EURUSD Price Analysis – May 31 On Monday, the EURUSD trades in a limited range as daily volatility continues around 1.2200. Despite a broad-based stabilization in global markets and a lack of volatility following the US markets’ inactivity due to the Memorial Day weekend, the single currency trades without a clear direction. Key LevelsResistance Levels: […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingSince April 28, NZD/USD is in a sideways move. On February 28, the bulls were repelled at the 0.7300 resistance as the market declined to level 0.7212. The pair is making another upward move at the recent low. Meanwhile, on […]
XAGUSD Price Analysis – May 30 Silver (XAGUSD) is in an uptrend, with buyers controlling any dips and setting for a move higher to the $28.00 region. The price of silver is currently $27.93 per ounce, up 0.32 percent. The price of silver is being pulled downwards as the US dollar and Treasury yields strengthen. […]
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. Today, the market has risen to level 156.00 high. It is said that the pair has reached the overbought region. On April 6 uptrend a retraced candle body tested the 38.2% Fibonacci retracement level. […]
EUR/USD dropped and now it has reached and retested a support area. Technically, the pair is somehow expected to increase as the DXY is at resistance. Still, it remains to see how the price will react after the US data will be released today. The US data could shake the market in the short term, […]
AUDUSD Price Analysis – May 27 During the first half of the European session, the AUDUSD pair oscillates amid mild gains and modest losses and was last seen trading in the neutral zone, just below the mid-0.7700s. The recent COVID lockdowns in Australia, as well as a milder risk tone, limited the Aussie’s upward potential. […]
GBP/JPY seems undecided in the short term after reaching the 154.82 high. The pair moves sideways showing some overbought signs. Still, the bias is bullish, so it is premature to talk about a strong corrective phase. It remains to see what will really happen in the short term. JP225 (Nikkei) stays higher and a potential […]
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 is falling after the rejection at level 1.1100. The selling pressure will continue as the pair faces another rejection at level 1.0200. Meanwhile, on May 11 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement […]
USDCHF Price Analysis – May 25 USDCHF pair is still on track for daily losses. It is currently trading at 0.8955, down 0.17 percent on the day. For the time being, the pair tends to rangebound at the moment. As risk flows dominate the markets, the US Dollar Index continues to fall. If the price […]
