Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie moved up and retested level 1.2900. It indicates that the pair is likely to fall. On December 16 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair will fall to […]
GBPJPY Price Analysis – January 6 The GBPJPY pair edged higher through the first half of the European session and refreshed daily highs, around the 140.49 regions in the last hour. The underlying bullish tone undermined the safe-haven JPY and remained supportive as the focus shifts to Pound Sterling. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support […]
EURCAD Price Analysis – January 6 The EURCAD pair sustained its bid tone through the early part of the European session and was last seen hovering beyond the barrier at 1.5609 ends of its recent range. The Euro remained well supported and seemed rather unaffected by the dismal Eurozone data. Key LevelsResistance Levels: 1.6200, 1.5991, […]
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. The index is falling by making a series of lower lows and lower highs. On December 17 downtrend, a retraced candle body tested the 50% Fibonacci retracement level. The […]
USDCHF Price Analysis – January 5 The USDCHF pair refreshed multi-year lows during the early North American session, with sellers now looking to extend the downward trajectory further below the 0.8793 low marks. The downtick was exclusively boosted by sustained US dollar selling as investors remain convinced about the likelihood of more US financial aid […]
The AUD/NZD traded on a sideways momentum in the mid-European session, amid renewed market risk appetite. This year, the Aussie and the Kiwi are expected to perform positively, as they would be bolstered by several factors, mostly hinging on the Coronavirus. Both Australia and New Zealand have shown efficiency in nipping the spread of the […]
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 rejected at level 1.0850 and has fallen to the low at 1.0846. The bulls have bought the dips but were overwhelmed by the bears. The price is above the support of the 21-day SMA. The pair […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe pound has been in a sideways move since December. Today, the Pound is moving upward after falling to the low of level 0.8942. It is unclear whether the upward move will continue as the price continues to fluctuate. Daily […]
EURUSD Price Analysis – January 4 EURUSD continues to rally in an attempt to break higher as bears and bulls tussle around 1.2300. The dollar is losing ground before the opening of the American session. The number of new covid variants registered and the slow spread of the vaccine together with the early elections in […]
