Currency

EURJPY Depreciates to Lows Near 128.00 Following COVID Resurgence

Nov 27 2021 @ 05:48
EURJPY Price Analysis – November 27 EURJPY pair fell for the third session in a row on Friday, depreciating to the area of recent lows in the 128.00 range. As the new strain of COVID weighs heavily on investors’ sentiment, strong buying interest in the Japanese yen puts EURJPY under added pressure in the sub-129.00 levels. Key […]
 

EURUSD Hovers Near Multi-Month Low, Under 1.1250 Level

Nov 24 2021 @ 00:16
EURUSD Price Analysis – November 24 Throughout the session, the EURUSD pair remained on the losing side and was last seen moving with considerable losses around the 1.1250-36 level. The announcement that the White House has opted to reappoint incumbent Fed Chair Jerome Powell for a second term sparked the recent strong dip. The spot is trading […]
 

USDJPY Looking Forward to a Bullish Ride After Accumulation

Oct 29 2021 @ 19:37
USDJPY Analysis – Price Is Looking Forward to a Bullish Ride at the 113.400 Significant Level USDJPY is looking forward to a bullish ride after several accumulations at a significant price level of 113.400. Market accumulation proceeded due to price action seeking to give both the buyers and sellers their positions in the market. Furthermore, […]
 

AUSUSD Rises Past 0.7550 Despite Rising Us T-Bond Yields

Oct 29 2021 @ 19:28
AUDUSD Price Analysis – October 30 The AUDUSD trades higher at 0.7554 at the time of writing, up 0.50 percent during the American session. In the near term, the pair could drop lower but it remains a buy on dips. The US Dollar Index, which gauges the performance of the greenback, falls 0.6 percent to […]
 

GBP/USD Is in Sideways Move, Battles Resistance at Level 1.4000

Sep 15 2021 @ 07:25
Key Resistance Levels: 1.4200, 1.4400, 1.4600 Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: Ranging Since September 3, GBP/USD is stuck at level 1.3891. The bulls have made three attempts to break the resistance at the recent high but to no avail. On September 3, the currency pair was repelled as it fell to 1.3726 low. […]
 

XAGUSD Surges on Dismal US Jobs Report Amid Depressed Dollar

Sep 10 2021 @ 02:55
XAGUSD Price Analysis – September 10 Silver (XAG) is up 3.90 percent from the last session, assisted by the dismal NFP report, which came in below forecasts. XAGUSD reached $24.87, its highest level in a month, as per the technical analysis. The dollar stays depressed overall, extending weekly losses. Key Levels Resistance Levels: $26.00, $25.50, $25.00 Support […]
 

EURCHF Keeps Retesting Zones as It Continues to Range

Aug 25 2021 @ 08:37
EURCHF Price Analysis ­– August 24 EURCHF keeps retesting between the 1.0070 resistance key level and the 1.0700 support level. The market has been kept back by its bearish trend. This is due to price rejection between the two key zones. The EURCHF market has been battling to continue its bearish trend and has been […]
 

USDCHF Slide Poised To Remain, Swissy Gains From Safe-Haven Status

Aug 25 2021 @ 08:25
USDCHF Price Analysis – August 25 During Tuesday’s European trading hours, the USDCHF maintain its decline and struck a low of 0.9117 after sliding from the prior day’s high of approximately 0.9178. Amid concerns about the coronavirus and a resurgence in the global economy, the Swiss franc gains on its safe-haven status. At the time of this […]
 

Gold (XAUUSD) Consolidates Above $1,720, Further Selling Pressure Is Likely

Aug 16 2021 @ 22:36
Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Bearish Gold price is in a downward move. On August 9, the XAUUSD fell to $1,677 low and corrected upward. Today, the market has risen to a level $1,756 and a further upward correction. Meanwhile, on June 17 downtrend; a […]
 

XAGUSD Attempt at Further Recovery Stays Beneath $26.00

Aug 16 2021 @ 22:26
XAGUSD Price Analysis – August 17 Silver has made another attempt to climb higher and has recouped some of its previous losses, but the XAGUSD pair still has a long way to go before the buyers are secure. As buyers observe the gap between central banks and mixed greenback over its peers during times of heightened risk […]
 
 
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