FX News Feed

FX News Feed

USDCHF Downside Move Gains Traction to Mid 0.8800 As COVID-19 Surge Weighs On

USDCHF Price Analysis – January 19 The USDCHF pair retreated around 49 pips from daily highs and is presently placed near the lower range of the trading channel between 0.8920 and 0.8858 levels. The concerns about a surge in COVID-19 cases weighed on sentiment and benefitted the safe-haven CHF. Key LevelsResistance Levels: 0.9304, 0.9187, 0.8998Support […]

4 hs

EUR/CHF Resumes Uptrend and Reverses at Level 1.0754

Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingThe pair has been in a sideways move but it is currently falling. The price has fallen to the previous low of December 9. Nonetheless, on December 10, the pair rebounded and resumed an upward move. Today, there are bullish […]

18 hs

NEO Price; Bulls Break Up $25 Price Level Aiming at $30 Resistance Level

NEO Price Analysis – January 18 Further increase in the bulls’ momentum may break up the resistance level of $30, which will increase the price to $34 – $40 price level. When the $30 level holds the price, the bears may push down the price to the $25 support level in which $34 and $40 […]

21 hs

EUR/GBP Rebounds Above Level0.8875, Resumes Uptrend

Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishEUR/GBP was in a downward move as price reached the low of 0.8869. On January 15, the pound resumed upward move. The uptrend reached level 0.8969 and pulled back. Meanwhile, the pound has to rise to level 0.9010 to be […]

1 d

EURUSD Sustains Downside Bias to 1.2053 Level Amid Increased COVID-19 Vaccine Roll-Out

EURUSD Price Analysis – January 18 The EURUSD has been struggling to recover as it sustains its downside bias to 1.2053 on Monday while still at the lower ground after tumbling last week. President-elect Joe Biden enters the White House on Wednesday and is set to advance his $1.9 trillion stimulus plan – and also […]

1 d

GBP/CHF Price Analysis — January 18

Despite widespread expectations that the Coronavirus crisis in the UK will be depleted soon, the British Pound against the Swiss Franc (GBP/CHF) continues to slide. As expected, the prevailing risk-off mood is benefiting the safe-haven CHF against other currencies. Meanwhile, Britain has seen its coronavirus case-count maintain an upward trajectory since December, despite three national […]

1 d

Silver Price: XAGUSD Rebounds From $24.00 Zone Following Risk-On and a Mixed US Dollar Outlook

XAGUSD Price Analysis – January 18 Silver (XAG/USD) prices are on the move this week as the white metal rebounds from its recent low of$24.00. Following its price action from the $24.77 opening price, XAGUSD has posted a recent high of $25.16 early in the European session. USD’s rally during the European morning session was […]

1 d

GBPUSD Upside Bias Retreats Below 1.3600 Level Amid COVID-19 Lockdown

GBPUSD Price Analysis – January 17 The GBPUSD is trading under the 1.3500 marks after the pair lost upside traction in the prior session. The pervading sentiment suggests there is still some downside move before the pair advances again. UK PM Boris Johnson announced new travel restrictions starting on Monday. Key LevelsResistance Levels: 1.3800, 1.3700, […]

1 d

XRPUSD Price Is Struggling to Break Up $0.28 Level

XRP/USD Market January 17 An increase in the bulls’ pressure may push the price to penetrate the resistance level of $0.28 level; the price may increase to $0.39 and $0.49. In case the resistance level of $0.28 holds, the price may reverse and the support levels of $0.21, $0.17, and $0.15 may be tested. Key […]

1 d

NZD/USD Is in a Downtrend, May Reach the Low of 0.6979

Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishThe Kiwi has resumed a downward move after rejection from level 0.7300. The pair fell to level 0.7100 and corrected upward. The downward move has resumed after breaking below level 0.7200. The price has broken below 21-day SMA and a […]

1 d
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Author : Michael Fasogbon


Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.