GBPJPY Price Analysis – September 6 Recently, the GBPJPY took a U-turn from the horizontal barrier at level 142.71 in the previous sessions while opting not to pursue the recent losses in the last few days of the week. Buyers are thus following an ascending trend line as of June 5th, 2020. Key LevelsResistance Levels: […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY pair is currently in an upward move. A red candle body tested 0.618 Fibonacci retracement level. The Yen will rise and reach a high of 1.618 Fibonacci extension level. The price is breaking above the SMAs. The pair […]
EURJPY Price Analysis – September 4 The selling bias in the European currency imposes a limit on EURJPY and, on Friday, may pull it further south of the 126.00 marks ahead of Key US data. EURJPY is stepping up withdrawal from the new 2020 highs just beyond the level of 127.00 reported earlier in the […]
USDCHF Price Analysis – August 4 On Friday, the USDCHF exchanged in the positive territory slightly beyond the 0.9100 level and entered a consolidation phase as investors are now awaiting key US results. As of writing, the pair was up 0.19 percent on the day at 0.9112 level. After the damage from the interventionist shift […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe EUR/GBP pair is on a downward move. The pair rebounds above level 0.8850. It is making an upward move to the recent high. The selling pressure has been exhausted as prices move up. Daily Chart Indicators Reading:The 50-day 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 is currently trading in an uptrend. The price is currently facing rejection at level 78.00. The Yen is currently making a downward move. It is not clear the extend of the downward move. Daily Chart Indicators Reading:The […]
AUDUSD Price Analysis – September 3 The AUDUSD pair, which ended the prior two days in the negative territory, enlarged its daily fall and fell to 0.7296 level as broad-based USD strength continues to weigh on the AUDUSD under 0.7300 level. As of writing, the pair was down 0.55 percent daily. Key LevelsResistance Levels: 0.7620.7413, […]
EURUSD Price Analysis – September 3 In the second half of the week, the selling bias stays consistent around the common currency, with EURUSD challenging 5-day lows initially while expanding corrective downside beneath 1.1800 level. Besides that, USD-dynamics continues to be the primary catalyst for the global market price action. Key LevelsResistance Levels: 1.2011, 1.1965, […]
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 still fluctuating between levels of 1.0740 and 1.0840. The pair fell sharply to the lower price level after testing level 1.0850. The price consolidates above level 1.0750 for subsequent upward move. Daily Chart Indicators Reading:The pair is at […]
