Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishFor the past three days, the USD/JPY is in a brief rally. The pair rebounded above level 103.57 and it approaching level 105.00. The upward move is facing rejection at level 104.94. It is doubtful if the rally will continue […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishSince January 7, EUR/GBP has been falling and it has reached the low of level 0.8831. A retraced candle body tested the 61.8% Fibonacci retracement level on January 7. The retracement indicates that the pair will fall to level 1.272 […]
EURJPY Price Analysis – January 29 The common European currency has increased significantly for the 3rd day in a row against the Japanese Yen. At the back of renewed demand for the Euro, the upside momentum in EURJPY gained traction in the 125.00 zones while printing a high price past 127.00 in the present session. […]
USDCHF Price Analysis – January 29 After it rebounds from lows, the USDCHF pair has continued to attempt to break past the 0.8920 troughs while sustaining mild gains as buyers push stay capped. Moving on, a lack of major data and traders’ attention on equity news will be the key to determine near-term market direction. […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trends: BullishAU200AUD is in a sideways move below level 6800. Today, the index rebounded above level 6600 and resumed an upward move. Yesterday, the price tested the resistance at 6800 but was repelled. The downward movement will resume if the […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishAUD/JPY is now in an upward move. Since January 8, the pair has not been able to break the resistance at 81.00. The Yen has been trading below the resistance level. With each attempt at the resistance, the price would […]
Price Analysis – January 28 Should the bulls maintain their momentum to break up the resistance level of $2.7, then, the price may test the $2.9 and $3.3 levels. In case the bears defend the resistance level of $2.7, the support level of $2.4, $2.2, and $2.0 may be the target. The bullish trend may […]
AUDUSD Price Analysis – January 28 AUDUSD added to its intraday losses and fell to a weekly low below 0.7600 for the 2nd day in a row at the start of the European session. Heavy selling pressure around the AUDUSD pair intensified and knocked rates down to their lowest level in two weeks around 0.7591. […]
XRP/USD Market January 28 The increase in the bears’ pressure may push the price to penetrate the support level of $0.21 level; this may decrease the price to $0.17 and $0.10. In case the support level of $0.21 does not give way, the price may increase to the resistance levels of $0.28, $0.39, and $0.49. […]
