Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move since June. Presently, the pair is moving up. Later, the downward move will resume. The price will reverse once it e reaches level 104.40. Daily Chart Indicators Reading:Presently, the SMAs are […]
USDCHF Price Analysis – December 22 The USDCHF pair to 0.8900 level in the prior session returns 0.8845 low today while erasing earlier gains. The pair stays pressured in a tight range and is unable to preserve its momentum amid a lack of significant fundamental drivers. As of writing, the pair remains flat on the […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair has risen to level 1.0850 and it is facing resistance at the recent high. Today, the pair tested the resistance and was repelled. Since July the resistance level has not been broken. There is a likelihood of further […]
The AUD/NZD maintained a bullish momentum through the trading session on Monday, amid a risk-off market mood. The declining risk mood seen at the start of the week has put the Aussie and the Kiwi on a backfoot against other major currencies. The risk sentiment got triggered by fears over the newly-found strain of the […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe pound is in a strong uptrend. It has broken the previous resistance levels and it is approaching the high of level 0.9150. On December 15, a retraced candle body tested the 50% Fibonacci retracement level. It indicates that the […]
EURUSD Price Analysis – December 21 EURUSD fell below the 1.22 level and some subsequent selling could accelerate the corrective fall towards 1.2100. The resumption of the decline in major currencies may be associated with a rebound in the rally in the US dollar against its major counterparts. The US dollar index opened the week […]
XAGUSD Price Analysis – December 21 Silver (XAG/USD) prices are on the move this week as the white metal breaks out from its recent range. Following its price action from the $25.80 opening price, XAGUSD has posted a recent high of $27.41 during the European session. USD’s rally during the European morning session was suppressed […]
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 has continued its upward move. The Kiwi has broken the resistance at level 0.7100. A retraced candle body tested the 78.6% Fibonacci retracement level. The resistance indicates that the Kiwi will rise and reach the level of 1.272 […]
GBPUSD Price Analysis – December 20 GBPUSD maintained a positive tone last week, with sellers making a fresh attempt to continue selling beneath 1.3500 in the previous session. Meanwhile, the GBPUSD pair is up nearly 2.25% in the last week due to the pending Brexit trade. Key LevelsResistance Levels: 1.3750, 1.3700, 1.3624Support Levels: 1.3482, 1.3400, […]
