USDCHF Price Analysis – January 15 The USDCHF pair is on the path to probe the 0.8918 December highs. The upside traction awaits a break of 0.8920 barriers and above would open the path towards the mid 0.9000 level. Recent fundamentals of President-elect Biden’s fiscal plan underlines the negative backdrop for USD that lies ahead. […]
Price Analysis – January 14 Should the bears maintain their momentum to break down the support level of $2.4, then, the price may test the $2.1. In case the bulls defend the support level of $2.4, the resistance level of $3.0, $3.3 and $3.7 may be the target. The bullish trend may continue. Key Levels: […]
AUDUSD Price Analysis – January 14 AUDUSD pair continues upside move with a fresh bid during the European session, now extending the upside bias towards 0.7800 amid $2 trillion US stimulus plan announcement, as markets await further trading impetus. Key LevelsResistance Levels: 0.8170, 0.8136, 0.7800Support Levels: 0.7725, 0.7635, 0.7461AUDUSD Long term Trend: BullishAs seen on […]
EURUSD Price Analysis – January 14 The EURUSD pair remains on the back foot and retreats beneath 1.2150 to register a European session low of 1.2135 level. At the time of this post, the European currency is hovering up at the 1.2164 level. The new American administration is set to announce a generous stimulus package […]
XRP/USD Market January 13 Should the bulls increase their pressure, the price may penetrate the resistance level of $0.39 level; the price may increase to $0.39 and $0.62. In case the resistance level of $0.39 holds, the price may reverse and the support levels of $0.28, $0.21, and $0.17 may be tested. Key Levels: Resistance […]
EURCAD Price Analysis – January 13 The EURCAD pair trades under the 1.5550 level after meeting a strong barrier at the 1.5785 level in an upside correction. EURCAD is slipping to sellers’ territory and well on its way for prospects of a price correction. Crude oil made a new swing high and at the same […]
The dollar came under selling pressure in America in the afternoon, as equities cut intraday losses and showed moderate gains and US Treasury yields increased. Sterling generally jumped today after the head of the Bank of England criticized negative interest rates associated with many problems. Commodity currencies are currently the next strongest, having partially overcome […]
USDCHF Price Analysis – January 12 The USDCHF pair rebound continues to the upside but pauses temporarily under the 0.8920 level after rallying as high as the 0.8916 level. The major factor hurting risk assets on the day has been the rise in US real and nominal bond yields which continues to dictates pace. Key […]
ADA Price Analysis – January 12 Should the buyers gain enough momentum and the daily candle closes above $0.34 level, ADA/USD may increase to $0.38 – $0.45. In case the sellers defend the $0.34 level, the bears’ pressure may likely reduce the price. However, the next support levels can be found at $0.27, $0.24, and […]
