USDCHF Price Analysis – October 13 After the close of the second week in negative territory, the USDCHF pair appears to have entered a phase of consolidation as the US Dollar Index rallies, supported by safe-haven flows. As the dollar began to gain strength on Tuesday, USDCHF rallied above 0.9100 level as a result of […]
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 an upward move. Presently, the pair is falling after facing rejection at level 106.100. Today, the Yen is attempting to resume an upward move. It is currently rising. Daily Chart Indicators Reading:The 50-day SMA […]
Earlier today, the bearish momentum surrounding the Chinese yuan picked up following the decision of the People’s Bank of China (PBoC) to reduce its FX risk reserve ratio to zero. This sparked some serious bearishness around the AUD, considering the ties of the Australian economy and China. Furthermore, Gold (XAU/USD) stalled through most of today […]
EURUSD Price Analysis – October 12 At the beginning of the week amid Friday’s positive results, EURUSD persists in range, attempting to extend the steady recovery further north of the key barrier past the 1.18 mark. In the meantime, buyers may track closely the dynamics of another important week concerning the UK-EU Brexit negotiations, US […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishEUR/CHF is in a downward move. The bears have broken the lower price range as it continues the downward move. The downtrend may continue if price breaks below level 1.0700. The selling pressure will continue to a low of 1.0625. […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe Pound is still trading in an uptrend. The pair has been on a downward move after the rejection at the 0.9200 price level. On September 10 uptrend; a retraced red candle body tested the 61.8% Fibonacci retracement level. The […]
GBPUSD Price Analysis – October 11 After surging 109 pips on low volume, the GBPUSD pair surged to a 4-week high of 1.3049 level, finishing the week 0.85% higher at 1.3046 level. The Sterling is running on the weakness of the dollar, and while no progress has been made in Brexit negotiations. Key LevelsResistance Levels: […]
GBPJPY Price Analysis – October 11 GBPJPY is notably higher for the third day in a row after completing the week 1.16 percent higher at 137.79 after gaining 61 pip trading at 137.73 level relatively unchanged on the day, having placed early Friday at a low of 136.79 level. It’s Brexit season again and Brexit […]
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 resumes upward move but faces resistance at level 0.6800. A red candle body tested the 50% Fibonacci retracement level. It indicates that Kiwi will rise and reach a high of 2.0 Fibonacci extension level. That is the high of […]
