XAGUSD Price Analysis – May 16 At the end of the prior session, the white metal turned positive away from weekly lows of $26.72 and shot to two-day highs, around $27.48 level. XAGUSD trend appears to be stacked in favor of buyers, implying that further advances are likely. Following worse-than-expected US results, the dollar fell […]
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. Buyers have broken the previous resistance at level 153.41. Presently, the uptrend has reached a high of level 154.14. On April 6 uptrend a retraced candle body tested the 38.2% Fibonacci retracement level. The […]
EURJPY Price Analysis – May 14 On Friday EURJPY pair, the euro surged 70 pips, or 0.45 percent, against the Japanese yen. The surge was supported by the overall positive sentiment surrounding the Euro on progressive vaccination of the eurozone and challenges of virus spread limiting the Japanese economy. Although at overbought zones at 132.84 […]
AUD/USD was into a corrective phase in the short term as the DXY increased a little. The pair has decreased as much as 0.7688 level where it has found strong support. Actually, the price has reached a strong support area, so a bounce-back is natural. USD depreciates again as the US Dollar Index plunges ahead […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishFor the past 48 hours, the Yen has been in an upward movement. The pair rebounded above level 108.50 to reach the recent high. The upward move is facing resistance at level 109.80. The uptrend will resume if price breaks […]
USD/JPY remains strongly bullish after failing to retest the uptrend line. The pair rallied as the US Dollar Index jumped higher after the US inflation data publication. The unexpected growth registered by the CPI and by the Core CPI has changed the sentiment. USD rallied after those better than expected data. DXY’s further growth will […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.1900, 1.1800, 1.1700 USD/CAD Price Long-term Trend: BearishUSD/CAD has continued to fall after rejection at level 1.2300. The market has declined to the low of level 1.2096. Further downside is expected. On the daily chart, a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishEUR/CHF has been in a downward movement since March 4. The pair was rejected from the high of 1.1150. Today, the market has declined to a low of 1.0926. The pair has been making a series of lower highs and […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishThe pound rebounded above level 1.3800 and broke through the price levels. The bullish momentum has broken above level 1.4000 high. For the past three months, the Pound has been in a downward correction as bulls fail to break the […]
