GBPJPY Price Analysis – August 5 The GBPJPY regains traction upward despite being taken aback by a withdrawal near the level of 139.00 and rapidly retreated in the early North American session around 45 pips. The GBP buyers have largely shaken off fears about the second wave of coronavirus infections and anxiety of a no-deal […]
XAGUSD Price Analysis – August 5 The white metal registered the highest level for 7 years, as bulls propel price beyond $27.00 mark during early day trading. Failures to progress past $27.15 levels, however, indicate a greater trend for the short term. Silver had another bullish session on Wednesday and now has a huge 48 […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingThe EUR/GBP pair has been trapped between levels 1.0720 and 1.0800 since July 15. The price has partially broken the key levels but has reverted to the range-bound zone. The pair is currently falling to the support level. Daily Chart […]
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 pair tested level 1.3600 and continue the downward move. A green candle body tested 0.382 Fibonacci retracement level. The market is likely to reach a low of 2.618 Fibonacci retracements. The price […]
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 a downtrend. The Kiwi is still falling and it is approaching the low of level 0.6600. A correction candle body tested the 0.786 retracement level. The price has reached its target. The market is making a […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: RangingUSD/JPY was earlier in a downward move but has risen to the range-bound zone. The upward move was resisted at level 108.00. The price is on a sideways move as it fails to break above the recent high. The Yen […]
USDCHF Price Analysis – August 4 Last week, USDCHF struggled to finish underneath the low level of 0.9056 and the demand is strengthening in the near term. The 0.9467 marks are anticipated to cap the upside rally with the pair trading at around 0.9156 level and beyond today. Key LevelsResistance Levels: 0.9902, 0.9467, 0.9181Support Levels: […]
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 trapped between levels 1.0700 and 1.0800. Today, buyers are still making frantic efforts to break above the resistance line but were repelled. In previous instances, the pair made partial breakout and then pulled back into the range-bound […]
EURUSD Price Analysis – August 3 EURUSD has begun the week on a negative basis and is adding losses underneath the 1.18 benchmark to the prior session low, all amid a widespread profit-taking trend and a strong dollar correction. EURUSD ended the session on Friday in the negative territory as the push to fresh 2-year […]
