EUR/USD found strong support right above 1.17 psychological level and now it has turned to the upside. Technically, a temporary rebound could be natural after the most recent massive drop. Still, you should be careful as the US NFP, Unemployment Rate, and the Average Hourly Earnings could bring high volatility later today. EUR/USD rallies in […]
EURJPY Price Analysis – April 2 The EURJPY progresses higher during the early European session on Friday and surpasses the 130.00 psychological regions again. The Japanese yen stays offered amid yields of the US 10-year reference in the lower end of the range after some downside pressure earlier in the week. Key LevelsResistance Levels: 131.50, […]
AUDUSD Price Analysis – April 1 The AUDUSD pair plunges to the 4th day in a row low on Thursday after buyers repeatedly failed to breach beyond the MA 13 barrier around the mid 0.7600 level. The pair extends losses to 0.7531 low level as the upbeat US economic outlook capped gains for the AUDUSD […]
EUR/AUD trades at 1.5518 level and it seems determined to resume its growth after breaking above the downtrend line. The price printed a chart pattern in the short term, so an upside valid breakout may confirm upside momentum. The pair was into a corrective phase and not it could turn to the upside in the […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY has continued its upward move. Presently, the Yen has risen to level 110.96. The uptrend is reaching bullish exhaustion. On March 10, a retraced candle tested the 78.6% Fibonacci retracement level. The retracement implies that the Yen will […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD pair was in a downward move in March. On March 1, the pair was resisted at level 1.2700 and it plunged to level 1.2400. On March 18, the bulls bought the dips and resumed upward to reach the high […]
AUD/USD drops like a rock in the short term after ending its temporary rebound. USDX’s further growth may force the pair to drop deeper. The USD has taken the lead again after the US CB Consumer Confidence jumped from 90.4 to 109.7 points beating the 96.9 expectations. The greenback needed a bullish spark from the […]
EUR/CHF trades higher at 1.1064 level after retesting some immediate support levels. The pair escaped from a continuation pattern, so now is somehow expected to resume its swing higher. Still, we need confirmation before going long on this pair. The German Import Prices registered a 1.7% growth in February which is good for Euro. On […]
USD/CNH registered a new higher yesterday by closing at 6.5746 above 6.5625 former high. Technically, the pair tries to develop a new uptrend, a bullish reversal after breaking above the major downtrend line. The currency pair may resume its upside movement, the uptrend, if the US economic data continues to come in line with expectations […]
