USDCHF Price Analysis – March 30 The USDCHF upside move regained traction after a brief pause around 0.9380 level during Tuesday European session. The pair’s buyers are building on fresh momentum beyond the mid 0.9400 marks. The US dollar pushes higher as the US Dollar Index (DXY) rallies to fresh highs in the area above […]
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 an uptrend. Presently, the pair is in a sideways trend. The sideways move became necessary because the uptrend is facing resistance at level 1.1150. In other words, the market is fluctuating between levels 1.1100 and 1.1150, On […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishThe British Pound has been in a downward move after its rejection at level 1.4200. The pair has fallen and broken below the moving averages. The implication is that the selling pressure will persist. On March 5 downtrend, a retraced […]
GBP/CAD trades at 1.7416 at the time of writing and it seems determined to jump way higher after escaping from a down channel pattern. The Pound is strongly bullish in the short term and it could lead the pair higher in the short term. The pair has printed a major bullish engulfing pattern on the […]
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 has been in a sideways trend because of the rejection at level 85.00. The pair fell to level 82.28 after a retest at the recent high. The current upward move is facing resistance above level 83.00. Meanwhile, the uptrend […]
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 continued to fall on the downside. The pair faces another rejection at level 0.7300 resistance zone. On March 5 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the Kiwi will […]
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 has been rising for the past two days. In the previous week, the uptrend was interrupted at the resistance of 152.55. This causes the market to decline to the low of $148.52. The Yen has risen to revisit the […]
AUDUSD Price Analysis – March 25 Early in the session on Thursday, the AUDUSD pair recovered after plunging to lows of $0.7578 level, however on a short-covering rebound on the pair is erasing much of the overnight losses after hitting its lowest since early February. Key LevelsResistance levels: $0.7800, $0.7725, $0.7650Support Levels: $0.7557, $0.7461, $0.7414AUDUSD […]
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 is facing resistance at level 109.20. Since March 8, the pair has been fluctuating below the resistance. The uptrend will resume if the resistance is breached. On March 9 uptrend; […]
