exited Thursday on the level at 119.47. Looking at a hypothetical perspective, the exchange rate of EURJPY may make an upside reversal inside this session. Buyers may focus on the moving average 13 on the […]
AUDUSD Price Analysis – November 14 Early in the European session, the Australian dollar plunged versus the dollar, deeper past the horizontal line on the level at 0.6810 critical area and has recorded a fresh low in one month. The recent release of the employment figures showed that it had slipped lower and it is […]
In the news this week, Japan released its 3rd quarter GDP figures while Australia also released its October employment figures. Earlier today, China released its industrial production figures for October. Powell’s much-anticipated testimony to Congress on the U.S. economy also had an impact on the market. By analyzing the inflation figures published in Australia in […]
GBPJPY Price Analysis – November 13 GBPJPY is trending within the prior day’s range after its unable to build on its gains recent gains as the sellers tried to take advantage and may end the day below its opening price but in a lackluster momentum. Key Levels Resistance Levels: 148.66, 146.57, 141.50 Support Levels: 135.49, […]
The trade war between two macro economies, U.S and China which had lasted for 16 months in which both countries slapped tariffs on their respective goods seemed to make a headway last few weeks when reports came through that the two countries were nearing a preliminary phase of the trade deal and the tariffs on […]
