CAD/JPY Long-Term Trend: Bullish Key Resistance Levels: 91.42, 91.84, 92.60 Key Support Levels: 90.23, 89.48, 89.05 Daily Chart: The CAD/JPY pair is trading at 90.802 level, and it’s looking to retrace back on the daily timeframe. On the daily chart, we can see the bullish engulfing pattern suggesting a strong bullish bias in the CAD/JPY. On the lower side, the …
Read More »NZD/JPY Long-Term Trend: Bullish Key Resistance Levels: 79.90, 80.33, 81.01 Key Support Levels: 78.79, 78.11, 77.68 Daily Chart: The NZD/JPY currency pair is trading with a bullish bias at 79.58 level, violating the double top resistance level of 79.34 level. The pair has violated an ascending triangle pattern that’s extending buying trend in the pair on the daily timeframe. The …
Read More » EUR/JPY Long-Term Trend: Bullish Key Resistance Levels: 133.64, 134.05, 134.46 Key Support Levels: 131.98, 132.39, 132.81 Daily Chart: The EUR/JPY pair is likely to close a shooting star candlestick pattern around 133.146 level on the daily timeframe. The shooting star pattern followed by a strong bullish candle signifies odds of bearish reversal. Therefore, the EUR/JPY pair may take a bearish …
Read More » Gold – XAU/USD Long-Term Trend: Bullish Key Resistance Levels: 1885.35, 1892.65, 1897.50 Key Support Levels: 1873.20, 1868.35, 1861.05 Daily Chart: Gold is trading at 1,877 level, and it has closed a Doji pattern followed by a sharp bullish trend. This demonstrates that buyers are exhausted, and now sellers are likely to take the lead. On the lower side, the pair …
Read More » NZD/USD Long-Term Trend: Choppy Key Resistance Levels: 0.7182, 0.7193, 0.7204 Key Support Levels: 0.7160, 0.7149, 0.7138 Daily Chart: The NZD/USD pair is trading choppy between a narrow trading range of 0.7032 – 0.7157. The upward trendline supports bullish bias on the daily chart; however, the downward trendline extends bearish pressure around 0.7230 level. NZD/USD Medium-Term Trend: Bearish 1-hour Chart: On …
Read More » EUR/CHF Long-Term Trend: Bearish Key Resistance Levels: 1.1004, 1.1040, 1.1056 Key Support Levels: 1.0951, 1.0934, 1.0898 Daily Chart: The EUR/CHF is trading with a bearish bias at 1.0954 level, and it has formed a downward channel on the daily timeframe. On the lower side, the pair can find support at 1.0941 level and resistance around 1.0966. The EUR/CHF has recently …
Read More » EUR/GBP Long-Term Trend: Choppy Key Resistance Levels: 0.8635, 0.8657, 0.8669 Key Support Levels: 0.8602, 0.8589, 0.8568 Daily Chart: The EUR/GBP cross is making a choppy movement around the 0.8600 level on the daily timeframe, holding below a vital resistance area of 0.8640. On the lower side, the pair is likely to target 0.8558 levels. There’s an upward trendline that’s likely …
Read More » Gold – XAU/USD Long-Term Trend: Bullish Key Resistance Levels: 1848.50, 1849.90, 1852.15 Key Support Levels: 1844.00, 1842.60, 1840.35 Daily Chart: Gold is trading bullish at 1,863 area, having entered into the overbought zone. The precious metal is now looking to break lower in order to complete Fibonacci retracement. On the daily timeframe, the violation of 1,863 support level can extend …
Read More » EUR/USD Long-Term Trend: Bullish Key Resistance Levels: 1.2154, 1.2159, 1.2166 Key Support Levels: 1.2143, 1.2135, 1.2131 Daily Chart: The EUR/USD is violating a strong intraday resistance area of 1.2180 level and above this, the pair has the potential to go after the next target level of 1.2243 level. EUR/USD Medium-Term Trend: Bullish 1-hour Chart: On the lower time frame the …
Read More » XAU/USD Long-Term Trend: Bullish Key Resistance Levels: 1849.70, 1852.15, 1855.60 Key Support Levels: 1843.80, 1840.35, 1837.90 Daily Chart: Gold is trading with a slightly bearish bias at 1,848 level, having formed Doji and shooting start candles right below an immediate resistance area of 1,855. Closing of candles below this level is likely to drive the selling trend until the next …
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