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 […]
EURUSD Price Analysis – November 9 EURUSD is off the highs as the pair retreats and stays beneath the 1.1900 level. The upbeat Eurozone Sentix data offered some temporary boost to the bulls but not enough to take out the 1.1900 resistance. Markets are eyeing further responses and coronavirus headlines. Key LevelsResistance Levels: 1.2011, 1.1917, […]
XAGUSD Price Analysis – November 9 The price of silver has presented a buying opportunity to near term investors as XAGUSD set eyes on an upside extension beyond the $26 key barrier. Silver remains in its tight price channel despite an upward push. Markets are anticipating further reaction after key media called Democrat Biden the […]
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 has been in an upward move since November 6. The pair faces rejection at level 0.9050. Today, the pound has resumed an upward move. If the price breaks level 0.9050, it will accelerate price movement. Daily Chart Indicators Reading:The […]
GBPUSD Price Analysis – November 8 The GBPUSD has ticked higher up past the 1.3150 level against a broadly weaker US dollar in the prior session to reach the recent high of its trading range, at the 1.3177 level. The British Pound was undermined by Brexit challenges, as another week went by with significant disparity […]
GBPJPY Price Analysis – November 8 The strong buying pressure in the British pound pushed the GBPJPY cross to fresh session highs, around the 137.38 regions in the last session, albeit the pair retraced and stays capped under the psychological mark at 136.00 level. The persistent Brexit-uncertainties undermines the British pound and prevents any meaningful […]
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 upward move is currently facing resistance at the 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 […]
EURJPY Price Analysis – November 6 EURJPY extends the rangebound trading following the recent bounce from lows beneath 122.00 level towards the 123.00 marks. The US presidential election has intensified, and it certainly appears to be a divided Congress. The Fed is ready to deliver more stimuli. All attention is on the US NFP and […]
USDCHF Price Analysis – November 6 The dollar has resumed its downtrend against the Swiss franc as USDCHF wobbles toward two-month lows beneath the 0.9030 level to reach session lows dangerously despite the oversold condition. The greenback has depreciated about 0.5% so far today amid a broad-based USD weakness with equity markets surging on US […]
