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 pair is facing resistance at level 156.00. The market declines to level 152 after the rejection. This has caused the price to fall below the moving averages. The currency price has to break […]
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 is in a downward move. Previously, the Pound was fluctuating in a tight range between levels 1.4100 and 1.4200. The bears broke the lower price range as the pair fell to level 1.3810. The bulls bought the dips […]
EURUSD Price Analysis – June 21 On Monday, the single currency sheds some of its recent losses, bringing EURUSD back to within striking distance of the 1.1900 barriers. The oversold conditions triggered a bounce at the sub 1.1900 level given the significant Fed-induced selloff that has been in place since late last Wednesday, EURUSD starts […]
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 bearish trend. The Kiwi has been range-bound below level 0.7300 since April. On May 27, the pair was repelled at level 0.7311 as Kiwi fell to the low of level 0.7125. The pair made an upward […]
XAGUSD Price Analysis – June 20 Silver (XAGUSD) remained under moderate downward pressure after completing the previous week in the negative region. Leading to a gradual recovery in US rates, the bulls tread cautiously. Silver’s recovery progress may emerge if the US dollar’s retreat returns. Key LevelsResistance Levels: $28.75, $27.50, $26.72Support Levels: $25.50, $24.50, $23.50, […]
EUR/USD seems too oversold to resume its drop, so we may have a temporary rebound. The DXY seems overbought after reaching the 61.8% retracement level. Technically, the pair has developed a potentially bullish signal, but we still need confirmation. Technically, a rebound is natural after the last massive drop. The Euro-zone Current Account and the […]
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. Since April 26, the Yen price has been making a series of higher highs and higher lows. Today, the Yen is retracing after reaching a higher high of level 111.00. Incidentally, the bulls have […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.1900, 1.1800, 1.1700 USD/CAD Price Long-term Trend: BullishUSD/CAD has resumed upward move. The currency pair has broken above the moving averages. The market will continue to rise as long as the price bars are above the moving averages. In the previous price action, the market was fluctuating […]
AUDUSD Price Analysis – June 17 During Thursday’s mid-European session, the AUDUSD fell significantly. The pair tumbles toward the sub-0.7500 minor support zone, which was formed by the previous month’s lows. The early rally, on the other hand, was short-lived and fizzled out fast on continued US dollar buying interest. Key LevelsResistance Levels: 0.7980, 0.7775, […]
