EURUSD Price Analysis – October 1 EURUSD buying interest picks up traction near the 1.1770 region-or multi-day highs as the pair progresses on high expectations for a US fiscal agreement. The pair may be haunted by a possible deadlock in negotiations, fears of a disputed election, and growing US coronavirus infections. Key LevelsResistance Levels: 1.2011, […]
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 range-bound movement. The market is fluctuating between level 1.0750 and 1.0850. The sideways trend has been ongoing since July. A bullish trend line is drawn showing the support levels of the market. The price is rising […]
GBPJPY Price Analysis – September 30 GBPJPY is increasing for the 5th day in a row while maintaining a bullish bias beyond the 136.00 level. Earlier, the dip–buying assisted to limit any meaningful slide near the key 135.00 psychological marks as bulls are seen making a fresh attempt as momentum eases. Key LevelsResistance Levels: 147.95, 142.71, 136.62Support Levels: 133.12, 131.75, 129.29GBPGPY Long term Trend: RangingThe GBPJPY may begin to consolidate between 135.00 and 136.62 levels. If it tries to breach and carry beyond 136.62 levels more growth appears probable. The initial aim is seen at level 136.62, led by level 137.84. As long as the level of resistance is 147.95, a potential […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BullishThe pair has resumed an upward move. The Loonie was earlier in a downtrend. It fell to level 1.2980 and resumed the uptrend. The current uptrend faces resistance at level 1.3400. The market will move up after price finds support. […]
EURCAD Price Analysis – September 30 The single European currency has edged lower by 0.45% against the Canadian Dollar since the beginning of the Wednesday session. The currency pair breached lower the 1.5675 level in an attempt to further sideways trading. Given that the exchange rate has breached the boundary, sellers may pressure the EURCAD […]
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 downward move has been exhausted as the market moves up. The market fell to the low of 0.65116 and resumed upward move. The trend is currently facing minor resistance at level 0.6600. Daily Chart Indicators Reading:The Kiwi has risen […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY pair was on a downward move. The price fell to the low of 102.27 and resume upward move. The Yen is currently facing resistance at the 21-day SMA. It is likely to rise if price breaks above the […]
USDCHF Price Analysis – September 29 USDCHF plunges lower and traded around intraday low at 0.9200 level, currently down 0.54% on a day beneath 0.9200 level, while heading into Tuesday’s American session. The selling pressure on the USD seems to be causing the pair to remain under bearish pressure with the US Dollar Index (DXY) […]
S&P 500 Price Analysis – September 29 S&P 500 declines to 3343 levels, after hitting up to 3374 level intraday high, amid the initial hour of European open on Tuesday. Brexit hopes expectations of US stimulus keep trading sentiment unwavering towards the 3400 levels. Key LevelsResistance Levels: 3522, 3477, 3400Support Levels: 3318, 3210, 3118S&P 500 […]
