Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie is in a downward move. The downtrend resumed after retesting level 1.36 price level. A green candle body tested a 38.2% Fibonacci retracement level. USD/CAD will fall and reach the 2.618 Fibonacci extension level. In other words, the […]
GBPJPY Price Analysis – September 2 GBPJPY holds moderately buying around level 141.76 amid the initial trading on Wednesday. And during further upside of the quote past level 141.61, the cross may inspire buyers ahead of taking them to the yearly high of level 144.95. Although this makes a significant achievement for the bulls, it […]
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 pair is in an uptrend as price breaks level 0.6700. The market is expected to reach a high of 0.6800 and reverse. Presently, the market is testing a historical price level at level 0.6766. Thereafter a downward move is […]
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 price has earlier tested the 0.9150 resistance twice before resuming a downward move. The pair has formed a bearish double top which is responsible for the downward move. The selling pressure […]
USDCHF Price Analysis – September 1 The USDCHF pair tested 0.9000 level for the second consecutive day on Tuesday and step a pivotal rebound after support discovery. As of writing, the pair was up 0.42 percent daily at 0.9075 level. Given the broad-based vulnerability in the USD, the risk-on market environment does not permit the […]
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 1.0740 and 1.0840. The price is rising at the lower levels of the market but it is facing initial resistance at the recent high. The current upward move is facing resistance at level 1.0780. […]
EURUSD Price Analysis – August 31 EURUSD continues to keep traction past the 1.19 mark, recapturing the upside bias to the 1.1883/80 band or daily lows after an early lower move. The pair holds gains of more than 1.19 marks to last weeks, notching fresh multi-day highs at the same time and relaunching the positive […]
GBPUSD Price Analysis – August 30 At the end of the week, the GBPUSD pair breached higher to hit a fresh 2020 high of 1.3356 marks, finishing the week with a couple of pips beneath but no sign of upward exhaustion. The lack of UK macroeconomic variables and Brexit-related news has been playing in favor […]
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 pair is in an uptrend as price breaks level 0.6700. The market is expected to reach a high of 0.6800. A retraced candle body tested a 61.8% Fibonacci retracement level. This indicates that the market will reach a high […]
