Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishThe New Zealand Dollar is in an uptrend. However, in June the market is in a sideways trend. A correction candle body tested the 0.786 retracement level. This indicates that the market will reach a high of 1.272 extension level. […]
EURJPY Price Analysis – June 26 The EURO is dropping against Japan’s safe-haven yen, but it stops at around 120.00 marks for the moment. So far, the pair has lost about 0.2 percent with a weighted risk bias on the back of rising reports of coronavirus and the proposal of the US government to raise […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY was earlier in an uptrend as it reached the high of level 109.85. The price action is indicating a bearish signal. A correction candle body tested the 0.786 retracement level while in a downtrend. It indicates that the […]
USDCHF Price Analysis – June 26 USDCHF loosens to 0.9472 level, while still down 0.11 percent on a day, the pair may re-attempt the 0.9550 level after the pair’s initial downside pressure in the prior session was confined. Key LevelsResistance Levels: 1.0027, 0.9766, 0.9550Support Levels: 0.9440, 0.9370, 0.9181USDCHF Long term Trend: RangingThe pair registered a […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingThe EUR/GBP pair is in a sideways trend. The market has risen to level 0.90728 but has continued to fluctuate between level 90200 and 90800 since May. The price has fallen to level 90362 and it is expected to rise. […]
Key Resistance Zones: 74.000, 76.000, 78.000Key Support Zones: 66.000, 64.000, 62.000 AUD/JPY Long-term Trend: RangingAUD/JPY pair is presently in a sideways trend. It resumed a sideways move after falling to the low above level 72. A correction candle body tested the 0.382 Fibonacci retracement level. It indicates that the pair will rise and reached a […]
AUDUSD Price Analysis – June 25 Once again, new buyers emerged just beyond 0.6850 level, allowing a cautious bounce in AUDUSD into mid-European trading, even though upside momentum seems to be capped amid risk aversion. Key LevelsResistance Levels: 0.7205, 0.7064, 0.6938Support Levels: 0.6777, 0.6462, 0.5906AUDUSD Long term Trend: BullishTo the AUDUSD bulls, the level at […]
EURUSD Price Analysis – June 25 EURUSD contributes to the pullback of the prior day regarding the positive tone in the USD amid the risk aversion pick-up sentiment. EURUSD loses -0.38 percent to the level of 1.1210 as the pair remains vulnerable to more downside risks, with attention focused at 1.1200 level. Key levelsResistance Levels: […]
GBPJPY Price Analysis – June 24 The GBPJPY cross deteriorated sharply into American session through the mid-European session among lackluster gains and losses and was last observed trading in the neutral territory, around the region of 132.76. Investors also seemed hesitant to put any large investment amid a lack of clear economic releases on the […]
