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 rebounds above level 0.8850. It is making an upward move to the recent high. The selling pressure has been exhausted as prices move up. Daily Chart Indicators Reading:The 50-day and […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair is currently trading in an uptrend. The price is currently facing rejection at level 78.00. The Yen is currently making a downward move. It is not clear the extend of the downward move. Daily Chart Indicators Reading:The […]
AUDUSD Price Analysis – September 3 The AUDUSD pair, which ended the prior two days in the negative territory, enlarged its daily fall and fell to 0.7296 level as broad-based USD strength continues to weigh on the AUDUSD under 0.7300 level. As of writing, the pair was down 0.55 percent daily. Key LevelsResistance Levels: 0.7620.7413, […]
EURUSD Price Analysis – September 3 In the second half of the week, the selling bias stays consistent around the common currency, with EURUSD challenging 5-day lows initially while expanding corrective downside beneath 1.1800 level. Besides that, USD-dynamics continues to be the primary catalyst for the global market price action. Key LevelsResistance Levels: 1.2011, 1.1965, […]
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 fluctuating between levels of 1.0740 and 1.0840. The pair fell sharply to the lower price level after testing level 1.0850. The price consolidates above level 1.0750 for subsequent upward move. Daily Chart Indicators Reading:The pair is at […]
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 downtrend resumed after retesting level 1.36 price level. A green candle body tested a 38.2% Fibonacci retracement level. USD/CAD will fall and reach the 2.618 Fibonacci extension level. In other words, the […]
GBPJPY Price Analysis – September 2 GBPJPY holds moderately buying around level 141.76 amid the initial trading on Wednesday. And during further upside of the quote past level 141.61, the cross may inspire buyers ahead of taking them to the yearly high of level 144.95. Although this makes a significant achievement for the bulls, it […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD pair is in an uptrend as price breaks level 0.6700. The market is expected to reach a high of 0.6800 and reverse. Presently, the market is testing a historical price level at level 0.6766. Thereafter a downward move is […]
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 price has earlier tested the 0.9150 resistance twice before resuming a downward move. The pair has formed a bearish double top which is responsible for the downward move. The selling pressure […]
