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 […]
The GBPUSD has hit a massive level (previous base right at the 1.33 inside a reversal pattern. The increase in QE by the BoE remains our main bearish factor but constant Brexit negotiation news might bring some volatility into this market. Should the Pound break our key levels against the USD we could see price drop sharply to the bottom […]
EURCAD Price Analysis – November 11 The EURCAD pair is losing a major part of its prior day recovery gains and was last seen hovering near the lower end of its daily trading range, around the 1.5370 level. It stays constrained in sideways trading beneath the 1.5430 level and above the 1.5300 level. The weaker […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD is in a downward move. The downtrend has reached bearish exhaustion. On November 9 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. This implies that the pair will fall to level 1.272 Fibonacci extensions and later […]
USDCHF Price Analysis – November 10 Despite USDCHF plunge to its lowest level in recent times below 0.9000, the pair posts an impressive rebound to 0.9175 level. As US Dollar Index climbs further on Tuesday, the pair continues to push higher and the risk-on market at the start of the week made it difficult for […]
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 now making an upward move. The price has broken the resistance at 0.6800 high. On October 27 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. It indicates that the Kiwi will rise and reach level […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY pair has been in an uptrend. The Yen is retracing after reaching the high of level 105.64. The retracement will persist if the price breaks below the SMAs. On the other hand, if the price finds support, 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 fallen to the low at 1.0672 and rebounded. The price has broken through the previous resistance level. The rally reached the high of level 1.0776. The uptrend is likely to continue as price breaks above the SMAs. […]
The AUD/NZD traded in a tight range between 1.0685 and 1.0725 in the mid-European session on Monday and was last spotted trading at the 1.0725 resistance. On Friday, Australia released its AIG Performance of Services Index, which showed a decent improvement from 36.2 in September to 51.4 in October. Meanwhile, the Aussie recorded a short-lived […]
