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. On October 22, the retraced candle body tested the 61.8% Fibonacci retracement level. This implies that the Yen will continue the downward move to level 1.618 Fibonacci extension . In other […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishEUR/GBP has been in a downward move since September 11. Today, the uptrend is facing resistance at the high of level 0.9070. A downward movement of prices is likely. With the retest at level 0.9070, the current support at level […]
AUDUSD Price Analysis – November 5 The upbeat market mood further undermined the greenback pushing the AUDUSD to gain traction for the 4th day in a row above the 0.7200 marks. The ongoing steep decline in the US Treasury bond yields continued exerting some pressure on the US dollar and expectation of a Biden win. […]
EURUSD Price Analysis – November 5 The buying bias remains on the EURUSD as it spikes for yet another session lifting the pair to a new weekly high past the 1.1800 level. Amid optimism on the markets, buyers cheer the prospects of a decisive result in the US elections. Key levelsResistance Levels: 1.2011, 1.1917, 1.1808Support […]
The EUR/AUD traded on a bullish tone in the early European session on Thursday as both the Reserve Bank of Australia (RBA) and European Central Bank (ECB) strive towards a swift QE expansion. The Aussie (AUD) remained weak against the euro largely as a result of the impact of the global recession on Australia’s open […]
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 fell to level 73.50 and began resumption of upward move. On October 1 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. This retracement indicates that the pair will rise and reach 2.0 Fibonacci extension, […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishThe pair has been on a downward move since September 25. The current downtrend resumes after a retest at level 1.0672. The market is still falling. On October 15 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. […]
GBPJPY Price Analysis – November 4 The GBPJPY is presently attempting the upside hurdle around mid 137.00 marks. The barrier near the 137.84 level, becomes a tough nut to crack for the buyers. Markets ignore the economic cost of the UK’s lockdown amid Brexit optimism. Key LevelsResistance Levels: 144.95, 138.38, 136.62Support Levels: 134.12, 133.04, 131.75GBPJPY […]
EURCAD Price Analysis – November 4 The Eurozone single currency rebounds by 0.50% against the Canadian Dollar since the days start towards 1.5500 marks. The currency pair is looking towards its moving average of 5 on the daily chart. ECB monetary policy decision is a major focus for the Eurozone and may give room for […]
