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 […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: RangingUSD/JPY is in a sideways trend. The bulls have been attempting to break above level 106.00 but to no avail. The Yen will rise to level 107.75 if price breaks above level 106.00. In the meantime, the market is still […]
USDCHF Price Analysis – August 11 Given its recent rebound near a 5.5-year low of 0.9050 level, USDCHF continues to retain negative effect beneath the declining moving averages 5 and 13. If buying interest picks up, then in the next session we can see the pair trend higher. Key LevelsResistance Levels: 0.9902, 0.9467, 0.9181Support Levels: […]
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 price is fluctuating between levels of 0.8960 and 0.9200. The market is falling as price approaches the support level. The market may resume an upward move after testing the support level. […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: RangingThe index is range-bound between levels 12000 and 13000. Today, price is consolidating in the middle of price range. The price bars are characterized by small body indecisive candlesticks. The index is fluctuating horizontally. Daily Chart Indicators Reading:Presently, 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 fluctuating between levels 1.0700 and 1.0800. Today, the pair is rising above level 1.0750 after a sideways move. A red candle tested the 0.618 Fibonacci retracement level. It indicates that price will rise and reach level 1.618 Fibonacci […]
