Posts Tagged ‘news’

As the risk sentiment in the market improved, the pound and the euro appreciated against the US dollar and the yen. The EUR/USD pair looks more bullish as the support level at 1.1195 level holds but looks likely to consolidate. The resistance levels are 1.1289, 1.1311, and 1.1354. The support levels are 1.1195, 1.1155, and 1.1089. The USD/JPY pair is consolidating and the price looks set to range unpredictably. The resistance levels are 107.58, 108.23, and 108.54. The support levels are […]

Risk sentiment is improving boosting the Japanese yen and the US dollar. The EUR/USD pair is consolidating with the formation of a triple bottom pattern. The resistance levels are 1.1289, 1.1311, and 1.1354. The support levels are 1.1195, 1.1155, and 1.1089. The USD/JPY pair is weakly bullish with the 107.52 level to be pivotal today. The resistance levels are 108.23, 108.54, and 108.61. The support levels are 107.52, 106.80, and 16.43. The GBP/USD pair […]

As the market shrug off the coronavirus concerns, the risk sentiment is now recovering. The EUR/USD pair is in a consolidation pattern between the 1.1195 level and the 1.1354 level. The resistance levels are 1.1289, 1.1311, and 1.1354. The support levels are 1.1195, 1.1155, and 1.1089. The USD/JPY pair is looking bullish as the yen looks weak on improved risk sentiment. The resistance levels are 107.86, 108.23, and 108.54. The support levels are 107.52, 106.80, and 106.43. […]

The market sentiment was bearish by the end of last week and this week showing the riskier currencies to bounce back during today's Asian session. The EUR/USD pair has made a bullish breakout with a double top pattern formed at 1.1350. The resistance levels are 1.1354, 1.1517, and 1.1570. The support levels are 1.1301, 1.1281, and 1.1255. The USD/JPY pair has made a consolidation above 106.80 with a major bullish reversal from 106.15. […]

Now the market mood has changed into a risk-off sentiment causing the investments to flow towards the US dollar. The EUR/USD pair has made a bullish breakout with a double top pattern formed at the 1.1350 level. The resistance levels are 1.1465, 1.1517, and 1.1570. The support levels are 1.1301, 1.1281, and 1.1255. The GBP/USD pair is looking weakly bullish with a major bullish reversal from 106.15. The resistance levels are 17.63, […]

Gold has made a new 7-year high above the $1,770 level as a risk-on sentiment continue to drive the market. The EUR/USD pair has made a bullish breakout with a double top pattern near the 1.1350 level. The resistance levels are 1,1354, 1.1517, and 1.1470. The support levels are 1.1301, 1.1281, and 1.1255. The USD/JPY pair has hit a long-term low and a major bullish reversal from 106.15 level looks likely. The resistance levels […]

A risk-on sentiment is dominating the market at the moment. Gold is trading above the $1,750 level. The EUR/USD pair has completed a head and shoulders pattern and is now trading within a bearish wedge pattern. The resistance levels are 1.1241 1.1258, and 1.1294. The support levels are 1.1155, 1.1089, and 1.1056. The USD/JPY pair is consolidating below the strong resistance level at 107.05. The resistance levels are 107.05, 107.63, and 107.66. The support levels […]

A risk-off sentiment is dominating the forex market today to see the greenback and the yen to strengthen. The EUR/USD pair has formed a head and shoulders pattern with the neckline at 1.1218. The resistance levels are 1.1294, 1.1320, and 1.1354, The support levels are 1.1218, 1.1155, and 1.1089. The USD/JPY pair looks weakly bearish with new lower resistance level confluent with 107.00. The resistance levels are 107.05, 107.63, and 107.66. The support levels are […]

Markets lack a clear trend and look choppy at the moment. The EUR/USD pair is forming a potential head and shoulders pattern with the 1.1222 level acting as pivot at the moment. The resistance levels are 1.1280, 1.1320, and 1.1354. The support levels are 1.1222, 1.1155, and 1.1089. The USD/JPY pair is consolidating with both the currencies moving together with risk sentiment. The resistance levels are 107.63, 107.66, and 108.23. The support levels are 106.43, […]

The recovery in risk appetite has caused weakness in the greenback and the yen. The EUR/USD pair is looking bullish due to the bullish recovery in risk sentiment. The resistance levels are 1.1517, 1.1570, and 1.1624. The support levels are 1.1328, 1.1269, and 1.1222. The USD/JPY pair is consolidating with both the currencies looking weak due to risk-on market sentiment. The resistance levels are 107.86, 108.23, and 108.54. The support levels are 106.43, 106.15, and 105.21. […]