Currency

AUDUSD Price Analysis – April 9 The Australian dollar also shifted along with global stocks, as coronavirus outbreaks, particularly in the US, are already reaching a peak. On Thursday, the AUDUSD pair pushed higher and renewed session highs in the last hour, while displaying considerable strength beyond the 0.6350 level. Key Levels Resistance Levels: 0.7031, […]

Barclays Plc shares (LSE:BARC) remain weak as sellers threaten to short further. The market has fallen so hard in the last few months and the trend remains bearish. The current bearish momentum started this year, ending the bullish effort of 2019. 4 EMAs are used for this analysis, and they are EMAs 10, 20, 50 […]

Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Bitcoin Cash has maintained its bullish run as the resistance at $240 and $260 were broken. Unfortunately, BCH reached a high of $280 but was resisted. The bears pulled back to the low of $260. The market is holding above […]

GBPJPY Price Analysis – April 8 The British pound got some momentum and pushed the GBPJPY cross to fresh session highs, above the level of 134.70. The claim that UK Prime Minister Boris Johnson has been reported to be in a stable state, although he continued in ICU, appeared to be the only variable that […]

Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish On March 2, there was a price spike as Bitcoin reached a high of $7,283.50. The bulls could not sustain the upward move as Bitcoin fell to $6,828. The bears are defending intensively the $7,000 overhead resistance. BTC is […]

EURJPY Price Analysis – April 3 The FX cross extends its lower fall into the European session early underneath the price level at 117.08 as the pair resumed lower. EURJPY acceleration downside remains intact, as sellers tend to force down prices. The pair’s potential target will be on the 116.00 marks. Key Levels Resistance Levels: […]

EURJPY Price Analysis – March 27 EURJPY fell under market pressure and tumbled to sub-118.87 levels at the time of writing. Japan’s anti-risk yen attained significant ground in the US session, driving the cross to session lows near 118.87 level amid the wide-spread vulnerability of the US dollar and the fall in US stock futures. […]

AUDUSD Price Analysis – March 19 The Australian dollar has sunk to the lowest since Thursday, October 2002, after Australia’s central bank lowered interest rates to 0.25%. Despite plummeting to 0.5506 level, AUDUSD pair spiked to fresh session tops in the last hour to about mid-0.5800s level but then stabilized after about 50 pips move […]

As of late, fears of the coronavirus have weighed down on markets. Risk currencies which include the British pound have gotten sold off in favor of safe haven assets like the Japanese yen. In fact, the daily chart of GBPJPY proves this. Created with an  ATFX MT4 account.    As of this writing, there are […]

USDCHF Price Analysis – March 3 The Fx pair stays on the defensive through Tuesday’s early European session into American session and is currently positioned close to the lower end of its daily trading range, around the low-level area of 0.9515. The risk-on flow helped the bond yields from the U.S. Treasury to stage a […]