Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishEUR/GBP has been trading marginally in a downward move. The market has not shown significant price movement. On January 14, downtrend, a retraced candle body tested the 88.6% Fibonacci retracement level. The retracement indicates that the pair will fall to […]
The GBP/CHF traded on a sideways momentum in the mid-European session on Monday and was last spotted trading at 1.2128, as the pound came under renewed pressure. One of the major factors weighing the pound down is the UK’s delay in distributing the second jab of the COVID-19 vaccine. The world’s leading nation in mass […]
EURUSD Price Analysis – January 25 Earlier on Monday fresh optimism propelled the EURUSD to the 1.2183 level with some retreats to the 1.2140 mark for further positive traction as the pair acts to preserve its intraday gains. The pair met fresh supply on downbeat German IFO data, heading past the prior day’s low at […]
XAGUSD Price Analysis – January 25 The precious metal market is mixed as Silver (XAGUSD) bulls and bears tussle into a phase of consolidation at the mid $25.00 level, having rebounded from prior sessions plunge to the $25 mark. Markets are on the rise as the Biden administration pushes for stimulus ahead of the Fed […]
GBPJPY Price Analysis – January 24 GBPJPY is confronted with sellers’ pressure as it stays constrained beneath 142.00 level and exited the prior session at around the 141.96 marks. The pair dumps after being weighed by the ongoing uncertainty about COVID-19 resurgence adding negative pressure to the pound sterling. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishThe Kiwi is in an uptrend but it is retracing to the previous high. Today, the Kiwi is falling after retracing from the recent high of 0.7200. The pair may revisit the previous lows of level 0.7100 and 0.7150 before […]
BNBUSD Price Analysis – January 22 An increase in the sellers’ pressure may push the price below the support level of $36 and the daily candlestick may close below the level, the price will decline further to test the $31 and $27 support level. Inability to break down the support level of $36, the bullish […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe pair has resumed an upward move. The uptrend is ongoing. On January 11 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the USD/JPY will rise and reach level 1.618 Fibonacci extensions or […]
EURJPY Price Analysis – January 22 EURJPY remains bid in the upper end of the recent range beyond 126.00 level while renewing its upside bias towards the level at 127.07. The pair’s upside move continues at the end of the week against the backdrop of the prevailing risk appetite trend in the global markets. Key […]
