Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingThe EUR/GBP pair is in a sideways move. The pair is fluctuating between levels 0.8950 and 0.9100. Since July the key levels have not been broken. The market is currently fluctuating in the middle of price range. Daily Chart Indicators […]
AUDUSD Price Analysis – August 13 In the early American session, AUDUSD consolidates the European session spike to a two-day high of 0.7188 level. Nonetheless, the bulls seem to lose follow-through as they attempt to broaden the upside in a cautious mood on the market. Key LevelsResistance Levels: 0.7295, 0.7241, 0.7200Support Levels: 0.7150, 0.7076, 0.6921AUDUSD […]
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 rising and approaching a resistance level at 76.78. It will be making a downward move after being resisted. On July 22, an uptrend reached a high of 76.87 and was repelled. Thereafter the pair continue […]
EURUSD Price Analysis – August 13 The appearance of some fresh selling around the US dollar supported the EURUSD pair to reverse an initial fall into the mid-1.1700 range. EURUSD is presently hacking away at a psychological barrier of 1.18 plus, setting it at a low level of 1.1777 at the European Session. The US […]
RISK CONTROL TECHNIQUES IN TRADING Risk is ever present in trading, just as it is in other areas of life. The good news is that the risk inherent in trading can be controlled effectively, thus enabling you to be permanently triumphant. No-one on earth can trade repeatedly without any loss, no matter the trading strategy […]
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 trapped between levels of 1.0700 and 1.0800. Price is fluctuating in the middle of price range. The pair is falling and approaching the lower price range. Since July, the key levels of the market are yet to […]
GBPJPY Price Analysis – August 12 On Wednesday the GBPJPY pair advanced higher for the 3rd day in a row and was last seen trading just beneath mid-139.00s – the highest level since June 8. The Yen is known for its safe-haven qualities and the pound is a questionable bid in the face of worsening […]
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 price is retesting the resistance line of the descending channel. A downward move will follow if price faces rejection at the resistance level. The pair is trading at level 1.3290 at the […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingNZD/USD pair is in a sideways move. The price has fallen to the support line of the horizontal channel. It is also consolidating above the support line to resume an upward move. It is unclear if the downward move will […]
