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 upward move is facing resistance at level 1.3250. On October 13 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This indicates that the pair will fall and reach level 1.618 […]
Markets are significantly recovering today after a strong US close the day before. The Canadian dollar has made a reversal, unsupported by oil prices. The Australian dollar is generally up today following the news of the RBA rate cut. However, the downside is relatively limited, save for a few. The dollar became mixed, along with […]
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. For the past week, the pair has been in a downward move as it reaches a low of 0.6600. Yesterday, the market resumes an upward move and may terminate at level 0.6700 which […]
USDCHF Price Analysis – November 3 The US Dollar has plunged by 0.47% against the Swiss Franc since the beginning of the day. Given that a breakout has occurred, sellers are likely to pressure the exchange rate lower while extending the downside bias during the following trading session. The downfall was sponsored by some aggressive […]
ADA Price Analysis – November 03 The price is heading towards the support level at $0.08, if it breaks down the level, the support level of $0.07 will be exposed, and further decrease may reach $0.05. In case the support level of $0.08 holds, the price may reverse and target $0.10, $0.11, and $0.13 resistance […]
The USDCAD is setting up for a bounce pre US election day. Structurally speaking we are retesting and rejecting the 1.3220 level which are the previous highs. The USD however is rejecting the 94.00 level which could be bearish for the USDCAD. If the USDCAD breaks with the 1.3200 level all bullish bets are off. […]
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 a downward move. The bear trend has been reversed. On October 14 downtrend; the retraced candle body tested the 78.6 % Fibonacci retracement level. This indicates that the market will reach level 1.272 and […]
The AUD/NZD continued on a directionless bias in the North American session on Monday. At press time, the pair is trading at 1.0630, up by 0.03% on the day. The blooming market risk sentiment is currently aiding both the Aussie (AUD) and the Kiwi (NZD) to find modest demand against other currencies ahead of the […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingEUR/CHF has been on a downward move since September 25. The current downtrend resumes after the retest at level 1.07488. The market is still falling. Today, the pair is rising and approaching level 1.0700. The upward move is likely to […]
