From the open on Sunday we had 2 possible scenarios on the NZDUSD. Both were long plays, with the first one being a retest of the bottom of the range at the 0.7060 level. This didn´t play out since the NU opened and rallied to the top of the range. The second scenario (as explained […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe pound has been falling for the past three days. It fell to level 0.89800 and pulled back. The current support is having strong buying pressure. It appears the selling pressure has been exhausted. Daily Chart Indicators Reading:The 50-day and […]
The EUR/AUD traded on a bearish momentum in the European session on Thursday, as volatility across markets picks up. Negotiations between the European Union and the UK over a Brexit trade deal appears to be making good progress. However, both sides remain adamant over the fishery sector, a sensitive issue for both parties. Nonetheless, the […]
AUDUSD Price Analysis – December 17 The AUDUSD propels to a session high past 0.7620 during the European session while extending its four-day in a row winning traction. The US stimulus progress is responsible for the US dollar’s slide and may be mainly attributed to the optimism over the progress on a US $900 billion […]
EURUSD Price Analysis – December 17 The major European currency rose to a new 2020 high, surpassing 1.2220 during the London session, continuing its gains for four days in a row. A combination of supporting factors pushed the pair towards the 1.2200 marks, such as progress in stimulus talks and Brexit talks, which are responsible […]
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 is gradually making an upward in a sideways trend. On December 1, the uptrend was resisted at level 1.0850. The pair fell to level 1.0760 and resumed upward. EUR/CHF is moving up but faces resistance at level 1.0800. […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie has been in a downward move. The downtrend is likely to continue. On November 9 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair will fall to level 1.618 Fibonacci […]
GBPJPY Price Analysis – December 16 GBPJPY increases at the day’s start, up 0.08% intraday, as markets in the European session continues rev for Wednesday’s trading. The buying interest around the British pound picked up the pace and propelled the GBPJPY cross to two-day highs around the 139.79 regions. Britain and the European Union agreed […]
EURCAD Price Analysis – December 16 EURCAD is currently trading between moving average 5 and 13 after a bounce past the 1.5500 level during the European session on Wednesday. CAD appears to have received dents from comments of the BOC deputy governor that economic recovery is at a very difficult stage as rising Covid-19 infections […]
