GBPJPY Price Analysis – October 4 GBPJPY ended the week 1.22 percent higher at the level of 136.16 after gaining 15 pips (0.14 percent) on high volume in the prior session. While vulnerable, the cross has recovered quickly from multi-day lows and stays afloat at 136.00 level with a positive outlook. After some progress has […]
WHEN THE MARKET BECOMES INTRACTABLEEspecially in the short-term, anyone can make money in the market. However, beating the markets consistently and for the long-term is what most traders find difficult. While trading management and risk control tools are present for prudent traders to employ, they are not the ultimate secret. You can use a good […]
EURJPY Price Analysis – October 2 EURJPY’s significant progress seems to have encountered a hard obstacle in the 124.20/30 band at the 3-month resistance line. The continuing corrective downside carries the ability to further widen and re-visit the 122.00 region’s September lows. Key LevelsResistance Levels: 127.07, 125.58, 124.24Support Levels: 122.75, 119.31, 117.08EURJPY Long term Trend: […]
USDCHF Price Analysis – October 2 USDCHF takes the bids beyond the 0.9200 level, up 0.21% on a day, ahead into Friday’s American session. A mixed payroll report and rising uncertainty may favor the greenback while a COVID-19 test may elevate the risk sentiment more broadly. Key LevelsResistance Levels: 0.9467, 0.9362, 0.9241Support Levels: 0.9181, 0.9075, […]
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: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe EUR/GBP pair is now 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 […]
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 has resumed the uptrend. A red candle body tested the 38.2% Fibonacci retracement level. The pair will rise and reach the 2.618 extension. That is, the high of level 82.88. Daily Chart Indicators Reading:The 21-day SMA and […]
AUDUSD Price Analysis – October 1 The AUDUSD has recovered optimistic bias during the initial half of the trading activity on Thursday, with investors now seeking a steady advance toward the 0.7200 marks. The trend was assisted by several factors – the upbeat market sentiment and a weaker mood around the US dollar. Key LevelsResistance […]
The EUR/AUD has traded through the week under some bearish pressure since it hit the key resistance at 1.6567 last week and was last spotted trading near the 1.6300 support on Thursday. The European Central Bank (ECB) announced recently that it was set to ‘tweak’ its major policy objectives, as it continues to battle the […]
