Currency

Key Resistance Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: Bullish EUR/CHF pair is in an uptrend. The pair rebounded at the low of 1.05000 to resume an upward move. A correction candle body tested the 0.618 Fibonacci retracement level. This indicates that the pair will rise and reach  level 1.618 […]

EURUSD Price Analysis – June 4 EURUSD ‘s latest dip from a high of 1.1257 while vacating overbought positions to a level of around 1.1200 could pave way for the rally to recover. In recent days the awaited announcement of the ECB ‘s decision has risen and improved the euro – potentially putting the FX […]

USDCAD gives up some gains after another round of dismal data from the US economy. The United States Initial Jobless Claims came in at 2123K above the expectations of 2100K in May as the layoff in the USA continues. The previous month revised higher to 2446K previously reported at 2438K. The 4-week moving average was […]

Gold (XAU/USD) dipped in the early Asia trading session on Monday as growing US-China tensions continue to influence demand on the safe-haven asset. Gold futures shed about 0.47% reaching a low of $1,724 just a few hours ago. The precious metal failed to hold on to its gains from last week’s session. Stocks, which are […]

Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Ranging The pair is currently in a sideways move between the levels of 110 and 108. The Yen was in an uptrend but it is facing resistance at level 108. The pair is on a downward move as a result of […]

Europe’s single currency, the euro, is 21 years old, but whether one is celebrating or not rather depends on which of its member-countries one lives in. For Germany, the euro has been a boon, helping the country’s mighty export machine to pile up huge trade surpluses. The same is true to a lesser extent for […]

USDCHF Price Analysis – May 16 Through the early European session, the USDCHF pair exchanged with a slight positive bias, though missing any significant follow-through buying and staying constrained beneath weekly highs. Though the level of 0.9800 remains in reach as USDCHF trades inside the triangle gaining momentum for a probable breakout. Key Levels Resistance […]

For decades, it was one of the most politically and diplomatically fraught exchange rates, the frontier between two of the largest economies in the world. Today, the yen/dollar relationship generates less heat than before, not least because Japan’s apparently-unstoppable economic progress looks less formidable than was the case in the late Eighties. Back then, the authorities in […]

EURJPY Price Analysis –  May 8 Since the prior trading session, the common European currency has risen 77 basis points or 0.67 percent against the Japanese Yen. The currency pair on Friday surpassed the upward moving average of 5. While emerging upwards after a low-level rebound at 114.39, the selling bias in EURJPY stays far […]

USDWTI Price Analysis – April 27 Oil prices started on a sour note in the last week of April, dropping over 8 percent during Monday’s session on sustained over-supply fears. A barrel of the North American benchmark, West Texas Intermediate (WTI), is losing value close to $14.50 level, marking an 8.85 percent decline on the day. […]