Key Resistance Levels: 1.1000, 1.1100, 1.1200Key Support Levels: 1.0600, 1.0500, 1.0400In 2020, the EUR/CHF pair has been in a downward move. In May, the bulls took charge as the market resumed its upward move. The pair has moved from the low of 1.0508 to 1.0871. There are chances of a further upward move in 2021. […]
Key Resistance Levels: 1.4400, 1.4600, 1.4800Key Support Levels: 1.3400, 1.3200, 1.3000 In 2020, the USD/CAD pair has been trading in a bear market more often than the bull market. In the first quarter of 2020, the Canadian dollar has been very strong as the price reached a high of 1.4500. The monthly candlestick in March […]
GBPJPY Price Analysis – December 23 The Japanese Yen is without much love heading into 2021 Global stimulus eroding market volatility. As of December 2020, the current rate of GBPJPY is around 136.78 to 140.70 levels and data indicates that the currency rate has been stagnating for the past 1 year in a range. This […]
EURCAD Price Analysis – December 23 At the beginning of the 2020 year, the EURCAD rate opened with a conservative value at 1.4561 level and since then it has sustained its upward momentum until it reached the multi-year barrier at 1.5991 which saw its upside traction stalled. The euro has become pretty weak on Christine […]
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. Presently, the Kiwi is retracing after rejection at level 0.7100. The pair is in a downward move and it is approaching level 0.70413. The price has broken the 21-day SMA which suggests the […]
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. Presently, the pair is moving up. Later, the downward move will resume. The price will reverse once it e reaches level 104.40. Daily Chart Indicators Reading:Presently, the SMAs are […]
USDCHF Price Analysis – December 22 The USDCHF pair to 0.8900 level in the prior session returns 0.8845 low today while erasing earlier gains. The pair stays pressured in a tight range and is unable to preserve its momentum amid a lack of significant fundamental drivers. As of writing, the pair remains flat on the […]
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 1.0850 and it is facing resistance at the recent high. Today, the pair tested the resistance and was repelled. Since July the resistance level has not been broken. There is a likelihood of further […]
The AUD/NZD maintained a bullish momentum through the trading session on Monday, amid a risk-off market mood. The declining risk mood seen at the start of the week has put the Aussie and the Kiwi on a backfoot against other major currencies. The risk sentiment got triggered by fears over the newly-found strain of the […]
