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 […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishThe AUD/JPY pair is in a downward ward move after retesting level 77.00 twice. After the breakdown, the pair retested level 76.50 and resumed the downward move. The selling pressure has continued on the downside. Daily Chart Indicators Reading:The 21-day […]
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 risen to level 1.0820 and it is facing resistance at the recent high. The recent high has not been broken since September. The price is fluctuating below the recent high. The downtrend will resume if price breaks […]
GBPJPY Price Analysis – November 18 GBPJPY extends recovery from 137.84 level to around 138.05 level during the European session on Wednesday. Although the GBPJPY buyers’ anticipation of a Brexit deal, cautious sentiment ahead of October’s UK CPI, and the coronavirus (COVID-19) woes push for the immediate upside momentum. Key levelsResistance Levels: 144.95, 142.71, 140.31Support […]
EURCAD Price Analysis – November 18 The common European currency has surged by 11 pips or 0.83% against the Canadian Dollar since the day’s start. The EURCAD pair tested the upper channel and breached beyond the horizontal barrier at 1.1550 level. Euro’s recent strength is also worth a note, while CAD is partly weighed down […]
XRP/USD Market November 18 The increase in price to break up the key resistance level of $0.30 may increase the price to $0.33 and $0.36 resistance levels. On the other hands, the penetration of $0.26 downside may decrease the price to $0.25 and $0.23 levels Key Levels: Resistance levels: $0.30, $0.33, $0.36 Support levels: $0.26, […]
Trading is difficult at the best of times. The bulls and bears which dominate market movements are often difficult to predict. This invariably highlights the need for accurate forecasting and analysis vis-a-vis volatility, pricing, and demand. The world’s most actively traded market – currencies – eclipses stocks trading by a huge margin. Estimates suggest that […]
USDCHF Price Analysis – November 17 The USDCHF currency pair was in decline today, taking the price down to reach a lower level at 0.9100. The pair’s eyes further move lower as it looks to extend its broader downside pressure. The Swiss franc is vulnerable within the G10 complex and facing challenges as global risks […]
