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 […]
GBPJPY Price Analysis – October 21 Buying interest in the British pound picks up at the start of the European session as the GBPJPY moves to its weekly range highs around 137.20. The resumption of Brexit negotiations and the prevailing risk environment are undermining the Japanese yen. This arrangement favors buyers and supports further growth […]
EURCAD Price Analysis – October 21 The common European currency has increased by 25 pips or 0.17% against the Canadian Dollar since the days start. The EURCAD is currently trading in a narrow channel formation. Overnight the Canadian dollar weakened against other major curries as investors’ risk appetite improved. Key LevelsResistance Levels: 1.5739, 1.5675, 1.5600Support […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD is still on a downward move but reaches bearish exhaustion. On October 12 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The implication is the pair will fall to level 1.272 Fibonacci extension and then reverse. […]
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 a downward move after the rejection at level 0.6700. The price has broken level 0.6600 as the selling pressure persists. The price has fallen and reached a low of 0.65571. The downtrend will extend to the low of […]
