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 sideways trend trading below 1.0850 resistances. The price action has remained the same since July. The pair has fluctuated between level 1.0750 and 1.0850. In the meantime, price is consolidating at a lower price range. A […]
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. A red candle body tested the 61.8% Fibonacci retracement level. The Pound will rise and reach the high of level 1.618 Fibonacci extension level. That is the high of 0.9558. Daily Chart […]
The AUD/NZD spiked significantly from under 1.0600 in late July to tops above 1.1000 in August. In September, the pair experienced a major retracement, which sent it to the 0.0717 September low two weeks ago. Throughout the last week, this pair has managed to rebound higher to the 1.0850 level. However, economists at Westpac (an […]
XRP/USD Market October 05 The closing of the daily bullish candle above the resistance level of $0.25 may increase to $0.27 and $0.29 resistance level. The inability to close above the resistance level of $0.25 may return the price to the bearish movement towards the support levels of $0.22, $0.20, and $0.17. Key Levels: Resistance […]
EURUSD Price Analysis – October 5 EURUSD is holding at 1.1707, suggesting a reversal of the bearish trend towards the 1.1770 level. Eurozone investor confidence improved more-than-expected in September, according to the latest data released by the research group Sentix on Monday. Key LevelsResistance Levels: 1.2011, 1.1900, 1.1770Support Levels: 1.1685, 1.1495, 1.1350EURUSD Long term Trend: […]
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. The bulls have retested the recent resistance twice before making a downward move. The upward move is likely to continue to level 0.6720. Daily Chart Indicators Reading:The Kiwi has risen […]
GBPJPY Price Analysis – October 4 GBPJPY ended the week 1.22 percent higher at the level of 136.16 after gaining 15 pips (0.14 percent) on high volume in the prior session. While vulnerable, the cross has recovered quickly from multi-day lows and stays afloat at 136.00 level with a positive outlook. After some progress has […]
WHEN THE MARKET BECOMES INTRACTABLEEspecially in the short-term, anyone can make money in the market. However, beating the markets consistently and for the long-term is what most traders find difficult. While trading management and risk control tools are present for prudent traders to employ, they are not the ultimate secret. You can use a good […]
EURJPY Price Analysis – October 2 EURJPY’s significant progress seems to have encountered a hard obstacle in the 124.20/30 band at the 3-month resistance line. The continuing corrective downside carries the ability to further widen and re-visit the 122.00 region’s September lows. Key LevelsResistance Levels: 127.07, 125.58, 124.24Support Levels: 122.75, 119.31, 117.08EURJPY Long term Trend: […]
