GBPUSD Price Analysis – December 27 GBPUSD hit an all-time low of 1.1409 in early March 2020 in response to the coronavirus crisis. Although the pair hit a 35-year low, the pair rebounded and continued to rally amid Brexit hopes, reaching a new 2020 high of 1.3554. The risk remains heightened as long as there […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 The USD/JPY pair has been falling since January. The downward move has been consistent. For example, in January the pair has an opening balance of 108.62. The opening balance has fallen to level 103.66 at the time of writing. There is every indication that […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 In 2020, EUR/GBP is in a sideways trend. In January, it has an opening balance of level 0.8469. In the first quarter, the pair was trading marginally but in March, there was a price spike that reached the high of level 0.9500. This vertical […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 In 2020, the AUD/JPY pair has been in an uptrend. In the first quarter, the pair plunged to level 59.86 low. Immediately the bulls buy the dips as price resumed an upward move. The uptrend commenced in April and was terminated in August because […]
EURJPY Price Analysis – December 25 EURJPY continues to exhibit mixed sideways fluctuations after bouncing off March 2020 lows at 114.39 and has since remained in the range between 118.82 and 127.07, noting that basic channel stability allows for a subsequent breakout of the current barrier. and open the way for recording new positive targets, […]
USDCHF Price Analysis – December 25 Since the beginning of 2020, the current USDCHF rate has stagnated below 1.0027. After trading near parity a year ago, the franc has strengthened since March, when the pandemic increased the willingness to take risks. At the end of the year and in 2021, the most critical event will […]
Price Analysis – December 25 Ranging movement may continue in 2021 within the mentioned level until there is a breakout either at the $4.1 resistance level or $1.8 support level. Above the current price level is found $4.1, $5.4, and $6.8 resistance levels. Below it is $1.8, $0.4, and $0.2 major support levels. Key Levels: […]
AUDUSD Price Analysis – December 24 In early 2021, AUDUSD will be capped at 0.7574/7638 but should hit a 2018 high of 0.8136 by the end of the year. AUDUSD has remained in a clear medium-term uptrend since mid-2020. The lower limit is significant enough to suggest that AUDUSD has the potential to test the […]
EURUSD Price Analysis – December 24 Euro Dollar Exchange Rate – EURUSD is expected to trade at 1.22 and higher in 2021 by the end of this quarter. After COVID-19 disrupted financial markets and the global economy in 2020, the US dollar as a whole has weakened. Participants in the European foreign exchange market hope […]
