The AUD/NZD traded on a sideways momentum through the early trading hours on Monday, as it struggled to break the 1.0650 resistance. At press time, the forex pair is trading at 1.0649, up by 0.07% on the day. Job advertisements in Australia rallied for the seventh consecutive time in November, as the country’s second-most populous […]
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 is in a strong uptrend. It has broken the previous resistance levels and it is approaching the high of level 0.9150. The price has retested the resistance at level 0.9200 and pulled back. The bulls are still pushing […]
GBPUSD Price Analysis – December 13 GBPUSD continued weakness under the 1.3260 level may see the pair being sold towards the 1.3000 level. A nerve-wracking weekend concludes with growing fears Brexit talks could collapse. The Brexit saga lives on, promising a high dose of action. Key LevelsResistance Levels: 1.3700,1.3514, 1.3313Support Levels: 1.3200, 1.3000, 1.2813GBPUSD Long […]
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 has continued its upward move. The uptrend is facing resistance at level 0.7100. A retraced candle body tested the 88.6% Fibonacci retracement level. The resistance indicates that the Kiwi will rise and reach level 1.1129 Fibonacci extension. The Kiwi […]
EURJPY Price Analysis – December 11 EURJPY has plunged sharply after increasing towards 126.61 level. The currency pair breached the 126.00 mark level during Friday’s trading session. EURJPY has been grinding lower after the ECB decision and Villeroy’s comments on the euro exchange rate. Key LevelsResistance Levels: 127.50, 127.07, 126.68Support Levels: 126.00, 125.00, 123.90EURJPY Long-term […]
USDCHF Price Analysis – December 11 The USDCHF pair declined to its lowest level around the level at 0.8851 on Friday but presents a rebound during the American session. The selling pressure surrounding the US Dollar Index (DXY) is reflecting the broad-based USD weakness resulting in further weakness for the USDCHF pair. Key LevelsResistance Levels: […]
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 since June. The price has been falling from level 105.50. On November 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the Yen will […]
AUDUSD Price Analysis – December 11 AUDUSD upside rally furthers on its positive fundamentals registering fresh highs at 0.7571 level and continued scaling higher for the third day in a row on Friday. Australia’s key export item has risen to the all-time high as AUDUSD follows suit while reaching a fresh high beyond 0.7500, currently […]
Price Analysis – December 11 Further increase in the bears’ pressure will decrease the price to the $2.4 support level; the bearish momentum may extend to $2.1 and $1.5 if $2.4 does not hold the price. However, the resistance levels above the current price can found at $2.7, $3.0, and $3.3. Key Levels: Resistance levels: […]
