EURJPY Price Analysis – October 9 EURJPY tries to gain extra momentum and rebound beyond the level at 125.00 on Friday. After wrapping up discussions on a stimulus plan, President Trump has reneged, saying he’s ready to discuss a pruned-down stimulus package. Key LevelsResistance Levels: 127.07, 126.46, 125.58Support Levels: 124.43, 122.37, 119.31EURJPY Long term Trend: […]
USDCHF Price Analysis – October 9 USDCHF plunges to 0.9098 level, down 0.79% intraday, during the American session on Friday. In doing so, the pair is posting 3 consecutive days of losses. After trading early in a tight range USDCHF pair lost its upside traction as the US Dollar Index (DXY), which tested 94.00 earlier […]
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 upward move. Presently, the bulls have been attempting to break level 107.00 to no avail. Today, the bulls are attempting to break the resistance at $106.00. The Yen is currently rising. Daily Chart […]
AUDUSD Price Analysis – October 8 On Thursday, the AUDUSD pair gained momentum and increased to a daily high of 0.7171 after holding on to gains beyond the level of 0.7100. The revived hopes for the next round of US fiscal stimulus measures, while alleviating investor concerns, remained supportive of the prevailing upbeat market sentiment. […]
EURUSD Price Analysis – October 8 EURUSD traverses without proper direction around the 1.1750/60 area in the second half of the week. Despite buying pressure, the popular European currency has dropped underneath the 1.1800 marks. Washington’s adverse headlines and fears about Europe’s coronavirus could drive the pair down. Key LevelsResistance Levels: 1.2011, 1.1917, 1.1807Support Levels: […]
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 on a downward move. The pair is currently falling. On September 16 downtrend; a retraced green candle body tested the 50% Fibonacci retracement level. The Pound will fall and reach the low of level 2.0 Fibonacci extension […]
The price action surrounding the EUR/AUD continued on its back-and-forth sentiment on Thursday, as the global markets continue to experience a deficit of volatility or market-moving events. Meanwhile, the publication of ECB’s Accounts indicated that the recent appreciation of the exchange rate did not go unnoticed by members of the Governing Council. The Accounts reported […]
Price Analysis – October 08 Should the bears have enough momentum to break down the support level of $2.3, then, the price will be exposed to $2.2 and $1.7 demand level. In case the bulls prevail over the bears, the resistance level of $2.7 will be penetrated and the price will increase to $2.9 and […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair has resumed the uptrend. The pair has already fallen to level 74.10 before the resumption of a fresh uptrend. On October 1 uptrend, the pair reached the high of level 76.05 but was resisted. The last retraced […]
