Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: RangingAUD/JPY is range-bound since February 25. The pair has been in a sideways trend below level 85.00. Buyers are yet to break the overhead resistance. If the bulls break the overhead resistance, the uptrend will resume. Meanwhile, the pair is […]
XAGUSD Price Analysis – April 18 This week, silver (XAG/USD) price may continue rising as the white metal breaks out of its recent range around $26.00 on Friday. XAGUSD has reached a high of $26.30 during the prior session, following its price action from the $25.84 opening price. The surge in the dollar during the […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishThe Kiwi has been in a downward movement since February 25. It was rejected at level 0.7450 and it fell to level 0.7100. The Kiwi corrected upward but faced another rejection at level 0.7250. This time, NZD/USD slumped to 0.6950 […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BearishGBP/JPY is in a downward move after its rejection at level 153.00. The pair has fallen and broken below the 21-day SMA and it is approaching the 50-day SMA. The selling pressure will resume if price breaks and closes below […]
AUDUSD Price Analysis – April 15 During the trading on Thursday, the AUDUSD regained a positive bias for the 2nd day in a row, with investors now looking for a steady advance toward the 0.7800 levels. Several factors aided the trend, including upbeat market bias and a drop in US yields with a softer mood […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has resumed a downward move after rejection at level 111.00. For the past two weeks, the pair has been failing on the downside. The Yen is likely to find support above level 108.00. If it does, the […]
JP225 trades at 29,627 level at the time of writing being located within a minor range. The index moves sideways trying to find a new direction. The price is trading in the red but the outlook remains bullish. Nikkei has developed a major triangle that could bring great opportunities to the pairs that have the […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD pair is in a downtrend. The pair made a brief uptrend to level 1.2600 on March 30. For the past week, the upward move has been interrupted at the recent high. On the upside, if buyers fail to break […]
USD/SGD dropped right after the US inflation data was released but it could still come back higher. It’s traded at 1.3419 at the time of writing after retesting the daily pivot of 1.3414. An upside reversal is somehow expected after breaking above the major downtrend line. The pair has developed a triangle on H4 which […]
