Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishThe GBP/JPY is in a smooth uptrend. The uptrend has been characterized by small body candlesticks. Yesterday, the price retraced to level 151.45 low as the market commenced the resumption of the uptrend. The pair is already in the overbought […]
The GBP/USD failed, once again, to scale the 1.4000 resistance and has fallen to the 1.3900 area, indicating that Wednesday’s post-dovish FOMC monetary policy effect on the market has worn off. The decline is getting its drive by the broad recovery of the US dollar, which is getting boosted by soaring US bond yields. The […]
Key Resistance Levels: 0.8000, 0.8100, 0.8200Key Support Levels: 0.7700, 0.7600, 0.7500 AUD/USD Price Long-term Trend: BullishThe AUD/USD pair is in an uptrend. The uptrend is facing resistance at level 0.8000. On February 25 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the price will rise to level 2.618 […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold is presently in a downward move. The current downward move was a rejection from $1,950. On March 8 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Gold is expected to fall to […]
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. The pair is rising to retest or break level 109.00. The uptrend will resume if level 109.50 is breached. On March 9 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. […]
Key Resistance Levels: 0.9400, 0.9500, 0.9600Key Support Levels: 0.9100, 0.9000, 0.8900 USD/CHF Price Long-term Trend: BullishThe pair is presently in an upward move. The pair is falling after rejection from the recent high. On March 9, a retraced candle body tested the 78.6% Fibonacci level. This retracement indicates that the market will rise to level […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishEUR/CHF is in an uptrend but the bulls are struggling to break level 1.1100. Since March 4, the pair has been in a sideways trend. On March 4 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The […]
The EUR/GBP maintained a sideways bias into today’s trading session despite several supporting fundamental factors on both sides. The UK press announced over the weekend that the UK might be able to offer every adult in the country the first vaccination by June 10, several weeks earlier than the government’s target. Meanwhile, the governor of […]
Key Resistance Levels: 1.2200, 1.2300, 1.2400Key Support Levels: 1.1800, 1.1700, 1.1600 EUR/USD Price Long-term Trend: BearishEUR/USD had been in a downtrend. The pair retested levels 1.2200 and 1.2000 and resumed a downward move. On March 9 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. This retracement indicates that the pair will fall […]
