EURUSD Price Analysis – November 23 The EURUSD declines sharply from the 1.1900 area to the 1.1800 level, hitting the lowest level in two weeks. As of writing, it trades at 1.1815, 40 pips lower than the prior week’s close. The US dollar surge across the board after US data indicates economic recovery. 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: RangingThe pair has risen to level 1.0822 and it is facing resistance at the recent high. EUR/CHF is in a sideways move below the overhead resistance. The pair will move up to level 1.0850 if the current resistance is broken. […]
XAGUSD Price Analysis – November 23 Silver price rose to $24.39 level, up 0.32% intraday, amid Monday’s trading session. In doing so, the white metal battles the $24.50 barrier as market hopes for fiscal support. XAGUSD trades sharply beneath highs made at the start of the European session but holds onto decent gains on the […]
The US dollar just broke with the previous 3 week lows (yellow line) to retest the 92.00 level in the European trade session. The US Dollar bearish pressure is still heavy at these levels but the true make it or break it level is the 91.75 which is the September 20th lows and the […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishSince September, the EUR/GBP pair has been falling. On November 13, the selling pressure resumes as the price fell to a low at 0.8890. The pound is expected to further depreciate. Daily Chart Indicators Reading:The 50-day and 21-day SMAs are […]
The AUD/NZD traded on positive in the early European session, following the release of positive data from Australia on Friday. The Commonwealth Bank of Australia’s (CBA) released better-than-expected preliminary Manufacturing PMI readings for November. As a result, the Composite PMI saw a decent boost as well. Also, the ASX 200 extended additional support to the […]
GBPUSD Price Analysis – November 22 GBPUSD regains lost ground and pushes through upside barriers to reach levels towards the 1.3300 level. The GBPUSD has continued its upward advance, buoyed by a more upbeat view about the outcome of the negotiations on Brexit Progress. Key LevelsResistance Levels: 1.3514, 1.3482, 1.3313Support Levels: 1.3260, 1.3106, 1.2881GBPUSD Long-term […]
GBPJPY Price Analysis – November 22 The GBPJPY is stuck within a tight range after recovering from early selling pressure during the prior trading day at 137.50 level. The cross was last seen trading with modest daily gains, around the 137.92 regions. GBPJPY drifted higher on the back of encouraging vaccine news and Brexit hopes […]
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 and has broken the resistance at level 0.6900. The price has risen to level 0.6927. On November 11, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the Kiwi […]
