USDCHF Price Analysis – July 14 During the early European session, the USDCHF pair bounced over 30 pips from daily swing lows and renewed daily highs, around the 0.9424 marks, before posting lower to 0.9389 level. The perceived safe-haven Swiss franc was weakened by the prevalent risk-on mood and was considered one of the key […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: RangingThe pair is currently in a sideways trend between levels106 and 108.00. The Yen is rising after reaching the low of 106.636. The upward move is likely to reach level 108. Since June 10, level 108 has not been broken. […]
EURUSD Price Analysis – July 13 EURUSD lengthens the recovery from the lows near 1.1257 level of Friday and accumulates ground on Monday around 1.1335/55 band. Fears about the second wave of coronavirus diseases have taken its toll on the global context of risk and driven some haven flows toward the USD. Key LevelsResistance Levels: […]
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 is currently falling but the selling pressure has been exhausted. A green correction candle body tested the 0.786 retracement level. It indicates that the pair is going to fall and reach the low of level 1.272 extension level. […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe EUR/GBP pair is presently rising after retesting level 0.8950. The uptrend has continued as price reached the high of level 0.8967. According to Fibonacci tool, the current trend will rise and reach the high of level 0.8988. Daily Chart […]
GBPUSD Price Analysis – July 12 In the preceding session, the GBPUSD pair reached 1.2664 level, unable to exceed its weekly high and pull back to stay at 1.2612 level. The run was the direct consequence of the vulnerability of the wider dollar, as headlines from the UK did not offer the Pound any protection. […]
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. The pair is currently trading at $0.6567 and it is likely to rise. A correction candle body tested the 0.786 retracement level. This indicates […]
GBPJPY Price Analysis – July 12 During the prior week, GBPJPY posted a high at 135.92 level, forming a shooting star candlestick and may head for correction beneath mid-level 134.00 – a negative signal may be on track for the pair. Asian stock markets reinforced the tone of the offer around the anti-risk Japanese yen […]
EURJPY Price Analysis – July 10 EURJPY tends to lose the futile effort to enter the range of 122.00, amid rising selling pressure on the back of the Japanese yen’s improve bias. The corrective downside stays under the ascending trendline in the 120.50 regions as the selling bias gets traction. Key LevelsResistance Levels: 124.43, 122.87, […]
