EURUSD Price Analysis – February 24 The EURUSD begins the fresh week under pressure with a bearish gap after the weekend reports showed a spike in confirmed cases of coronavirus worldwide, especially in Italy and South Korea. The Fx pair has erased its serious over-sold conditions but was unable to run beyond its current daily […]
GBPUSD Price Analysis – February 23 GBPUSD extended the daily recovery during the previous session and touched a new daily high of 1.2981, as the dollar came under strong selling pressure on disappointing PMI data. Key Levels Resistance Levels: 1.3700, 1.3514, 1.3200 Support Levels: 1.2900, 1.2582, 1.1958 GBPUSD Long term Trend: Bullish In the long-term […]
EURJPY Price Analysis – February 21 The single European currency rose 88 basis points or 0.73% against the Japanese yen in the previous session. After two consecutive sessions showing strong growth, EURJPY is now losing some momentum amid JPY bulls. Key Levels Resistance Levels: 122.37, 122.87, 121.00 Support Levels: 119.99, 117.08, 115.83 EURJPY Long term […]
AUDUSD Price Analysis – February 20 The AUDUSD pair added to its intraday decline and fell to new multi-year lows, around 0.6620 regions during the late European session on Thursday, while the price stayed systematic, but the rate of the FX pair’s decline accelerated. Key Levels Resistance Levels: 0.7085, 0.6850, 0.6750 Support Levels: 0.6620,0.6540, 0.6479 […]
GBPJPY Price Analysis – February 19 The GBPJPY cross increased to fresh monthly highs, within the mid-143.00 levels, in response to higher-than-expected UK consumer inflation data. The movement may then set the scene for the expansion of the recent positive momentum of the pair. Key Levels Resistance Levels: 148.66, 147.95, 144.60 Support Levels: 140.83, 135.49, […]
XAUUSD Price Analysis – February 19 The XAUUSD pair advanced to the highest zone after January 8 at $ 1,611.07 level and passed the impressive interval of a fresh seven-year top. Although, due to the improvement in sentiment in the American session, the pair erased part of its prior profits and last traded at $ […]
USDCHF Price Analysis – February 18 The USDCHF pair swiftly regained some 15-20 pips from the lows of the early European session to the American session and is currently in neutral region, slightly past 0.9800 level. Key Levels Resistance Levels: 1.0231, 1.0027, 0.9841 Support Levels: 0.9800, 0.9743, 0.9613 USDCHF Long term Trend: Ranging In a […]
EURUSD Price Analysis – February 17 The EURUSD pair is trading near the Friday multi-year low of 1.0827 level, showing small targets to move in one direction or another, as the daily high was set at 1.0850 level. Insufficient European macroeconomic calendar and US markets during the holidays are behind the lack of trade interests. […]
GBPUSD Price Analysis – February 16 GBPUSD rebounded from the daily low of 1.3000 to complete the previous week without changes near the level of 1.3050 and up during the week. The FX pair held back on recent successes caused by shifts in the UK cabinet that ended with Rishi Sunak becoming the new Chancellor […]
