USDCHF Price Analysis – January 22 The US dollar retreated against the CHF and may become more broad-based at the end of the week. As a result, USDCHF sellers seem to storm a retest of low regions comprising multiple levels to Jan 6 low around 0.8757 level. The dollar weakens as investors keep a tab […]
Price Analysis – January 21 When the daily bearish candle closes below the $2.7 level; the price may decrease to $2.4, $2.1 and $1.7. In case the bulls defend the support level of $2.4, the resistance level of $2.7. $3.0 and $3.3 may be the targets. Key Levels: Resistance levels: $2.7, $3.0, $3.3 Support levels: […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishSince January 7, EUR/GBP has been falling and it has reached the low of level 0.8851. On January 14, downtrend, a retraced candle body tested the 88.6% Fibonacci retracement level. The retracement indicates that the pair will fall to level […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishAUD/JPY is now in an upward move. The pair is rising above level 79.00. On January 8 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will rise and reverse at level […]
AUDUSD Price Analysis – January 21 AUDUSD remains steady past mid 0.7700 amid the Aussie jobs report Australia’s dollar edged higher on Thursday and remains steady past the mid 0.7700 level while extending the upside bias towards the 0.7800 level. The Aussie got an additional boost following the release of domestic employment details as the […]
EURUSD Price Analysis – January 21 EURUSD continues to rally in an attempt to sustain its break higher past 1.2150 level as buyers maintain upside sentiment. The pair reacts to the latest ECB policy statement on rates which sparks volatility amongst EUR pairs. Key LevelsResistance Levels: 1.2554, 1.2350, 1.2214Support Levels: 1.2050, 1.1900, 1.1602EURUSD Long term […]
The EUR/AUD is starting to gain some bullish momentum, following a retest and rejection from the 1.5600 support level and a bullish Euro. The European Union (EU) reported yesterday that the Euro Area Inflation Rate dropped by 0.3% YoY in December, while the Core Inflation Rate rose by 0.2%—fulfilling analysts’ forecasts. Meanwhile, prices remained weakened […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingThe pair has been in a sideways move. The price has been fluctuating between levels 1.0740 and 1.0860. On January 15, the market fell to the low 1.0750. It is assumed that an upward move is likely. Since December the […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie is likely to continue its downward move. The recent upward move has been repelled by the 21-day SMA. Presently, the pair is falling and has fallen to the low of 1.2690. The loonie may reach the low of […]
