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 is in an upward move. The pair rallied to level 0.7100 but faced rejection at the recent high. The Kiwi retraced and found support above level 0.7000. The support at level 0.7000 is likely to hold because of an […]
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 June. Since December 4, the Yen has resumed an upward move. The upward move is facing resistance at the 21-day SMA. A break above the 21-day SMA will accelerate price […]
USDCHF Price Analysis – December 8 USDCHF is trading around the level at 0.8892 having traveled between a range of 0.8914 and 0.8887 level on the day so far. The pair has plunged to its lowest level in 5 years at 0.8885 level as US Dollar Index clings to modest gains near 91.00. Key LevelsResistance […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair has risen to level 1.0822 and it is facing resistance at the recent high. The price is falling and has reached the low of 1.0790. The selling pressure is likely to continue as it has broken the SMAs. […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe pound is falling and in a downward move. Today, the price rallied to 0.9150 and declined sharply. There is the appearance of a long wick on on the candlestick. This long wick indicates there is strong selling pressure at […]
The AUD/NZD traded on a slightly bearish tone in the early European session on Monday, as it retreated from last week’s bull run. Earlier today, China published its Trade Balance for November, which beat market expectations of $53.5 billion and came in at $75.4 billion. Also, the country reported that its Exports rose by 21% […]
EURUSD Price Analysis – December 7 The major European currency adds to prior session corrective downside and takes EURUSD to fresh lows in the sub-1.2100 area. EURUSD appears to be fading after its upside run halts under barrier 1.2150 level. The pair is off its highs could extend its downward correction. Key LevelsResistance Levels: 1.2350, […]
XAGUSD Price Analysis – December 7 The shinning metal settled beneath the $24.50 level from the prior session into Monday’s European trading session with some modest declines. A sideways range is emerging as a result of Silver prices trading between the $26.00 and the $21.66 levels for the moment. XAGUSD prices trade under the $24.00 […]
GBPUSD Price Analysis – December 6 The GBPUSD is trading under the 1.3500 marks after the pair lost upside traction in the prior session. The pervading sentiment suggests there is still some downside move before the pair advances again. Vaccine talks are all the rage these days followed by a Brexit deal as the market […]
