GBPJPY Price Analysis – January 20 GBPJPY’s upside march attempts to advance beyond the 142.33 level with a strong impulse to test the higher barrier at 142.71 level. The optimism about the UK’s vaccine campaign and lower cases is strengthening the case for stability in Pounds Sterling. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support Levels: 140.31, […]
EURCAD Price Analysis – January 20 EURCAD selling pressure caused retreats from daily highs of 1.5452, falling towards the mid 1.5300 level. The EURCAD has plunged by 0.35% against the Canadian Dollar since the day’s start. Canadian Dollar and oil stay in the spotlight with BoC rate decision featured as the oil price stays capped. […]
ADA Price Analysis – January 19 In case the bulls increase their momentum and push the price above the resistance level of $0.38, then, $0.42 and $0.50 may be tested. If the price is rejected at the $0.38 level, price consolidation may commence. The support level can be found at $0.34, $0.27, and $0.24 levels. […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY pair has been in a downward move. Since January, the market has been in an upward move. On January 11 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the Yen will […]
USDCHF Price Analysis – January 19 The USDCHF pair retreated around 49 pips from daily highs and is presently placed near the lower range of the trading channel between 0.8920 and 0.8858 levels. The concerns about a surge in COVID-19 cases weighed on sentiment and benefitted the safe-haven CHF. Key LevelsResistance Levels: 0.9304, 0.9187, 0.8998Support […]
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 but it is currently falling. The price has fallen to the previous low of December 9. Nonetheless, on December 10, the pair rebounded and resumed an upward move. Today, there are bullish […]
NEO Price Analysis – January 18 Further increase in the bulls’ momentum may break up the resistance level of $30, which will increase the price to $34 – $40 price level. When the $30 level holds the price, the bears may push down the price to the $25 support level in which $34 and $40 […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishEUR/GBP was in a downward move as price reached the low of 0.8869. On January 15, the pound resumed upward move. The uptrend reached level 0.8969 and pulled back. Meanwhile, the pound has to rise to level 0.9010 to be […]
EURUSD Price Analysis – January 18 The EURUSD has been struggling to recover as it sustains its downside bias to 1.2053 on Monday while still at the lower ground after tumbling last week. President-elect Joe Biden enters the White House on Wednesday and is set to advance his $1.9 trillion stimulus plan – and also […]
