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 attempting to resume an upward move. The pair is facing rejection at level 0.9200. A red retraced candle body tested the 61.8% Fibonacci retracement level. The pair will rise and reach the 1.618 extension level. […]
EURUSD Price Analysis – September 21 The continuation of the upside momentum in the EURUSD is at risk following the price movement below the 1.18 mark. The better start of the week in the greenback is forcing EURUSD to recede to fresh 2-day lows in the sub-1.18 area on Monday. Concerns about the second wave […]
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 is in an uptrend but it is facing rejection at the recent high 0.6800. A green retraced candle body tested a 61.8% Fibonacci retracement level. The pair will fall and reach the 1.618 Fibonacci extension level. The Kiwi […]
GBPUSD Price Analysis – September 20 The GBPUSD pair delayed the weekly rebound, finishing the day in red at around 1.2915 marks. Slight optimism relating to a post-Brexit trade agreement with the EU offered the Sterling with moderate support earlier in the week. GBPUSD sellers, however, are poised for a steeper fall anticipated beneath the […]
GBPJPY Price Analysis – September 20 The GBPJPY cross edged lower during the prior trading session and was last seen hovering near lows, just around 135.00 level. A strong pickup in demand for the safe-haven JPY was seen as a key factor exerting pressure. The JPY was further supported by the Bank of Japan’s less […]
From a Vast Array of Useful Tips Available Today, Here Are the Top 10 You Must Care About? 1. Always Have a Strategy: the most critical of all day-trading tips. Don’t place real money on the line before you have an action plan. That means deciding what you’re going to buy and sell, how much […]
EURJPY Price Analysis – September 18 The persistent buying interest in the Japanese safe-haven continues to put EURJPY under pressure and forces it to extend the plunge to the 123.43 regions on Friday, or fresh 2-month lows. The recovery in the greenback following Wednesday’s FOMC event has been weighing on the sentiment surrounding the risk […]
USDCHF Price Analysis – September 18 The USDCHF pair maintained its upside tone through the early North American session, with bulls making a fresh attempt to build on the momentum further beyond the 0.9100 marks. The greenback struggled to capitalize on the post-FOMC short-covering move and came under some fresh selling following the prior day’s […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair is on a downward move. A green candle body tested a 50% Fibonacci retracement level. The Yen will fall and reach a low of 2.0 Fibonacci extension level. In other words, the downtrend will extend to the […]
