Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD is in a downward move. On June 18, the pair fell to the low of level 0.6922 and resumed a sideways move. The currency pair has been fluctuating between 0.6890 and $0.7050 for the past month. The Kiwi is […]
EURJPY Price Analysis – July 23 The EURJPY cross stays on track to recover the prior day’s loss after a rebound from the mid 129.00 level during Friday’s European session. The selling pressure in the yen keeps the recovery in EURJPY well and sound at the FX market weekly close. The ECB meeting has helped […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishUSD/JPY has continued its downward move. The Yen price is making a series of lower highs and lower lows. The downtrend is likely to extend to level 107.36. Meanwhile, on July 8 downtrend; a retraced candle body tested the 50% […]
As crude oil prices rose in the past year, the USDCAD rate has declined. Canada is an oil export-oriented country and the price of oil affects the price of the Canadian dollar. Hence, USDCAD trades in inverse proportion to oil. In June, the pair split from oil as the two assets started moving in the […]
AUDUSD Price Analysis – July 22 During the early European session, the AUDUSD pair soared to fresh weekly highs, hovering around the 0.7387 level. The pair recovered positive traction for the second consecutive session, and it is now attempting to build on the previous day’s impressive recovery from sub-0.7300 levels. The risk-on sentiment weakens the […]
EUR/USD moves somehow sideways in the short term. It’s located at 1.1796 level higher versus 1.1779 today’s low. The price action signaled that the pair could resume its rebound. It remains to see how the pair reacts around the ECB monetary policy meeting. Definitely, the Monetary Policy Statement and the ECB Press Conference could bring […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishEUR/CHF pair is in a downward move. The currency pair has reached bearish exhaustion as price fell above level 1.0812 and resumed consolidation above the current support. On July 13, the bearish trend was terminated as the market resumed consolidation. […]
USDCHF Price Analysis – July 20 On Tuesday the USDCHF remains bid above the mid 0.9100 up 0.23 percent at 0.9195 intraday high. In the short term, the momentum indicators paint a positive picture for the pair. When measured by the US Dollar Index (DXY), the greenback continues to recover strengthening the overall structure of […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishAUD/JPY currency pair is in a downward move as price reaches the low of level 80.17. The bearish momentum is likely to continue on the downside as the pair faces rejection after a retracement. Meanwhile, on June 21 downtrend; a […]
