Gold has broken with an immediate bullish structure printing a head and shoulders pattern in the process. This is interesting because the head of the pattern picked right at the retest of the mid-term bearish structure and the critical level 1876. Now that we have confirmation of a possible bearish continuation in Gold and more […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishThe pair has risen to level 1.0785 and it is facing resistance at the recent high. On December 10 downtrend, A retraced candle body tested the 78.6% Fibonacci retracement level. It indicates that the pair will fall and reverse at […]
The AUD/NZD traded on a sideways momentum through the early trading hours on Monday, as it struggled to break the 1.0650 resistance. At press time, the forex pair is trading at 1.0649, up by 0.07% on the day. Job advertisements in Australia rallied for the seventh consecutive time in November, as the country’s second-most populous […]
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. The price has retested the resistance at level 0.9200 and pulled back. The bulls are still pushing […]
GBPUSD Price Analysis – December 13 GBPUSD continued weakness under the 1.3260 level may see the pair being sold towards the 1.3000 level. A nerve-wracking weekend concludes with growing fears Brexit talks could collapse. The Brexit saga lives on, promising a high dose of action. Key LevelsResistance Levels: 1.3700,1.3514, 1.3313Support Levels: 1.3200, 1.3000, 1.2813GBPUSD Long […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD has continued its upward move. The uptrend is facing resistance at level 0.7100. A retraced candle body tested the 88.6% Fibonacci retracement level. The resistance indicates that the Kiwi will rise and reach level 1.1129 Fibonacci extension. The Kiwi […]
EURJPY Price Analysis – December 11 EURJPY has plunged sharply after increasing towards 126.61 level. The currency pair breached the 126.00 mark level during Friday’s trading session. EURJPY has been grinding lower after the ECB decision and Villeroy’s comments on the euro exchange rate. Key LevelsResistance Levels: 127.50, 127.07, 126.68Support Levels: 126.00, 125.00, 123.90EURJPY Long-term […]
USDCHF Price Analysis – December 11 The USDCHF pair declined to its lowest level around the level at 0.8851 on Friday but presents a rebound during the American session. The selling pressure surrounding the US Dollar Index (DXY) is reflecting the broad-based USD weakness resulting in further weakness for the USDCHF pair. Key LevelsResistance Levels: […]
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. The price has been falling from level 105.50. On November 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the Yen will […]
