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 […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD is in an upward move but it is facing resistance at level 0.6900. The pair will fall if the current resistance holds. On November 11, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that […]
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. The Yen has fallen to level 104.49 at the time of writing. The selling pressure may persist as price breaks below the SMAs. The downtrend is likely to […]
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 selling pressure is likely to continue. Presently, the price has dropped from level 1.0820 […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishRecently, EUR/GBP was earlier in an uptrend as the pair reached a high of 0.9000. The pair is facing rejection at the recent high as the market resumes downward move. The market has fallen and has reached a low of […]
EURUSD Price Analysis – November 16 The market soared on COVID-19 vaccine news in the prior week as EURUSD posts fresh gains and risk-on weighs over the safe-haven greenback early on in the day. EURUSD trades in green in the 1.1850 neighborhood with its upside move staying unabated beyond the 1.1800 level as markets await […]
The AUD/NZD traded with a sideways bias through the early European session on Monday, as the Reserve Bank of New Zealand (RBNZ) left its official cash rate (OCR) unchanged at 0.25% and promised to keep its rates the same until March 2021. The Aussie and the Kiwi traded strongly against other top cryptocurrencies last week […]
XAGUSD Price Analysis – November 16 Silver (XAGUSD) edges higher starting a fresh week, eyes beyond the $25 hurdle amid a broadly mild US dollar, and COVID-19 vaccine optimism. A sharp rally could be in the offing following a breach beyond $25, with a test of the critical $26 barrier inevitable. Key LevelsResistance Levels: $27.62, […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: Bullish The current uptrend was rejected by level 0.6900. It retraced to level 0.6835 and resumed a fresh uptrend. The Kiwi is likely to retest the 0.6900 resistance. The pair will make a further upward move if the current resistance is […]
