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 since March. In April, the currency pair broke below the moving averages as the selling pressure resumes. On March 16, a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates […]
USDCHF Price Analysis – June 15 In lackluster trading during Tuesday’s European session, the USDCHF eases to 0.8965 low, down 0.10 percent intraday. The US Dollar Index (DXY), which measures the greenback, adds to the minor losses witnessed, as USDCHF slides back to the mid-0.8900 range on Tuesday, reflecting the sluggish market action. Key LevelsResistance […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: RangingGBP/USD pair is in a sideways trend since May 10. The currency pair is ranging in a tight range between levels 1.4100 and 1.4200. Today, the Pound is rising on the upside to retest the previous highs. On the upside, […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: RangingAUD/JPY currency pair is in a sideways trend. The pair is currently fluctuating in a tight range between levels 84.00 and 85.50. The current range-bound move is characterized by small bodies of candlesticks called Doji Spinning tops. These candlesticks are […]
EURUSD Price Analysis – June 14 On Monday, buyers appeared to reclaim the upper hand, after EURUSD rebound from the 1.2100 regions continues to sustain positive bias on the pair. The EURUSD has dropped to its lowest levels of the month, but buying sentiment kept the pair positive. Euro has been marching higher with the […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingNZD/USD is in a sideways move below level 0.7300 Since April. The Kiwi is rising after falling to the low of level 0.7115. The currency pair has an uphill task to break above the moving averages to resume up trending. […]
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 broken above the previous resistance and moved on the upside. The market is declining because of the resistance at level 156.00. If price breaks below the moving averages, the downtrend […]
EURJPY Price Analysis – June 11 The EURJPY currency pair is driven by downside pressure during the European session into the American session at the close of the week. During Friday’s trading, the exchange rate declined by 57 pips at the time of this post. The pair may continue to lose ground versus the Japanese […]
NZD/JPY was in a corrective phase but the rate seems oversold at the moment of writing. The price is located below strong dynamic resistance levels, so we have to wait for confirmation. The bias is still bullish despite the last decline. The Nikkei’s temporary decline helped the Yen to increase versus its rivals. JP225’s potential […]
