EURUSD Price Analysis – September 7 EURUSD holds the selling bias unaltered at the beginning of the week, although it has so far managed well to stay under pressure beyond the 1.18 level as the dollar maintains its resilience, holidays in the US and Canada hold volumes at lows. The good impact of European indexes […]
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 on an upward move since September 3. It was after the coin has fallen to a low of 0.8874. A red candle body tested the 61.8% Fibonacci retracement level. The pair is rising and will reach […]
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XAGUSD Price Analysis – September 7 Silver drops to $26.62 level, down 0.46% on a day, during Monday’s initial trading session. The white metal maintains its downside break of nearly a month old while searching for fresh traction. As a result, sellers’ eyes further weakness towards the round figure of $26.00 level. Key LevelsResistance Levels: […]
GBPUSD Price Analysis -September 6 At the end of the prior week, the GBPUSD pair bottomed at 1.3175 level, moving ahead to end the day little changed at 1.3280 level. The GBPUSD was hit by a lower than expected August Construction PMI during European trading hours, resulting from 58.1 in July at 54.6 for August. […]
GBPJPY Price Analysis – September 6 Recently, the GBPJPY took a U-turn from the horizontal barrier at level 142.71 in the previous sessions while opting not to pursue the recent losses in the last few days of the week. Buyers are thus following an ascending trend line as of June 5th, 2020. Key LevelsResistance Levels: […]
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 is currently in an upward move. A red candle body tested 0.618 Fibonacci retracement level. The Yen will rise and reach a high of 1.618 Fibonacci extension level. The price is breaking above the SMAs. The pair […]
EURJPY Price Analysis – September 4 The selling bias in the European currency imposes a limit on EURJPY and, on Friday, may pull it further south of the 126.00 marks ahead of Key US data. EURJPY is stepping up withdrawal from the new 2020 highs just beyond the level of 127.00 reported earlier in the […]
USDCHF Price Analysis – August 4 On Friday, the USDCHF exchanged in the positive territory slightly beyond the 0.9100 level and entered a consolidation phase as investors are now awaiting key US results. As of writing, the pair was up 0.19 percent on the day at 0.9112 level. After the damage from the interventionist shift […]
