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 June. For the past two days, the Yen has been correcting upward against the downward move. If the Yen breaks the SMAs, the upward move will continue. The uptrend is […]
EURJPY Price Analysis – January 8 The EURJPY cross trades on the defensive after sellers overpowered buyers at 127.50 level. Everything being equal, the EURJPY exchange rate could continue to range during the following trading session. Key LevelsResistance Levels: 128.67, 127.50, 127.07Support Levels: 126.00, 125.00, 123.90EURJPY Long-term Trend: BullishThe exchange rate fell from 127.50 barriers […]
USDCHF Price Analysis – January 8 USDCHF eases from 0.8884 high, also the intraday top, to 0.8847 during early Friday. Even so, the quote prints 0.06% gains on a day while maintaining mild gains at the upside. USDCHF is trading around 0.8858 as rising US yields boost the dollar. Tension mounts toward US Nonfarm Payrolls […]
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 has been in a sideways move since December. Today, the Pound is falling but in lower lows and lower highs pattern. The pound has made lower highs and it is falling. Perhaps it will fall and break below […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe pair is now in an upward move. The pair has risen to level 80.65. On December 31 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair is likely to rise to1.618 […]
AUDUSD Price Analysis – January 7 The AUDUSD pair edged lower through the European session into the American session and registered daily lows around the 0.7725 zones in the last hour. The pullback was exclusively supported by a solid US dollar rebound and dragged the pair further below mid-0.7700s. Key LevelsResistance Levels: 0.8136, 0.8000,0.7800Support Levels: […]
EURUSD Price Analysis – January 7 EURUSD turns negative after the 3rd day in a row upside thrust and stays beneath 1.2350 amidst a moderate recovery of the dollar on Thursday. The upside remains capped by the renewed strength in the US Treasury yields across the curve amid stimulus hopes. Key levelsResistance Levels: 1.2413, 1.2350, […]
The EUR/AUD traded on a sideways momentum around 1.5835 on Thursday, amid chaos in US Capitol. The Euro has been largely influenced by movement in rival currencies. However, the Eurozone’s upbeat economic recovery outlook continues to steady the currency against drastic fluctuations in rival currencies. Meanwhile, this week’s EUR/AUD price movement has been directed by […]
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 been in a sideways move between levels 1.0730 and 1.0850 since December. The EUR/CHF is in an upward move. The price has reached level 1.0830 resistance zone. A downward move is expected. Daily Chart Indicators Reading:The pair […]
