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Daily Market News — August 19th 2020

The US dollar is experiencing a sell-off. The US stock market, the pound, and the euro are the major gainers. The EUR/USD pair looks very bullish and is trading near hew 2-year high price. The resistance levels are 1.2006, 1.2187, and 1.2260. The support levels are 1.1916, 1.1897, and 1.188. The USD/JPY pair looks weakly bearish and the resistance 105.73 is likely to be the day's pivotal point. The resistance levels are 105.73, 105.97, […]

Daily Market News — August 17th 2020

The trading week has begun with the Japanese yen and the Australian dollar showing slight weakness. The EUR/USD pair is going through a bullish consolidation with the bullish trend likely to resume after New York close above 1.1876. The resistance levels are 1.1863, 1.2005, and 1.2187. The support levels are 1.1827, 1180, and 1.1745. The USD/JPY pair is trading above the support level at 106.43 and the direction looks unclear at the moment. The resistance […]

Daily Market News — July 29th 2020

The US dollar is seeing a short-term recovery at the moment. The EUR/USD pair has made a bearish retracement and the bullish trend still looks likelty to resume. The resistance levels are 1.1779, 1.1829, and 1.1848. The support levels are 1.1685, 1.1624, and 1.1517. The USD/JPY pair looks bullish as the US dollar has made a significant recovery. The resistance levels are 105.67, 106.15, and 106.43. The support levels are 105.09, 104.09, and 103.07. The GBP/USD pair […]

Daily Market News — July 28th 2020

The US dollar has made a strong comeback in the recent hours. This is seen as a temporary recovery at the moment. The EUR/USD pair has made a bearish retracement as the bullish trend seems still likely to resume. The resistance levels are 1.1779, 1.1829, and 1.1845. The support levels are 1.1665, 1.1624, and 1.1517. The USD/JPY pair looks bullish as the US dollar has made a significant recovery. The resistance levels are 105.67, 106.15, and 106.43. The support […]

Daily Market News — July 27th 2020

The greenback is experiencing a strong sell-off against gold and the euro. The EUE/USD pair looks very bullish and is trading at new 18-month high prices. The resistance levels are 1.1779, 1.1819, and 1.1848. The support levels are 1.1685, 1.1624, and 1.1517. The USD/JPY pair looks bearish as the greenback looks very weak and the yen is gaining against it. The resistance levels are 105.67, 106.15, and 106.43. The support levels are 106.21, 104.09, […]

Daily Market News — July 23rd 2020

The forex market is seeing more volatility as the US dollar sells off strongly at the moment. The EUR/USD pair looks strongly bullish with the market making another long-term high close yesterday. The resistance levels are 1.1624, 1.1685, and 1.1779. The support levels are 1.1565, 1.1517, and 1.1394. The USD/JPY pair is consolidating in a range and is going nowhere at the moment. The resistance levels are 107.24, 107.43, and 107.78. The support levels are […]

Daily Market News — July 22nd 2020

The forex market is seeing volatility with the US dollar selling off strongly at the moment. The EUR/UJSD pair looks very bullish making another long-term high close yesterday. The resistance levels are 1.1570, 1.1624, and 1.1685. The support levels are 1.1517, 1.134, and 1.1371. The USD/JPY pair is ranging and looking weakly bearish. Both the currencies are acting as safe havens at the moment. The resistance levels are 106.87, 107.09, and 107.43. […]

Daily Market News — July 21st 2020

Risk currencies are appreciating in value against the safe haven assets over the past day. The EUR/USD pair looks still bullish making another long-term high close yesterday. The resistance levels are 1.1517, 1.1570, and 1.1624. The support levels are 1.1394, 1.1371, and 1.1321. The USD/JPY pair is ranging with both the currencies are acting as safe havens at the moment. The resistance levels are 107.43, 107.76, and 107.87. The support levels […]

Daily Market News — July 20th 2020

The forex market is seeing a recovery by the greenback, but the euro looks even more bullish. The EUR/USD pair has made a long-term bullish breakout above 1.14. The resistance levels are 1.1517, 1.1570, and 1.1624. The support levels are 1.1394, 1.1371, and 1.1321. The USD/JPY pair is ranging with both currencies acting as safe havens. The resistance levels are 107.43, 107.76, and 107.67. The support levels are 107.09, 106.43, and 106.15. […]

Daily Market News — July 16th 2020

The markets are experiencing a short-term risk-off retracement within a long-term risk-on environment. The EUR/USD pair has made a bullish breakout above the 1.14 level with the momentum still being up. The resistance levels are 1.1517, 1.1570, and 1.1624. The support levels are 1.1371, 1.1321, and 1.1297. The USD/JPY pair looks weakly bearish with both the currencies acting as safe havens. The resistance levels are 107.10, 107.43, and 107.76. The support levels […]

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