AUDUSD Price Analysis – December 3 The AUDUSD pair managed to reverse an early session dip to the 0.7400 level, albeit lacked any follow-through and stays around the recent swing highs. The downtick lacked any obvious fundamental catalyst and was quickly bought into amid a softer safe-haven USD sentiment. Key LevelsResistance Levels: 0.7620, 0.7500, 0.7436Support […]
EURUSD Price Analysis – December 3 EURUSD has maintained an upside rally following the breach above the 1.2100 level and it’s poised to reach the 1.2150 level. The pair has been influenced by two main market drivers from the recent covid-19 vaccine breakthrough and the US fiscal stimulus package. All in all, it seems like […]
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 has broken the resistance at level 77.0 and it is approaching the high of level 78.0. On November 9, a retraced candle body tested the 61.8% Fibonacci retracement level. […]
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 bullish trend has been exhausted as the pair faces rejection at level 1.08600. The pair is yet to trend as it fluctuates between […]
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 downward move 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 […]
GBPJPY Price Analysis – December 2 GBPJPY trades beneath 140.45 level after the EU’s Barnier said that a Brexit deal hangs in the balance and that three issues remain open. The pair trim gains at 140.45 level while easing to 139.33 level, down 0.01% intraday, during the European session on Wednesday. Key LevelsResistance Levels: 142.71, […]
EURCAD Price Analysis – December 2 After the upside breach in EURCAD to 1.5636 early Wednesday’s European session, the price put in an impulsive move lower due to a corrective pullback. Sellers’ activity pushed the EURCAD beneath the 1.5600 level which may be followed by more impulsive buying. The Canadian Dollar was recently boosted by […]
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. Since November 2, the pair has continued its rally as it reaches the high of 0.70659. The Kiwi is trending as it reaches the overbought region of the market. Daily Chart Indicators Reading:The Kiwi […]
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. The market is moving up as the level 103.88 support holds. Presently, there is selling pressure above level 104.60 as each upward move is being rejected. Daily Chart Indicators […]
