EURUSD Price Analysis – July 6 EURUSD is striving to smash through the recent convergence zone and aims to crack the 1.13 barrier more compellingly. The EURO progressed in early Monday’s trading, up 0.5 percent after European session opening, supported by fresh risk aversion and economic recovery optimism. Key levelsResistance Levels: 1.1495, 1.1422, 1.1350Support Levels: […]
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 was earlier in a downward move as the pair fell to level 0.89940. Presently, the market is facing resistance at level 0.92000. The previous uptrend was resisted as the pair resumes a fresh uptrend. The price is […]
GBPUSD Price Analysis – July 5 The GBPUSD pair held steady in the prior session beneath the 1.2500 thresholds but ended the week with solid increases. At the end of the week, optimism mingled with concerns as Britons welcomed Saturday’s reopening of social events. Key LevelsResistance Levels: 1.3514, 1.2812, 1.2560Support Levels: 1.2300, 1.2075, 1.1409 GBPUSD […]
GBPJPY Price Analysis – July 5 The sterling may accumulate gains on a quiet session going into the new week from Friday. GBPJPY stayed positioned sideways at around 134.00 level, with downside attempts confined by buyers at 133.70 level. In addition to this, mild risk aversion, cases of coronavirus coupled with Brexit uncertainty are easing […]
Key Resistance Levels: 0.66000, 0.68000, 0.70000Key Support Levels: 0.62000, 0.60000, 0.58000 NZD/USD Price Long-term Trend: BullishNZD/USD pair is in an upward move. In June, the market has been fluctuating between levels 0.64000 and 0.65500. A correction candle body tested the 0.786 entrancement level. It indicates that the market will reach a high of 1.272 extension […]
EURJPY Price Analysis – July 3 At the end of the week, EURJPY loses ground for the third session in a row regarding a broad-based pick-up in the risk-off trend until being turned down in prior sessions from mid-121.00. The JPY is expected to further gain from any rise in China/US tensions toward the U.S. […]
USDCHF Price Analysis – July 3 USDCHF gathers upside traction at about 0.9460 levels, up 0.15 percent a day, going into the European session on Friday. In the meantime, the continuing downturn appeared somewhat uninfluenced by the prevailing rising market mood, which appears to weaken demand for the perceived Swiss franc safe-haven. Key LevelsResistance Levels: […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe Yen fell to level 106 to resume an upward move. The uptrend has been terminated as the market fell to the support of level 107.500. The Yen is making a fresh uptrend to retest the resistance at level 108.000. […]
AUDUSD price Analysis – July 2 The AUDUSD pair stayed through the first half of Thursday’s trading activity beyond the 0.6950 marks, although lacking any firm bullish traction. The spike was supported by the prevalent risk-on mood that eroded the US dollar’s safe-haven and gained perceived riskier currencies, including the AUD. Key levelsResistance Levels: 0.7205, […]
