USDCHF Price Analysis -December 4 Despite heavy selling on USDCHF for 3 days in a row went beneath the 0.8900 level to fresh multi-year lows, the pair may likely rebound in subsequent sessions. The US dollar index may prolong its recent weak sentiment amid signs of progress towards additional US fiscal stimulus. Key LevelsResistance Levels: […]
Price Analysis – December 04 When the bears’ momentum increases, the price may penetrate the $2.9 level and the low of $2.7 and $2.4 levels may be reached. In case the $2.9 support level holds, the price may reverse and face the resistance levels at $3.3, and $3.8. Key Levels: Resistance levels: $3.3, $3.8, $4.5 […]
AUDUSD Price Analysis – December 3 The AUDUSD pair managed to reverse an early session dip to the 0.7400 level, albeit lacked any follow-through and stays around the recent swing highs. The downtick lacked any obvious fundamental catalyst and was quickly bought into amid a softer safe-haven USD sentiment. Key LevelsResistance Levels: 0.7620, 0.7500, 0.7436Support […]
EURUSD Price Analysis – December 3 EURUSD has maintained an upside rally following the breach above the 1.2100 level and it’s poised to reach the 1.2150 level. The pair has been influenced by two main market drivers from the recent covid-19 vaccine breakthrough and the US fiscal stimulus package. All in all, it seems like […]
GBPJPY Price Analysis – December 2 GBPJPY trades beneath 140.45 level after the EU’s Barnier said that a Brexit deal hangs in the balance and that three issues remain open. The pair trim gains at 140.45 level while easing to 139.33 level, down 0.01% intraday, during the European session on Wednesday. Key LevelsResistance Levels: 142.71, […]
EURCAD Price Analysis – December 2 After the upside breach in EURCAD to 1.5636 early Wednesday’s European session, the price put in an impulsive move lower due to a corrective pullback. Sellers’ activity pushed the EURCAD beneath the 1.5600 level which may be followed by more impulsive buying. The Canadian Dollar was recently boosted by […]
XRPUSD Price Analysis – December 02 In case the bears increase their momentum and the daily candle close below the support level of $0.61, the price may drop to the support level at $0.55, and $0.49. On the other hand in case the support level of $0.61 holds, then, the price will continue its bullish trend […]
ADA Price Analysis – December 02 The price may reach the support level of $0.10 provided the bears were able to push down the price to penetrate the support level of $0.13 and $0.11. Above the current price level, resistance levels are found at $0.15, $0.17, and $0.19. ADA/USD Market Key Levels: Resistance levels: $0.15, […]
USDCHF Price Analysis – December 1 USDCHF continued its losing streak on Tuesday and plunged towards the 0.9000 level. In doing so, the pair marked reversal from the 0.9100 zones after key fundamentals on the Swiss GDP came positive. Key LevelsResistance Levels: 0.9207, 0.9150, 0.9055Support Levels: 0.8998, 0.8943, 0.8850USDCHF Long-term Trend: BearishMore broadly, despite the […]
