USDCHF Price Analysis – December 3 The USDCHF pair recorded subsequent selling on Tuesday and plummeted to a low of almost fourteen days, underneath the level at 0.9900 in the most recent hour. Key Levels Resistance Levels: 1.0231, 1.0126, 1.0027 Support Levels: 0.9841, 0.9798, 0.9659 USDCHF Long term Trend: Bullish If the FX pair price […]
The trade war which had been between two top economies in the world, US and China had lasted for 17 months in which both countries slapped tariffs on their respective goods and this had raised several concerns of a global recession. In a recent twist of events, it seems there are new additions apart from […]
EURUSD Price Analysis – December 2 Based on the early price action and the current price on the level at 1.1026, the direction of the EURUSD exchange rate for the rest of Monday’s session is likely to be determined by the trader’s reaction to the downward trend scenario. Trading 21 pips lower after the open, […]
Safe-haven currency, Japanese yen always resorted to in times of political and economic uncertainties touched down while AUD and NZD took a reversal trend as market focus shifts to Chinese PMI numbers. Against a basket of currencies, the JPY ranged at a lower price. The JPY, when paired with the USD, had a slight rebound […]
GBPUSD Price Analysis – December 1 The pound had a positive prior week as traders anticipate to build the scenario for buyers to step in, and now it seems likely to continue on the upside. If we can exceed the crucial level on the level at 1.3012, it is likely that the pound sterling takes […]
In the last ten years, the market mood around Swedish krona has been morbid. Krona being the official currency of Sweden has been around since 1876 but banks’ predictions about the currency in the last ten years have been disheartening. The Swedish economy which has faced pressures arising from recession concerns and trade wars has […]
The common European currency appreciated 25 basis points against the Japanese yen on Thursday, while finishing at the 120.54 level, earning 7 pips (0.06%) at low volume. A similar target for buyers may be near the upper side of the horizontal zone limiting at the level at 121.00. Key Levels Resistance Levels: 127.52, 123.37, 121.47 […]
While the week is drawing to a close, let’s take a look at the currencies, market influencing stats released and those already due out with the impacts created. Geopolitics The UK upcoming election has been in focus with a YouGov poll predicting a majority win for conservatives. Earlier on today, any update on the opinion […]
AUDUSD Price Analysis – November 28 AUDUSD depreciated to a session low past the level at 0.6769 and is now challenging the daily lower horizontal zone on the level at 0.6759 which is providing an added line of defense against sellers on the level at 0.6759 – just sitting nearby. Key Levels Resistance Levels: 0.7085, […]
