EURUSD Price Analysis – August 10 EURUSD has halted its upward advancement in what appears to be much more than a correction as bears assault level 1.17. The euro currency is poised for a crucial week against the US dollar, following the significant correction from the region of 1.1900 on Friday. Key LevelsResistance Levels: 1.1980, […]
The dollar ended the week with a firmer tone, supported in part by an upbeat employment report but also by President Trump’s decisions. On Friday, the US administration imposed sanctions on Hong Kong’s chief leader Carrie Lam and ten other high-ranking officials for their role in political instability in the region, as well as awaiting […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingNZD/USD pair is in a sideways move. The price is retesting level 0.6700 before falling to resume the sideways move. In the meantime, the market is falling and has broken level 0.6600. The downtrend is likely to continue if price […]
GBPUSD Price Analysis – August 9 After striving tough to shift over late July, GBPUSD fell back under the 1.3100 mark. The US dollar has made a comeback with the non-farm payroll data as the trigger for what feels like a lifetime. The figures exceeded analyst expectations to report at 1.763 million from 1.6 million. […]
GBPJPY Price Analysis – August 9 In the prior session, GBPJPY consolidated around 138.50 marks, that said, while increasing trend patterns indicate some possible downside correction may be temporary. The Bank of England delivered Britain’s economy a remarkably positive assessment which may fuel confidence that the sector may see more trend progress this week. Key […]
EURJPY Price Analysis – August 8 In the prior session, EURJPY’s rally reached new highs near level 125.58. Nevertheless, the step was insufficient and facilitated the existing correction lower to sub-125.00 levels. Given the continuing correction, incremental improvements stay well on the radar and bolstered by the broader risk complex change. Key LevelsResistance Levels: 128.67, […]
USDCHF Price Analysis – August 7 The USDCHF pair is rising on Friday for the second day in a row, moving away from the lowest level it has reached at 0.9050 level in five and a half years. The pair further recovers as buyers search for entry beneath 0.9181 level. The greenback posts mixed results […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: RangingUSD/JPY was earlier in a downward move but risen to the range-bound zone. The Yen is facing rejection at level 106.00 as price resumes consolidation below the resistance. The earlier downtrend has been terminated as price resumes sideways move. Daily […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingThe EUR/GBP pair is in a sideways move. The market is in a choppy price action. The price moves up to retest the 0.9100 resistance and then fall to resume the sideways move. Since May the pair has been in […]
