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 between levels 1.0730 and 1.0850 since December. Today, the price is falling after testing level 1.0840. The pair is falling but has found support above the 50-day SMA. The downward movement will […]
GBP/CHF traded on a sideways momentum in the mid-European session, as the Coronavirus situation in the UK worsens and the prevailing risk sentiment undermines demand for the CHF. The ramping up of the vaccine campaign in Britain and additional stimulus measures could cause the Pound to slide even further. Meanwhile, support for the GBP could […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingThe pound has been in a sideways move since December. Today, the Pound is rising as it fell to level 0.8993. The price action is also choppy. The pound is not trending and the direction is not discernible. Daily Chart […]
EURUSD Price Analysis – January 11 The US Dollar upside correction is gaining traction with the EURUSD pair testing a low level at 1.2166 reflecting a loss of upside momentum as the market registers the lowest level in two weeks. The EURUSD pair has been plunging alongside with increase in US Yields. Key LevelsResistance Levels: […]
XAGUSD Price Analysis – January 11 Silver plunges to $24.34 level, down 1.25% during the early European session trading on Monday. The metal has been pressured for the last four days and is currently in a rebound from the $24.50 horizontal level. Meanwhile, a sustained downside breach will empower the sellers to increase pressure on […]
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. The pair is facing rejection at level 0.7300. On December 17 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The NZD/USD pair will rise to level 1.272 Fibonacci extension and […]
GBPUSD Price Analysis – January 10 GBPUSD continues to grapple with upside momentum in a bid to recover the 1.3600 level while the pair underperformed in the prior week as England returned to a March 2020 style lockdown. The UK entered a harsh lockdown to prevent hospitals from collapsing due to the new virus strain. […]
XRP/USD Market January 10 Further increase in the bulls’ pressure may penetrate the resistance level of $0.36 level; the price may increase to $0.39 and $0.46. In case the resistance level of $0.36 holds, the price may reverse and the support levels of $0.29, $0.20, and $0.16 may be tested. Key Levels: Resistance levels: $0.36, […]
GBPJPY Price Analysis – January 10 In the new week, GBPJPY is likely to retain its upside traction beyond the mid 140.00 level while endorsing positive price action. Earlier GBPJPY has been on the back foot with GBP struggling on lockdown concerns. Key LevelsResistance Levels: 145.00, 142.71, 141.21Support Levels: 139.47, 138.00, 137.00GBPJPY Long term Trend: […]
