USDCHF Price Analysis – April 13 After plunging for 5 consecutive days, the USDCHF pair bounces off lows around 0.9200 early on Tuesday’s European/American session. The pair’s rebound is up around 0.9259 intraday high and at the time of this post was hovering around the 0.9213 level. The US dollar is in a cautious mode […]
NZD/CAD edged higher today and it seems determined to resume its rebound. Technically, the pair has developed a Double Bottom pattern, so it could jump higher in the short term. New Zealand Dollar is strongly bullish and it could appreciate versus all rivals and not only versus CAD. Still, we need confirmation before deciding to […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishEUR/CHF has resumed a downward move after retesting level 1.1100. The pair was earlier fluctuating between levels 1.100 and 1.1150. The price has broken the lower price range. On March 8 downtrend; a retraced candle body tested the 38.2% Fibonacci […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD has been in a downward move after its rejection from level 1.4200. After the initial fall, the Pound is making a series of lower highs and lower lows. On March 5, a retraced candle body tested the 61.8% Fibonacci […]
NZD/USD continues to stay near the downtrend line, at 0.7030 level. An upside breakout could signal an upside reversal. The pair may continue to increase if the US Dollar Index resumes its downside movement after its temporary rebound. The United States inflation data could be decisive tomorrow. The CPI is expected to increase by 0.5%, […]
EURUSD Price Analysis – April 12 From early session tops around the 1.1904 mark, the EURUSD has receded to approach mid 1.1800 level during Monday morning trading. The dollar started the week on a stronger note as Fed’s bullish remarks lent some support to the greenback. Key LevelsResistance Levels: 1.2190, 1.2050, 1.1952Support Levels: 1.1800, 1.1693, […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishAUD/JPY was earlier in an uptrend. The pair has been facing rejection at level 85.00. On February 26 and March 18, the pair was resisted and the market declined to level 82.00. Today, the selling pressure has resumed. On March […]
XAGUSD Price Analysis – April 11 During the previous session, the price of the white metal was under tremendous pressure and fell below the mid $25.00 mark. The selling bias would be reversed if the price rises above the $25.00 breakpoint. The lack of long-term downside is likely since US government bond yields have fallen […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD pair has been in a downward move but the Kiwi’s price is making an upward correction. The pair corrected upward to level 0.7050 resistance zone and was resisted. Since April 5, the upward move is facing rejection at the […]
