Despite widespread expectations that the Coronavirus crisis in the UK will be depleted soon, the British Pound against the Swiss Franc (GBP/CHF) continues to slide. As expected, the prevailing risk-off mood is benefiting the safe-haven CHF against other currencies. Meanwhile, Britain has seen its coronavirus case-count maintain an upward trajectory since December, despite three national […]
XAGUSD Price Analysis – January 18 Silver (XAG/USD) prices are on the move this week as the white metal rebounds from its recent low of$24.00. Following its price action from the $24.77 opening price, XAGUSD has posted a recent high of $25.16 early in the European session. USD’s rally during the European morning session was […]
GBPUSD Price Analysis – January 17 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. UK PM Boris Johnson announced new travel restrictions starting on Monday. Key LevelsResistance Levels: 1.3800, 1.3700, […]
XRP/USD Market January 17 An increase in the bulls’ pressure may push the price to penetrate the resistance level of $0.28 level; the price may increase to $0.39 and $0.49. In case the resistance level of $0.28 holds, the price may reverse and the support levels of $0.21, $0.17, and $0.15 may be tested. Key […]
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 has resumed a downward move after rejection from level 0.7300. The pair fell to level 0.7100 and corrected upward. The downward move has resumed after breaking below level 0.7200. The price has broken below 21-day SMA and a […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe 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 78.6% Fibonacci retracement level. The retracement indicates that the Yen will […]
EURJPY Price Analysis – January 15 The common European currency has declined versus the Japanese Yen for 6 days in a row at the same time to sub 126.00 level while exiting the week in a negative zone. The currency pair is exchanging under the moving average of 5 and 13. The upside potential against […]
USDCHF Price Analysis – January 15 The USDCHF pair is on the path to probe the 0.8918 December highs. The upside traction awaits a break of 0.8920 barriers and above would open the path towards the mid 0.9000 level. Recent fundamentals of President-elect Biden’s fiscal plan underlines the negative backdrop for USD that lies ahead. […]
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 is in a downward move. The pair is approaching the low of level 0.8800. The market has reached the previous low at level 0.8866. The price has reached the oversold region of the market. Buyers are likely emerge. Daily […]
