PLUS1
Foreign Exchange
The Sharp Recovery In EURJPY Lose Momentum, Falters Beneath The Level At 121.00
@ 22:33
EURJPY Price Analysis – February 21 The single European currency rose 88 basis points or 0.73% against the Japanese yen in the previous session. After two consecutive sessions showing strong growth, EURJPY is now losing some momentum amid JPY bulls. Key Levels Resistance Levels: 122.37, 122.87, 121.00 Support Levels: 119.99, 117.08, 115.83 EURJPY Long term […]
GBPUSD: Pound Sterling at Risk of Reaching 1.2677 on Strong NFP Report
@ 06:18
The pound sterling has been volatile over the last few weeks, and the volatility looks to increase as US data has outperformed expectations recently, and the US Non-farm payrolls figures are out this afternoon. On Friday last week, the GBPUSD pair breached a triangle pattern with a target of 1.3350, however as the dust settled […]
GBPUSD Retreats Beneath The Level At 1.31 Amid Greenback’s Resilience
@ 23:46
GBPUSD Price Analysis – January 26 GBPUSD is trading beneath the 1.31 level after reaching a new high of 1.3172, as the dollar’s resilience did not allow the pair to gain momentum. The US dollar is gaining strength in all directions. Key Levels Resistance Levels: 1.3600, 1.3514, 1.3280 Support Levels: 1.3000, 1.2582, 1.1958 GBPUSD Long […]
USDCAD Soars as the Bank of Canada Turns Dovish
@ 04:31
USDCAD soared on Wednesday as the Bank of Canada turned dovish. Until recently, the Bank has maintained a hawkish bias and left rates unchanged despite other central banks cutting rates in 2019. Yet on January 22, they turned dovish causing the USDCAD to spike higher by 86 pips. The important output gap is said to […]
No Sign Of Recovery As USDCHF Stays On The Low Level At 0.9680
@ 23:29
USDCHF Price Analysis – January 14 At the time of composing, the FX pair was trading at 0.9683 level, dropping 0.25% per day after discovering support around 0.9670 level. The USDCHF pair recovered its daily losses and was last seen trading at 0.9683 level, where it remained virtually unchanged during the day. Key Levels Resistance […]
GBPUSD Breaks Below 1.30 Amid Rate Cut Speculation
@ 02:49
GBPUSD started the trading week lower and continues 0.56% lower at 1.2984 as investors increase the bets for an interest rate cut by the Bank of England after the weak economic data released earlier today. The UK GDP came in at -0.3% below the market consensus of 0.0%, disappointing investors as this was the lowest […]
Gold Stays Constricted In A Restricted Trading Range Around $1550 Level
@ 19:03
XAUUSD Price Analysis – January 10 Gold rose in price in response to the grim release of NFP in the US, although it lacked a strong follow-up from buyers and stayed within the trading range of the previous session. Over the past 24 hours, the yellow metal has been trading in a limited trading range […]
Bitcoin (BTC) Breaches More Resistances, Attempts To Terminate Downtrend
@ 18:50
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Yesterday, the bulls made an impressive move as the bulls reach a high of $8,400. The coin was resisted and the price retraced to a low of $7,800. The support is holding which was previously a resistance […]
USD/CAD In The Crossfire Of Today's Employment Reports
@ 03:16
With both the US and Canada set to release employment figures at 13:30 GMT, USD/CAD warrants a look. Data has generally undershot expectation for Canada since the end of November. Given BOC have a base rate of 1.75%, it appears to be only a matter of time before they’re forced to lower rates. Yet Poloz […]
1.2660 remains pivotal for GBP/CHF
@ 03:23
With a bearish structure on the weekly chart and potential H&S top on the daily, we’re looking for an eventual breakdown. We can see on the weekly chart that GBP/CHF remains in a long-term bearish trend. There have also been four failed attempts to break above the 200-week eMA, with the most recent attempt being […]
