In the last few weeks, the trade talks between the US and China had been major headlines of the news report. The trade talks between the two giant economies have been mystique with a lot of speculations. Investors have held hopes in previous times about it being resolved quickly when both countries came out to […]
AUDUSD Price Analysis – November 21 Over the past 24 hours, the Australian dollar has depreciated by approximately 44 basis points versus the US dollar. The currency pair crossed the lower horizontal zone on the level at 0.6810 during yesterday’s trading session. Key Levels Resistance Levels: 0.7205, 0.7085, 0.6929 Support Levels: 0.6769, 0.6710, 0.6670 AUDUSD […]
There have been so many speculations about the ongoing trade talks between the United States and China. The worries heightened when the US passed a bill to support human rights in Hong Kong while also passing a second bill to stop the export of certain ammunitions to the Hong Kong police. This move didn’t go […]
GBPJPY Price Analysis -November 20 During the last one month, the GBPJPY’s price has traded on the upside between the horizontal level at 141.50 and the level at 138.88 while testing the top and the bottom of the formed channel in a sideways trend. However, in today’s trading session, the FX pair has broken below […]
Previously in the news, it was recalled that US-China top officials had a video conferencing call in which observers termed as a constructive one. Many saw this as a dim light in a tunnel although the final say depended on president trump. Investors entered the week been hopeful even though US threat on slapping more […]
USDCHF Price Analysis – November 19 The FX pair moved past the moving average 5 and 13 while breaking the horizontal zone on the key level at 0.9911 early during the European session, but could not sustain the momentum. As at the time of composing, USDCHF dived again below the key level at 0.9911. The […]
In the news this week is the report filtering in about the progress made in US-China trade talks over the weekend. Reports indicate a video conferencing between top US trade officials and a Chinese top government official over the weekend. Though the details of the conference call are yet to be finalized, this has sparked […]
EURUSD Price Analysis – November 18 The bulls had full control today, moving the market up during the entire European session as the FX pair confirmed its breakout past the high of the prior session after trading up to 1.1068 above during the day. Key Levels Resistance Levels: 1.1501, 1.1412, 1.1278 Support Levels: 1.0989, 1.0879, […]
GBPUSD Price Analysis – November 17 Cable advanced past the level at 1.29 handle on the lower dollar after economic release for the U.S and the recent Brexit Party news gave a boost to the pair while holding firmly over the moving average 5 and 13. Key Levels Resistance Levels: 1.3301, 1.3185, 1.3012 Support levels: […]
