EURUSD Price Analysis – October 19 Following a recent drop to the 1.1690/80 bands, EURUSD trades at a striking range from the main barrier at 1.18 area, where some firm friction appears to have emerged. EURUSD rediscovers buyer attention in the vicinity of the mid 1.1700 level as the upside impetus picks up pace. More […]
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 in a downward move after rejection from level 0.9300. The pair fell to level 0.9100 and resumed downward after retesting level 0.9200. The pound has fallen to level 0.9048 and a further downward movement is expected. Daily […]
GBPUSD Price Analysis – October 18 On Friday, the GBPUSD exchange rate fell to the 1.2862 level and later the rate reversed north to reach a high level of 1.2962. As Boris Johnson made sobering comments that the UK should get ready for a no-deal Brexit, some downside risk could likely prevail in the market. […]
GBPJPY Price Analysis – October 18 GBPJPY tends to have been capped at 136.62 level around the upside horizontal barrier after attempts to drive higher were curtailed on the daily chart by the moving average of 5 and 13. The pair is edging sideways as the trend has been taken by horizontal traction. Key LevelsResistance […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD resumes upward move but faces resistance at level 0.6800. Buyers are resuming a fresh uptrend at the 0.6545 support level. The pair will move up to retest the 0.67000 price level. Daily Chart Indicators Reading:The Kiwi has risen to […]
EURJPY Price Analysis – October 16 EURJPY is accelerating from a low of around 123.00 as upside potential prevails over sellers for another session on Friday. The cross has so far managed to hold above the 123.00 level. Given the uncertainty, it would be a mistake to set an end date for the response to […]
USDCHF Price Analysis – October 16 USDCHF hovered around its weekly highs while maintaining an upward trend above the 0.9100 average, although there were no strong subsequent purchases. During the European session on Friday, the pair hovers around the daily high of 0.9162, which is currently down 0.10% to hit 0.9134. Key LevelsResistance Levels: 0.9600, […]
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 is currently in a downward move. The pair retested level 106.00 to resume a downward move. The selling pressure is likely to continue as price breaks below the Simple Moving Averages. Daily Chart Indicators Reading: The 50-day […]
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 in a downward move after rejection from level 0.9300. The pair fell to level 0.9100 and resumed downward after retesting level 0.9200. The pound has fallen to level 0.9052 and a further downward movement is expected. Daily […]
