GBPJPY Price Analysis – December 6 GBPJPY is moving with an upside sentiment, resting around the critical barrier, and awaits the next catalyst. The pair’s buyers anticipate a raised prospect of a rally towards the old highs in an extension that looms beyond the 140.00 level. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support Levels: 138.38, 137.50, […]
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 in an upward move. Since November 2, the pair has continued its rally as it reaches the high of 0.70659. The Kiwi has reached a high of level 0.7100 and it is currently facing rejection. The current selling […]
The first time I set my eyes on a Meta Trader platform, I doubted I would be able to master its use, since the figures and features I saw seemed daunting to me. When I even heard about candlesticks, I didn’t know what it meant. Stupefied, I wondered whether I’d need to light some candles […]
EURJPY Price Analysis – December 4 EURJPY stays bid in the upper end of the recent range while renewing its upside bias with the level at 127.07 in focus. The pair confronts upside barriers at the end of the week against the backdrop of the prevailing risk appetite trend in the global markets. Key LevelsResistance […]
USDCHF Price Analysis -December 4 Despite heavy selling on USDCHF for 3 days in a row went beneath the 0.8900 level to fresh multi-year lows, the pair may likely rebound in subsequent sessions. The US dollar index may prolong its recent weak sentiment amid signs of progress towards additional US fiscal stimulus. 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: BullishThe USD/JPY pair has been in a downward move since June. The price has been falling from level 105.50. On November 19 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the Yen will […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe pound is falling and on a downward move. Presently, it is falling after rejection at level 0.8990. The price is breaking the 50-day SMA. A break below the SMAs will facilitate the downward move. Daily Chart Indicators Reading:The 50-day […]
It’s undeniable that the USDCAD is under heavy pressure and that the CAD is really enjoying the latest Oil rally. Add all of that to the USD bear market and we have a slam dunk short in the USDCAD. You need to understand that this articles does not induce a bullish bias, at all, but […]
The EUR/AUD traded through the early European session on Thursday in a sideways manner, as the pair reels from its recent bull run. The European Union reported yesterday that the Euro Area Unemployment Rate dropped from 8.5% in September to 8.4% in October, just as analysts predicted. According to a BK Asset Management official, Kathy […]
