EURJPY Price Analysis – November 20 The EURJPY pair is attempting to close beneath the 123.37 price zone as speculative interest stays trapped between coronavirus outbreaks and vaccine hopes. The pairs selling momentum remains toward the 123.00 level. Key LevelsResistance Levels: 127.07, 125.00, 123.37Support Levels: 122.37, 121.61, 119.31EURJPY Long term Trend: RangingAs seen in the […]
USDCHF Price Analysis – November 20 The USDCHF pair retreated under the 0.9100 level during Friday’s trading session turning south to a low of 0.9091 level. As of writing, the pair was down 0.08% daily at the 0.9104 level. All through the week, USDCHF remains on track to post small losses US Dollar Index gains […]
The EURUSD has rejected the 1.1900-1.1920 zone at least 4 times in the past 2 months giving us the opportunity to sell at the top of the range whilst the DXY is bottoming around the 92.20 mark. We are not forecasting a strong US Dollar in the immediate future, but technically speaking we’re seeing an […]
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 November 12 after a rebound above level 103.30. The pair is approaching the previous support at level 103.30. The selling pressure will resume if the current is broken. The Yen […]
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. The price is making a series of lower highs and lower lows. Presently, the pair is making lower highs. Later the selling pressure will resume. A sell limit can be initiated. Daily […]
Fundamentally speaking we are very bearish on the USD and have been since March-April 2020 when the Coronavirus pandemic pushed global Central Banks to increase their asset purchasing program and their balance sheet to new all time highs. This massive round of Quantitative Easing has weighted heavy on the US Dollar which has devaluated by […]
AUDUSD Price Analysis – November 19 The AUDUSD pair plunges to 4th day in a row low on Thursday after buyers repeatedly failed to breach beyond the 0.7339 barriers, as the dollar rebound amid fresh COVID-19 infections and fading optimism about the vaccine. An additional decline beneath the 0.7200 marks may pave the way for […]
The EUR/AUD traded on a bullish tone above the 1.6250, as the focus moved to the European Union (EU) summit set to hold later today, where leaders will likely push for a coronavirus recovery fund. The Eurozone is on the brink of a renewed economic contraction with the second wave of the Coronavirus sweeping across […]
EURUSD Price Analysis – November 19 Following upside rejections, EURUSD broke under and tests the low level at 1.1816 level creating a fresh buying opportunity at 1.1800 to 1.1816 range. The unremitting advance of the pandemic and its impact on the growth prospects of the euro area boost dollar gains on lockdown fears. Key LevelsResistance […]
