PLUS1
Currency
EUR/CHF Resumes Uptrend, Targets Level 1.07000
01 Jul 2020 @ 07:24
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. A correction candle body tested the 0.382 Fibonacci retracement level. It indicates that the market will reach a low of 2.618 extension level. EUR/CHF’s first target will be at level 1.618 Fibonacci extension level. […]
Gold to Hit $1,800 Mark as Inflation-Hedge Assets Gains Appeal: TD Strategists Declare
01 Jul 2020 @ 07:07
Gold remains range-bound around the $1,770 level for the better part of the European session and even now as we approach the close of the session. Meanwhile, strategists at TD Securities have opined that the yellow metal will likely surpass the $1,800 mark as inflation-hedge assets gain popularity. According to the strategists, gold is on […]
USD/JPY Retests Level 107.000, Resumes Downtrend
24 Jun 2020 @ 08:03
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 USD/JPY pair is currently on a downward move. The green correction candle body tested the 0.786 retracement level. It indicates that the Yen will fall to a low of 1.272 extension level. After reaching the target price, the market […]
GBPJPY Records Intense Selling for the Fourth Straight Session, Stays Beneath 132.00 Level
24 Jun 2020 @ 07:48
GBPJPY Price Analysis – June 21 In the last session, the GBPJPY cross lost some extra ground and slipped to new monthly lows while staying beneath the 132.00 level. The collapse was supported by the strongly offered tone encircling the British pound which accompanied the last session’s policy decision by the Bank of England (BoE). […]
AUD/JPY Is in a Downtrend, Targets Level 72.000
18 Jun 2020 @ 15:09
Key Resistance Zones: 74.000, 76.000, 78.000 Key Support Zones: 66.000, 64.000, 62.000 AUD/JPY Long-term Trend: Bearish The pair is in a downward move. The market was earlier in a bearish trend. A correction candle tested the 0.786 Fibonacci retracement level. It indicates that the market will rise and reach a high of 1.272 Fibonacci level. The pair […]
USD/CAD Reaches Oversold Region at level 1.33850, Buyers Likely to Emerge
11 Jun 2020 @ 12:14
Key Resistance Levels: 1.42000, 1.44000, 1.46000 Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: Bearish The USD/CAD pair is on a downtrend. A correction candle is testing the 0.382 Fibonacci retracement level. This indicates that the Loonie will fall and reach a target price of 2.619 Fibonacci retracement level. The target price has been […]
EUR/CHF Approaching the Overbought Region, Sellers May Emerge
04 Jun 2020 @ 14:47
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 Confronts a Larger Barrier at 1.1257 Level While Exiting Overbought Positions
04 Jun 2020 @ 14:01
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 Pare Gains After Another Round Of Dismal Data from USA
28 May 2020 @ 16:16
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 Suffers Mild Decline Following Growing US-China Tensions
27 May 2020 @ 12:16
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 […]
