The EUR/AUD continued on a bearish decline in the early European session on Thursday, as the risk-backed Aussie soars amid efforts by the ECB to weaken the Euro. ECB Governing Council Member Oli Rehn reiterated comments made by other ECB members—like President Christine Lagarde, Francois Villeroy de Galhau, and Philip Lane—that ‘jawboned’ the EUR. Comments […]
BNBUSD Price Analysis – December 31 In case the sellers were able to push the price below the support level of $37 and the daily candlestick close below the level, then, the price may decline further to test $31 and $27 support level. Inability to break down the support level of $37, the bullish trend […]
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 continued its upward move. The pair fell to level 0.7000 but resumed upward shortly. On the uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The NZD/USD pair will rise to level 1.272 Fibonacci extension […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishEUR/CHF is making an upward move. The uptrend is facing resistance at level 1.0860. The daily candlestick is having long wicks indicating that there is strong selling pressure at higher price levels. On December 17 uptrend; a retraced candle body […]
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 has been in a downward move. The downtrend is likely to continue. On December 14 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair will fall to level 1.618 Fibonacci […]
GBPJPY Price Analysis – December 30 The British pound has staged a strong bounce back against the Japanese Yen, with the pair recovering back above the 140.00 marks. The underlying upside sentiment undermined the safe-haven JPY and remained supportive of the British Pound. Key LevelsResistance Levels: 142.71, 141.21, 140.31Support Levels: 139.47, 138.00, 137.00GBPJPY Long term […]
EURCAD Price Analysis – December 30 EURCAD probes intraday high around 1.5737 level and retreats to 1.5677 level as buyers continue to hold price ahead of 1.5600 level for the 4th day in a row on Wednesday. A modest uptick in oil prices supported the Canadian dollar and added to the selling bias. Meanwhile, a […]
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 continued its upward move. The pair fell to level 0.7000 but resumed upward shortly. The kiwi has risen to level 0.7183 after breaking level 0.7100. The uptrend will continue if the bullish momentum is sustained above level […]
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. Today, the market has fallen to level 103.30. The current price level is falling after being rejected at level 103.80. Daily Chart Indicators Reading:Presently, the SMAs are sloping downward […]
