EURUSD Price Analysis – March 9 The EURUSD plunged to a low of 1.1835 level early in the European session on Tuesday hitting the lowest level in months. At the time of this post, the pair rebounds from the low as loss of near term downward momentum is likely to keep price above mid 1.1800 […]
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 price pulled back on March 5. The uptrend has resumed but the market has reached the overbought region. On February 25 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The […]
Will the 2020 United States presidential election upheave the markets? Part 2 What really happened in the markets when the results of the last US presidential elections started coming out? This piece is sequel to the article titled: “Will the 2020 United States presidential election upheave the markets?”. I said nothing new, nothing unprecedented would […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD had been in an uptrend. The pair is currently retracing to the previous low. The price has broken the 21-day SMA but it is approaching the 50-day SMA. Once the price breaks the 50-day SMA, the market may further […]
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 is still in an uptrend but the uptrend is facing resistance at the recent high. On February 25 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the market will rise to level […]
USDCHF Price Analysis – March 8 The USDCHF pair is on the rise on Monday hitting the highest level since last year. The pair’s buyers are building on fresh momentum beyond the 0.9300 marks. The uptick was sponsored by the healthy NFP numbers released on Friday. Key LevelsResistance Levels: 0.9547, 0.9457, 0.9370Support Levels: 0.9304, 0.9207, […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishThe Kiwi was earlier in a downtrend. Today, the price has fallen and broken below the SMAs. The price action is indicating that a candlestick has a long tail. The long tail indicates that there is strong buying pressure at […]
XAGUSD Price Analysis – March 7 The price of the white metal came under immense pressure in the prior session and briefly dipped below the $25.00 level. A move beyond the $25.00 breakpoint will negate the selling bias. The lack of lasting downside probably owes itself to the fact that US government bond yields, which […]
EURJPY Price Analysis – March 5 The continuation of the selling sentiment in the Japanese yen lends extra legs to the EURJPY beyond 129.00 level at the weekend. In the meantime, the pair sustains its upside sentiments price towards the round number at 130.00. As equities and U.S. yields continue to show a strong united […]
