XAGUSD Price Analysis – January 4 Spot silver (XAGUSD) is looking to break the $27.50 level as the white metal breaks out of its recent high of $26.77 during Monday’s early European session. Overall, the market remains patchy, but the dollar as a whole is weakening as markets wait to see what happens with US […]
GBPUSD Price Analysis – January 3 GBPUSD has sustained its positive tone into the new year while holding on to gains towards the 1.3665 level, a fresh multi-year high set. The Pounds stays supported by relief after the post-Brexit deal just one week before the end of the transition period. Key LevelsResistance Levels: 1.3900, 1.3800, […]
GBPJPY Price Analysis – January 3 GBPJPY continues with an upside push and closed around the 141.00 ceilings that kept the bulls under control in the past for the second time. The currency was unable to break convincingly above the 141.22 level on confirmation that the Brexit deal had been reached. Key LevelsResistance Levels: 147.95, […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishThe Kiwi has resumed a downward move after testing level 0.72409. The index has fallen to a low at 0.7187. On December 17 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The NZD/USD pair will rise to […]
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 28, the pair made a lower high to retest level 103.80 and resume […]
Price Analysis – January 01 Should the bears have enough momentum to break down the support level of $2.4, then, the price will be exposed to the $2.1 and $1.8 support levels. In case the bulls prevail over the bears, the resistance level of $2.7 will be penetrated and the price will increase to $3.0 […]
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 is presently falling in a downward move. The pair was earlier making a correction when it was rejected at level 0.91000. The downtrend will reach the previous low at level 0.8880. Daily Chart Indicators Reading:The 50-day and 21-day […]
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 price has broken the resistance at level 78.00. On December 17 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair is likely to […]
EURUSD Price Analysis – December 31 Buyers of EURUSD are returning to the 1.2300 area at the start of the last day of 2020, however, due to the absence of any new fundamental catalyst, buyers took a short pause and refrained from new heights amid low trading volumes at the end of the year. EURUSD […]
