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 has risen to the range-bound zone. The upward move was resisted at level 108.00. The price is on a sideways move as it fails to break above the recent high. The Yen […]
USDCHF Price Analysis – August 4 Last week, USDCHF struggled to finish underneath the low level of 0.9056 and the demand is strengthening in the near term. The 0.9467 marks are anticipated to cap the upside rally with the pair trading at around 0.9156 level and beyond today. Key LevelsResistance Levels: 0.9902, 0.9467, 0.9181Support Levels: […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingEUR/CHF is still trapped between levels 1.0700 and 1.0800. Today, buyers are still making frantic efforts to break above the resistance line but were repelled. In previous instances, the pair made partial breakout and then pulled back into the range-bound […]
EURUSD Price Analysis – August 3 EURUSD has begun the week on a negative basis and is adding losses underneath the 1.18 benchmark to the prior session low, all amid a widespread profit-taking trend and a strong dollar correction. EURUSD ended the session on Friday in the negative territory as the push to fresh 2-year […]
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 downward move after a range-bound movement since May. The price has broken the bullish trend line. It is an indication of a further downward move. The pair is currently correcting upward at level 0.9000. […]
XAGUSD Price Analysis – August 3 On Monday, Silver inched higher to $25.00 level before falling back marginally as infection cases grew, and a tumultuous budget dispute in the US diverted more funds to safe havens. Over the last eight weeks, the white metal has been in the green, increasing its multiple months’ old uptrend […]
GBPUSD Price Analysis – August 2 GBPUSD ended the prior session at around 1.3170 level, which was the highest in four months. The weakness of the greenback is driving pounds higher while in England the currency is shrugging off restrictions on 4.3 million people. The GBP has been heavily overbought against the USD implying vigilance […]
GBPJPY Price Analysis – August 2 After 5 days of non-stop upside momentum, the GBPJPY cross returns past 138.00 marks in the prior session, with bulls now eyeing a step to taking back the June 5 mid-139.00 mark. The JPY may find buyers if COVID-19’s second wave continues to climb in speed. The spike was […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD pair is in a downtrend. The Kiwi is still falling and it is approaching the low of level 0.6600. According to the Fibonacci tool, the pair will fall and reach a low of 0.786 Fibonacci retracement level. That is, […]
