AUDUSD Price Analysis – November 13 AUDUSD hovers around the 0.7226/31 range, bouncing off a one-week low of 0.7226 level, at the beginning of Friday’s session. The Australian dollar price remains depressed by a dismal market mood, and a receding optimism on the COVID-19 vaccine exerting pressure as the USD recover some ground. Key LevelsResistance […]
EURUSD Price Analysis – November 13 The EURUSD edged higher in the prior session as bears and bulls stay on the sideline at the 1.1800 marks. The dollar, however, recovered some ground ahead of the close. The number of newly reported coronavirus cases is growing exponentially, and the health systems are stressed in Europe. Key […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishEUR/GBP rebounds above level 0.8900. The pound is rising as it approaches level 0.9000. The pair is likely to face resistance at level 0.9000. A break above levels 0.9000 and $0.9050 will accelerate price movement. Daily Chart Indicators Reading:The 50-day […]
The USDCAD bounced back from the December 2019 lows on Monday and has rallied 180 pips in a pullback move to retest the previous lows. This level confluences with the 50% retracement of the previous bearish move, a retest of the current bearish structure and the psychological resistance at 1.3100 If this level holds and […]
The EUR/AUD traded on a bullish tone in the early European session on Thursday, amid growing numbers of Coronavirus cases across the Eurozone. Global equity markets have been on a bull run this week following an upbeat COVID-19 vaccine announcement from pharmaceutical giant Pfizer (NYSE: PFE) and their German associate, BioNTech (NASDAQ: BNTX). However, the […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair is in an upward move. The Yen is in a sideways move after being resisted at level 77.03. On November 9 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. It indicates that the Yen […]
This article was originally written in 2015 and was later published in the book “Unlock Your Potential With the Realities of Trading.” It is reproduced here for readers to understand what really happened to CHF pairs that year and why it was unprecedented. You will also understand why risk control is very important. “…One can […]
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 fallen to the low at 1.0672 and it rebounded. The rally continued to the high of level 1.08100. The pair is facing resistance at the recent high as the price retraced to level 1.0795. The uptrend is […]
GBPJPY Price Analysis – November 11 The GBPJPY surge past the key 140.00 psychological marks while maintaining strength towards two-month highs during the early European session. GBPJPY continued gaining traction for the 3rd day in a row on Wednesday. Refreshed optimism for a Brexit deal boosts the British pound, while the upbeat market mood suppressed […]
