NEO Price Analysis – September 29 The penetration of the support level of $19 may drive the price to the support level at $16 and $14. The inability to break down the $19 support level may expose the price to the resistance level at $22, $25, and $30. However, the signal line of relative strength […]
Over the past week, the G10 currencies have been heavily stirred, following a corrective move in the US dollar (DXY). This correction has been the major driver behind the price dynamics in the FX market of late. Meanwhile, the Australian Dollar (AUD) has been one of the major underperformers, and not just as a result […]
EURUSD Price Analysis – September 28 At the start of the week, the single currency is steering in an unclear path, while the bias around the near-term trend of EURUSD remains weak underneath the level of 1.1685. The pair is trading at the level of 1.1654 at press time, having put in a low level […]
XAGUSD Price Analysis – September 28 Silver price is hovering around $23.28 level as markets traded from European to American open for Monday’s trading. The shinning metal earlier surged to $23.50 level but failed to keep the gains. A flight to safety amid growing fears over coronavirus resurgence and its implications on the global economy […]
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 is drawn showing the support levels of the market. The price action has remained […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe EUR/GBP pair is on a downward move. The pair is currently facing rejection at level 0.9200. A green candle body tested the 50% Fibonacci retracement level. The market will fall and reach the 2.0 Fibonacci retracement level.. That is […]
GBPUSD Price Analysis – September 27 The GBPUSD pair closed for the 3rd day in a row unchanged beneath 1.2800 last Friday, as the Pound found support in Brexit-related headline and the risk-avoidance resurgence of the US dollar. The Pound has lost all of its earlier bounce and is weaker towards the immediate post-pandemic range […]
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 pair has been on a downward move. The Kiwi has already fallen to level 0.6511 but the downtrend is likely to continue to level 0.6437. The market is currently falling but has reached bearish exhaustion. Daily Chart Indicators Reading:The […]
GBPJPY Price Analysis – September 27 GBPJPY is continuing the rebound off the mid 134.00 level but on slower momentum, to further upside traction towards 135.00 level with caution for aggressive buyers. Hence, any subsequent move up might still be seen as an opportunity for sellers courtesy of the coronavirus resurgence-led new restrictions. Key LevelsResistance […]
