GBPUSD Price Analysis – January 10 GBPUSD continues to grapple with upside momentum in a bid to recover the 1.3600 level while the pair underperformed in the prior week as England returned to a March 2020 style lockdown. The UK entered a harsh lockdown to prevent hospitals from collapsing due to the new virus strain. […]
GBPJPY Price Analysis – January 10 In the new week, GBPJPY is likely to retain its upside traction beyond the mid 140.00 level while endorsing positive price action. Earlier GBPJPY has been on the back foot with GBP struggling on lockdown concerns. Key LevelsResistance Levels: 145.00, 142.71, 141.21Support Levels: 139.47, 138.00, 137.00GBPJPY Long term Trend: […]
BNBUSD Price Analysis – January 08 Inability to break down the support level of $37, the bullish trend may continue to target the resistance levels at $41, $44, and $48. In case the sellers were able to push the price below the support level of $37 and the daily candlestick close below the level, then, […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move since June. For the past two days, the Yen has been correcting upward against the downward move. If the Yen breaks the SMAs, the upward move will continue. The uptrend is […]
Key Resistance Zones: 3500, 3600, 3700Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: BullishSHCOMP is in an upward move. The bulls have broken level 3500 as the price reached the high of 3576.205. The index is facing rejection at level 3600 resistance zone. The index has no more room to […]
EURJPY Price Analysis – January 8 The EURJPY cross trades on the defensive after sellers overpowered buyers at 127.50 level. Everything being equal, the EURJPY exchange rate could continue to range during the following trading session. Key LevelsResistance Levels: 128.67, 127.50, 127.07Support Levels: 126.00, 125.00, 123.90EURJPY Long-term Trend: BullishThe exchange rate fell from 127.50 barriers […]
USDCHF Price Analysis – January 8 USDCHF eases from 0.8884 high, also the intraday top, to 0.8847 during early Friday. Even so, the quote prints 0.06% gains on a day while maintaining mild gains at the upside. USDCHF is trading around 0.8858 as rising US yields boost the dollar. Tension mounts toward US Nonfarm Payrolls […]
Price Analysis – January 08 Should the bears have enough momentum to break down the support level of $3.0, then, the price may test the $2.7 and $2.4 support levels. In case the bulls maintain their momentum, the resistance level of $3.7 and $4.4 may be reached. Key Levels: Resistance levels: $3.3, $3.7, $4.4 Support […]
AUDUSD Price Analysis – January 7 The AUDUSD pair edged lower through the European session into the American session and registered daily lows around the 0.7725 zones in the last hour. The pullback was exclusively supported by a solid US dollar rebound and dragged the pair further below mid-0.7700s. Key LevelsResistance Levels: 0.8136, 0.8000,0.7800Support Levels: […]
