EURUSD Price Analysis – October 26 Growing fears of a surge in Europe Covid-19 cases may slowdown economic recovery as new infections trigger stricter measures and prompt investors into safety. EURUSD risks a deeper decline at the 1.1800 level as buyers repeatedly failed to make a sustained break above the daily cloud top around the […]
The AUD/NZD continued on its bearish momentum on Monday, as both currencies exhibit unclear biases as the USD (DXY) waxes stronger. The pair recorded a new 3-month low around 1.0637 in the early European session today. Earlier today reports from Australia illustrated that the country recorded better-than-expected trade surplus data. However, this positive development failed […]
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. On October 15 downtrend; a retraced candle body tested 78.6 % Fibonacci retracement level. This indicates that the pair will fall and reach a low of 1.272 and later reverse. […]
XAGUSD Price Analysis – October 26 XAGUSD confronts selling pressure on Monday as coronavirus concerns weighed over the risk sentiment and strengthened the haven demand for the US dollar. The white metal dropped to the $24.09 level, the lowest level since Oct.15, during the early trading hours. The risk-off occurs as the US registered a […]
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 on a downward move since September 11. The pair faced rejection at level 0.9250. The market is rising to retest level 0.9100 for a possible downward move. Daily Chart Indicators Reading:The 50-day and 21-day SMAs are sloping […]
GBPUSD Price Analysis – October 25 The GBPUSD broke below the 1.3050 level and at risk of plunging in the short-term beneath the 1.3000 level, after hitting a fresh two day low in the prior session. The Pound is under pressure as US Dollar recovers momentum however the upbeat UK Retail Sales and expanding business […]
GBPJPY Price Analysis – October 25 The Pound sterling vs safe-haven Yen stays fragile under selling pressure at the end of the week, despite trading in a consolidation channel between 137.84 and 135.38 levels. Persistent Brexit-related uncertainties continued undermining the sentiment around the GBP. Key LevelsResistance levels: 147.95, 142.71, 137.84Support levels: 135.38, 133.04, 131.75GBPJPY 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 risen to the overbought region. It may face rejection at level 0.6700. Since July, the pair has been fluctuating between levels 0.6600 and 0.6800. Daily Chart Indicators Reading:The Kiwi has risen to level 57 of the Relative Strength […]
EURJPY Price Analysis – October 23 EURJPY’s corrective downside from a recent high around 125.00 level meets decent contention at the 123.41 regions. The pair is attempting to recover higher against the Yen, following the release of positive PMI Manufacturing data from Europe. Key LevelsResistance Levels: 127.07, 126.46, 125.00Support Levels: 123.37, 122.37, 119.31EURJPY Long-term Trend: […]
