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. On Mat 27, the pair reached the high of level 156.00. The currency pair was resisted as the market resumed a downward move. The uptrend will resume if price retraces and finds support above […]
XAGUSD Price Analysis – June 6 After failing to profit from the weaker DXY on Friday, the XAGUSD saw some buying near the $27.00 mark. As buyers hunt for upside continuation, the pair is correcting but could be headed for a new high. As buying interest ramped up at the $27.22 level, silver is currently […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishToday, the Yen has broken the previous price level to reach the high of $110.78. On May 3 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the pair will rise to level 2.0 […]
USD/CAD moves sideways in the short term waiting for a bullish spark to be able to develop a new leg higher. Technically, the pair has shown oversold signs, but it is still premature to go long from here. The US needs strong support from the US economy to start increasing versus its rivals. The US […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.1900, 1.1800, 1.1700 USD/CAD Price Long-term Trend: RangingUSD/CAD is in a downward move. Since May 10, the downtrend has been terminated as the currency pair resumes a range-bound move. For the past month, the currency pair has been fluctuating between levels 1.2000 and 1.2200. These range-bound levels […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishThe pair is falling after the rejection at level 1.1100. The price corrected upward to retest level 1.1100 before signaling the downward move. Meanwhile, on March 16 downtrend, a retraced candle body tested the 38.2% 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: BullishAUD/JPY currency pair has been trading below the resistance at level 85.20. Since February 24, the currency pair has been in a sideways move. All the price movements above the resistance pull back each time the market faces resistance. Today, […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD pair is in an uptrend. The current uptrend has broken the resistance at level 1.4241. The Pound will reach level 1.4400 if the bullish momentum is sustained. Meanwhile, in the uptrend of May 10, a retraced candle body tested […]
Since the United States and the United Kingdom are both on vacation, trading has been pretty quiet. The pound is slightly weaker, followed by the dollar and the Swiss franc. The Australian dollar, on the other hand, is slightly rising ahead of the RBA’s rate statement in the Asian session. The central bank is unlikely […]
