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 upward move but faces resistance at level 0.6800. A green candle body tested the 61.8% Fibonacci retracement. It indicates that Kiwi will fall and reach a low of 1.618 Fibonacci extension level. That is the low of a […]
USDCHF Price Analysis – October 6 The selling pressure surrounding the greenback at the start of the week seems to be causing USDCHF to stay under selling pressure. USDCHF downside momentum attacks 0.9133 level during the American session on Tuesday. In doing so, the pair alternates near retracement of late-September as US Dollar Index (DXY) […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe USD/JPY pair is currently in a sideways move. Since July the Yen has been trading between levels 105.00 and 107.00. Presently, the pair is rising to level 107. On September 21, the Yen fell to level 104 and resumed […]
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 […]
