GBP/JPY reached a strong dynamic resistance and now it could develop a correction. The price is traded at 152.81 at the time of writing, a new lower low could signal more declines. Technically, a temporary retreat is natural and somehow expected after the most recent growth. GBP is strongly bearish and it loses ground versus […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingEUR/CHF is in a sideways move. After the rejection at level 1.1150, the market fell to level 1.1000 since March 16. Today, the pair is still fluctuating between levels 1.1000 and 1.1100. Yesterday, the pair tested the resistance at 1.1100 […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishThe British Pound downtrend has been terminated on March 24 as bulls bought the dips. The pair has been in an upward movement since March 25. The pair’s price has broken above the SMAs.On March 5, a retraced candle body […]
USD/JPY decreased a little after reaching the 110.83 level. Now it moves sideways within a potential continuation pattern. The pair decreased a little as the USDX and JP225 slipped lower. Still, further growth registered by these two indexes may bring a new momentum. Better than expected US data reported later today could boost the pair. […]
NZD/USD seems ready to get out from a minor range signaling more gains ahead. The price action has developed a Double Bottom reversal pattern. So, the pair could come back higher in the short term. The US data has come in mixed on Friday signaling that the USD could depreciate in the short term. It […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishAUD/JPY is an upward move. The pair is currently facing resistance at the 84.50 high. The Yen is consolidating above the current support. In the previous downtrend, the pair was rejected at the high of level 85.00 and it fell […]
Gold rallied in the short term and now it stands at 1,729 level right below a critical resistance level. As you already know, the yellow metal was into a corrective phase after reaching the 2,075 all-time high in August 2020. The price has found strong support and now it has turned to the upside. Technically, […]
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 since February 25. The price is making a series of lower highs and lower lows. Today, the Kiwi has fallen to the low 0.7030. On March 5 downtrend; a retraced candle body […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY uptrend is ongoing even though the stochastic has indicated an overbought condition of the market. The Yen has resumed a fresh uptrend at the low of 148.52. The Yen will continue to rise as the Relative Strength Index approaches […]
