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 is in a downward move after a range-bound movement since May. The price has broken the bullish trend line. It is an indication of a further downward move. The pair is currently correcting upward at level 0.9000. […]
XAGUSD Price Analysis – August 3 On Monday, Silver inched higher to $25.00 level before falling back marginally as infection cases grew, and a tumultuous budget dispute in the US diverted more funds to safe havens. Over the last eight weeks, the white metal has been in the green, increasing its multiple months’ old uptrend […]
GBPUSD Price Analysis – August 2 GBPUSD ended the prior session at around 1.3170 level, which was the highest in four months. The weakness of the greenback is driving pounds higher while in England the currency is shrugging off restrictions on 4.3 million people. The GBP has been heavily overbought against the USD implying vigilance […]
GBPJPY Price Analysis – August 2 After 5 days of non-stop upside momentum, the GBPJPY cross returns past 138.00 marks in the prior session, with bulls now eyeing a step to taking back the June 5 mid-139.00 mark. The JPY may find buyers if COVID-19’s second wave continues to climb in speed. The spike was […]
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. According to the Fibonacci tool, the pair will fall and reach a low of 0.786 Fibonacci retracement level. That is, […]
EURJPY Price Analysis – July 31 The recovery of EURJPY fell again short of the 2020 highs, running out of steam earlier in the session in the 124.31 regions. Despite the continuing corrective downside, the extra upside momentum stays intact on the cards and is predicted to retake the 2020 highs close to 124.50 range […]
USDCHF Price Analysis – July 31 During the early European session, the USDCHF pair witnessed some selling and plummeted towards psychologically low at 0.90- the lowest level since May 2015. Furthermore, the safe-haven CHF earned from a selloff in US stock markets. Key LevelsResistance Levels: 0.9902, 0.9467, 0.9181Support Levels: 0.9047, 0.9000, 0.8969USDCHF Long term Trend: […]
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 price has broken below level 107.00 as the market resumed a downward move. The Yen has fallen and it is approaching level 104.25. A correction candle body tested 0.786 retracement level. It indicates […]
Trading is a highly competitive human endeavor, but it is also highly rewarding. The financial markets can adeptly be compared to a battlefield; therefore a trading room can be likened to “a war room,” where you engage the markets. Victorious soldiers of the financial markets are those who make average gains that are bigger than […]
