USDCHF Price Analysis – October 23 The USDCHF has bounced up from 0.9030 lows against the Swiss Franc while selling bias continues to aim for the 0.9000 level. The greenback plunged across the board in the initial European session as hopes of a breakthrough on the US coronavirus stimulus negotiations boosted demand for risky assets. […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe USD/JPY pair has been in a downward move. The pair has fallen to level 104.34 and it is correcting upward. A retraced candle body tested the 61.8% Fibonacci retracement level. It indicates that the Yen is supposed to reach […]
NOTE: This interview was done several years ago and it is part of the content of the book, “Unlock Your Potential With the Realities of Trading.” It is thus reproduced here, for the benefit of our readers. Trading is Ideal for a WomanWomen can be, and are, great traders as well. They certainly have admirable […]
Forex trading has become a very popular activity for people. In the recent decade, the surge in the FX market is visible and people are constantly looking for new opportunities to earn money on the largest financial market. Few would deny that exchange rates should be at least partly determined by the supply-demand ratio, i.e. […]
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 downtrend has reached bearish exhaustion. Buyers are emerging in the oversold region. On September 11 uptrend, the last retraced candle body tested the the38.2% Fibonacci retracement level. This indicates that EUR/GBP will rise and reach level 2.618 Fibonacci […]
EURUSD Price Analysis – October 22 The EURUSD pair exited overbought conditions and is ready to rally while correction sets in towards the 1.1807 regions. EURUSD has been keeping onto earnings arising from stimulus anticipation but foreign meddling in the US elections and increasing COVID-19 incidents may confine any earning. Key LevelsResistance Levels: 1.2150, 1.2011, […]
The EUR/AUD traded through the European session on Thursday with a sideways bias, as the global markets’ risk mood gets a lift, and the ECB likely to leave its policy unchanged. Meanwhile, the rising numbers of COVID-19 infections and lockdown restrictions on the continent should thwart any significant gains in the EUR in the coming […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishThe AUD/JPY pair has been in a downward move. This is immediately after the rejection at level 76.50. A retraced candle body tested the 61.8% Fibonacci retracement level. This implies that the Yen will further decline to level 1.618 Fibonacci […]
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 is in a range-bound movement. The pair is now in an upward move from the low of 1.0688. The market has reached bearish exhaustion. The pair will revisit the previous range-bound zone. Today, the price is retracing after the […]
