EURUSD Price Analysis – December 11 EURUSD continues its upward movement with decent gains, approaching the previous daily highs in the area of the 1.2150 level. The pair recorded a high at 1.2143 during the exit of the American session and after all the events at the ECB. The European Central Bank (ECB) has added […]
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 pair is likely to face resistance at level 0.9200. Daily Chart Indicators Reading:The 50-day and 21-day […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair is now in an upward move. The pair is in a strong uptrend. On November 9, a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair is likely to rise to […]
The EUR/AUD traded on a bearish momentum on Thursday as bears gain the upper hand. The European Central Bank (ECB) has alluded through posturing that it is set to “recalibrate its instruments” in today’s meeting. That said, we are likely to see a EUR500 billion increase in PEPP, which will be used to bolster monetary […]
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 1.0850 and it is facing resistance at the recent high. On December 2, the pair faced rejection at the recent high. The market has been on a downward move after the rejection. The price […]
GBPJPY Price Analysis – December 9 GBPJPY rallies to new weekly highs at the start of the American session, gaining steady positive traction breaking the 140.31 barriers. Optimism for the COVID-19 vaccine has eroded the yen as the Brexit deal gave a strong boost to the British pound. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support Levels: […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD has been in a downward move. The downtrend is likely to continue. On November 9 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair will fall to level 1.618 Fibonacci extensions. […]
EURCAD Price Analysis – December 9 EURCAD has come under renewed selling pressure, falling back towards the sub 1.5500 level. The common European currency has plunged by 0.29% against the Canadian Dollar since the day’s start. The central event in both the US and Europe is the outcome of the stimulus budget fights except CAD […]
ADA Price Analysis – December 09 Further increase in the bears’ pressure may push the price to reach the support level of $0.1; below this level is the $0.10 support level. Should the support level of $0.13 holds, then, ADA will be confronted with the resistance levels at $0.16, $0.17, and $0.19. ADA/USD Market Key […]
