USDCHF Price Analysis – September 1 The USDCHF pair tested 0.9000 level for the second consecutive day on Tuesday and step a pivotal rebound after support discovery. As of writing, the pair was up 0.42 percent daily at 0.9075 level. Given the broad-based vulnerability in the USD, the risk-on market environment does not permit the […]
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 1.0740 and 1.0840. The price is rising at the lower levels of the market but it is facing initial resistance at the recent high. The current upward move is facing resistance at level 1.0780. […]
EURUSD Price Analysis – August 31 EURUSD continues to keep traction past the 1.19 mark, recapturing the upside bias to the 1.1883/80 band or daily lows after an early lower move. The pair holds gains of more than 1.19 marks to last weeks, notching fresh multi-day highs at the same time and relaunching the positive […]
GBPUSD Price Analysis – August 30 At the end of the week, the GBPUSD pair breached higher to hit a fresh 2020 high of 1.3356 marks, finishing the week with a couple of pips beneath but no sign of upward exhaustion. The lack of UK macroeconomic variables and Brexit-related news has been playing in favor […]
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. A retraced candle body tested a 61.8% Fibonacci retracement level. This indicates that the market will reach a high […]
GBPJPY Price Analysis – August 30 The GBPJPY cross continued its rapid intraday drawdown from six-month highs and fell further beneath the 141.00 marks, nearer back to the lower end of its prior daily trading range. The pair added to the gains from the prior week and continued shifting upwards as its attempt to resume […]
EURJPY Price Analysis – August 28 Upside risks have controlled the single European currency against the Japanese Yen since the prior trading session. EURJPY drops nearly 70-pips from fresh yearly highs at 126.77 level in the last hour, mainly on news that the Japanese Prime Minister Shinzo Abe is expected to step down from his […]
USDCHF Price Analysis – August 28 USDCHF sellers catch a breather under 0.9050 level during the pre-European session on Friday. The quote slumped to the intraday low for a few minutes while sustaining downside pressure conditions. Key LevelsResistance Levels: 0.9902, 0.9467, 0.9181Support Levels: 0.9000, 0.8850, 0.8639USDCHF Long term Trend: BearishOnce the USDCHF price stays low […]
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 a sideways move between levels 77.50 and 72.50. Since June the resistance at level 77.50 is yet to be broken. Presently, the pair is facing resistance at level 77.00. The pair may resume […]
