USDCHF Price Analysis – November 13 The USDCHF pair is currently trading down at 0.9131, representing a downside shift from gain to 0.9191 level during the week. The pair has pretty much erased from its weekly high. The COVID-19 vaccine news represents a challenge for the Swiss franc strength. Key LevelsResistance Levels: 0.9362, 0.9296, 0.9181Support […]
AUDUSD Price Analysis – November 13 AUDUSD hovers around the 0.7226/31 range, bouncing off a one-week low of 0.7226 level, at the beginning of Friday’s session. The Australian dollar price remains depressed by a dismal market mood, and a receding optimism on the COVID-19 vaccine exerting pressure as the USD recover some ground. Key LevelsResistance […]
EURUSD Price Analysis – November 13 The EURUSD edged higher in the prior session as bears and bulls stay on the sideline at the 1.1800 marks. The dollar, however, recovered some ground ahead of the close. The number of newly reported coronavirus cases is growing exponentially, and the health systems are stressed in Europe. Key […]
Price Analysis – November 12 The increase in momentum of the bulls will push up the price to the resistance level of $2.7, which may be penetrated and test the $2.9 and $3.3 price level. Should the bulls fail to break up the dynamic resistance level, the bears may exert pressure to break down the […]
This article was originally written in 2015 and was later published in the book “Unlock Your Potential With the Realities of Trading.” It is reproduced here for readers to understand what really happened to CHF pairs that year and why it was unprecedented. You will also understand why risk control is very important. “…One can […]
GBPJPY Price Analysis – November 11 The GBPJPY surge past the key 140.00 psychological marks while maintaining strength towards two-month highs during the early European session. GBPJPY continued gaining traction for the 3rd day in a row on Wednesday. Refreshed optimism for a Brexit deal boosts the British pound, while the upbeat market mood suppressed […]
EURCAD Price Analysis – November 11 The EURCAD pair is losing a major part of its prior day recovery gains and was last seen hovering near the lower end of its daily trading range, around the 1.5370 level. It stays constrained in sideways trading beneath the 1.5430 level and above the 1.5300 level. The weaker […]
USDCHF Price Analysis – November 10 Despite USDCHF plunge to its lowest level in recent times below 0.9000, the pair posts an impressive rebound to 0.9175 level. As US Dollar Index climbs further on Tuesday, the pair continues to push higher and the risk-on market at the start of the week made it difficult for […]
S&P 500 Price Analysis – November 10 S&P 500 pullback from the all-time high continues lower as it retreats beneath the 3350 levels during early Tuesday. The COVID-19 vaccine-induced optimism, mainly propelled by headlines from Pfizer-BioNTech research boosted the financial markets but later weakened. Key LevelsResistance Levels: 3750, 3600, 3550Support Levels: 3500, 3400, 3210S&P 500 […]
