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 pair has risen to 1.0827 but was resisted. The price retraced to level 1.0799 and resumed an upward move. On February 1 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BullishThe Loonie is making an upward move. Since on January 28, the price could not break above level 1.2850. In the meantime, the pair is trading below the resistance level. A break above the resistance will signal the resumption of […]
GBPJPY Price Analysis – February 3 GBPJPY has been in a declining move over the last couple of days after the upside rally towards the recent high of 144.09 dwindles further beneath 143.69 level as of today’s European session. The market expects further JPY strength which is not due to a negative view on global […]
EURCAD Price Analysis – February 3 The EURCAD’s lower break of 1.5422 level by sellers now confirms the resumption of the whole decline from 1.5979 towards the mid 1.5300 level. The EURCAD pair had slipped underneath the 1.5400 early during the European session as Loonie stays firm on the oil price surge. However, the primary […]
XRP/USD Market February 02 If the bulls were able to increase their momentum and break up the $0.39 level, then, $0.49, $0.62 will be the next target. Should the resistance at $0.39 holds, the price may continue consolidating at the $0.39 level. However, below the current market price are $0.28, $0.21, and $0.17 support levels. […]
USDCHF Price Analysis – February 2 The USDCHF for the 3rd day in a row continues to move with an upward surge toward the 0.9000 level. In doing so, the pair marked reversal from the sub 0.8900 zones as the US dollar index extends rally beyond 91.00 giving a boost for the USDCHF pair. Key […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishThe Kiwi is fluctuating between levels 0.7100 and 0.7300. Following its rejection at level 0.7300, the pair has been fluctuating since January 6. The Kiwi will resume an uptrend if level 0.7300 is breached. Meanwhile, the market is consolidating above […]
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 rally. On January 11 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates the Yen is likely to rise to level 2.0 Fibonacci extensions. This is the high of level […]
ADA Price Analysis – February 02 Should the bulls further increase their momentum and push the price to break up the resistance level of $0.43, then, $0.50 and $0.59 may be tested. In case the price is rejected at the $0.43 level, the price may reverse. The support level can be found at $0.38, $0.33, […]
