AUDUSD Price Analysis – July 7 Despite a lack of strong follow-through, the AUDUSD pair maintained its bid tone and held solidly above the 0.7500 psychological thresholds during the first half of the European session. Indications that the Fed may maintain its ultra-loose monetary stance for a prolonged period continued to operate as a barrier […]
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 pair has fallen to a lower high of level 1.0960. The market has fallen to a lower low by breaking the previous low. The current bearish move is expected to break the […]
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 fallen to level 1.3740 and pulled back. The selling pressure resumes has resumed after the Pound was repelled at 1.3900. Meanwhile, on June 21 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement […]
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 fell to level 82.40 after rejection from the level 85.00 overhead resistance. The market is resuming upward to retest the overhead resistance. Meanwhile, on June 25 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. […]
EURUSD Price Analysis – July 5 After recovering at the critical 1.1807 low level, the EURUSD re-entered the mid 1.1800 area, touching the downward moving average (MA 13) on a daily. The US dollar recovers amid a mixed market attitude, while EURUSD is maintaining the lower ground past 1.1850. In the face of a poor […]
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. The currency pair has been facing rejection from the 0.73 overhead resistances. For instance, on May 28, NZD/USD pair was rejected as the downtrend resumed. After the rejection, the market declines to level 0.6922 […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY pair is in an uptrend. The currency pair has fallen below the moving averages twice. The Pound was repelled twice at levels 156 and 155 before the resumption of a downward move. GBP/JPY pair is struggling to sustain above […]
EURJPY Price Analysis – July 2 The EURJPY sought to maintain on the prior day’s advances on Friday but remains flat. To allow for additional gains to the 133.00 neighborhood, the recovery needs to clear the mid 132.00 area. Euro stays stable due to positive economic statistics and the ECB’s hopeful outlook for the economy […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishUSD/JPY is in an upward move. Buyers have sustained recent rallies as the market reaches the overbought region. On June 23 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement. The retracement indicates that the Yen will rise to […]
