The European Central Bank ( ECB) had its Thursday meeting. The central bank kept interest rates intact as planned and their purchase programs unaltered. The ECB could make improvements to the tiering multiplier after the summer break, according to the Research Department at BBVA. “In the past few weeks, there have been some assumptions about […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: RangingThe AUD/JPY pair is on a sideways trend. After the last bearish impulse on June 11, the pair is facing resistance at level 75.00. The market falls each time price tests the resistance zone at level 75.00. A break above […]
AUDUSD Price Analysis – July 16 The Australian dollar eases as risk appetite declines on Thursday but maintains upside bias after attempting to crack the 0.70 barriers earlier on in the day. As Australia’s jobless rate ticked higher in June and full-time employment tanked, the AUDUSD pair is struggling to draw bids. Key LevelsResistance Levels: […]
EURUSD Price Analysis – July 16 EURUSD bulls reached the highest point since March at 1.1452 level before taking a breather beneath. However, it retains much of its momentum in what appears to be an essential and modest downside correction before the next bounce back as potential Markets fundamentals weigh in. Key LevelsResistance Levels: 1.1495, […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: Bullish The EUR/GBP pair is in an uptrend. The first uptrend was terminated at level 0.90879 and it retraced to level 0.90500. The pair has resumed a fresh uptrend at the current support. A fresh uptrend has resumed and price […]
GBPJPY Price Analysis – July 15 The GBPJPY cross held on to its modest gains through the early European session into American session, albeit has retreated around 20 pips from 135.08 daily high level. On the other hand, the sterling benefitted from Wednesday’s hotter-than-expected UK consumer inflation figures boosting GBP demand. Key LevelsResistance Levels: 147.95, […]
Key Resistance Levels: 1.42000, 1.44000, 1.46000Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: RangingThe Loonie is in a sideways move in June. The market is fluctuating between levels 1.3500 and 1.3700. The price has risen above the 21-day SMA to move upward. The pair is likely to rise if the 21-day SMA support […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair recently fell to level 1.0600 and resumed an upward move. A correction candle body tested the 0.382 Fibonacci retracement level. It indicates that the pair will rise and reach level 2.618 Fibonacci extension level. EUR/CHF first target will […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD pair is in an upward move. The Kiwi rose to level 0.6600 and was resisted. This will be the second time the pair will be testing the resistance at level 0.6600. The first time the resistance was tested the […]
