Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingSince on June 29, EUR/GBP has been fluctuating between levels of 0.89500 and $0.9150. These range-bound levels have not been broken in the last three months. Today, price is rising to retest the resistance level. Daily Chart Indicators Reading:The 50-day […]
EURUSD Price Analysis – August 24 The Euro recovered traction during the European session on Monday after the decline of 0.5 percent on Friday, but there is still a risk of a deeper pullback. The multi-month high pullback at 1.1965 level meets buyers at 1.1754 level, and the continuing extension past 1.1800 level today, triggers […]
GBPUSD Technical Analysis – August 23 The GBPUSD pair ended the week unaltered in the price region of 1.3085, retreating from the year-high at 1.3267 level tested during the mid-week preceding. Nonetheless, the Brexit-related news was not so positive as yet another round of talks ended without success. Key LevelsResistance Levels: 1.3514, 1.3303, 1.3185Support Levels: […]
GBPJPY Price Analysis – August 23 The GBPJPY cross stayed subdued over the previous session and was last seen floating close to weekly lows, around the region of 138.43. A mix of factors supported the steady decrease, as investors await news on the current round of Brexit negotiations. Key LevelsResistance Levels: 147.95, 144.95, 141.24Support Levels: […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingNZD/USD pair is in an upward move. Since June, the pair has been fluctuating between levels 0.6500 and 0.6700. The price is rising to retest the resistance line. The key levels are yet to be broken as the pair fluctuates. […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: BearishUSD/JPY is in a downward move. The pair faces rejection at level 107.00. The Yen fell to level 105.283 and corrected upward. A green candle body tested 0.618 Fibonacci retracement level. The Yen will fall and reach a low of […]
EURJPY Price Analysis – August 21 Following last week’s 2020 highs close to level 126.80, EURJPY has proceeded on a corrective downside, which is now experiencing its 5th straight session. Early in the European session on Friday, the eurozone’s single currency declined by 65 basis points or 0.40 percent against the Japanese Yen as of […]
USDCHF Price Analysis – August 21 The USDCHF pair stays underneath the sellers’ influence through the early European session and was last seen trading near daily lows, with the pair now eyeing a break below the 0.9050 marks. A turnaround in the global risk market dominates USDCHF traction beneath 0.9100 level as Swissy retains safe-haven […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: Ranging EUR/GBP pair is in a sideways move. It is fluctuating between levels 0.8950 and 0.9100. The price is fluctuating in the middle of the price range. The pair is on a downward move to the lower price range. Daily […]
