Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishEUR/CHF is in a downward move. The bears have broken the lower price range as it continues the downward move. The downtrend may continue if price breaks below level 1.0700. The selling pressure will continue to a low of 1.0625. […]
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. The pair has been on a downward move after the rejection at the 0.9200 price level. On September 10 uptrend; a retraced red candle body tested the 61.8% Fibonacci retracement level. The […]
GBPUSD Price Analysis – October 11 After surging 109 pips on low volume, the GBPUSD pair surged to a 4-week high of 1.3049 level, finishing the week 0.85% higher at 1.3046 level. The Sterling is running on the weakness of the dollar, and while no progress has been made in Brexit negotiations. Key LevelsResistance Levels: […]
GBPJPY Price Analysis – October 11 GBPJPY is notably higher for the third day in a row after completing the week 1.16 percent higher at 137.79 after gaining 61 pip trading at 137.73 level relatively unchanged on the day, having placed early Friday at a low of 136.79 level. It’s Brexit season again and Brexit […]
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. A red candle body tested the 50% Fibonacci retracement level. It indicates that Kiwi will rise and reach a high of 2.0 Fibonacci extension level. That is the high of […]
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. […]
