Posts Tagged ‘news’

A risk-off sentiment is dominating the market at the moment with the US dollar experiencing a sell-off. The EUR/USD pair has made a bullish breakout with the price trading near the new multi-month high. The resistance levels are 1.1517, 1.1570, and 1.1624. The support levels are 1.1354, 1.1327, and 1.1303. The USD/JPY pair is looking weakly bearish with the focus on US dollar weakness contributing to the fall. The resistance levels are 107.35, 107.76, and 107.7. […]

Markets lack strong macroeconomic data and is drifting sideways, with the pound looking bullish, and the Australian dollar looking bearish. The EUR/USD pair looks bullish above the 1.1303 level, but needs to overcome long-term resistance at 1.1354. The resistance levels are 1.1354, 1.1517, and 1.1570. The support levels are 1.1303, 1.1245, and 1.1195. The USD/JPY pair is range bound at the moment and looks likely to consolidate for a while. The resistance levels are 107.76, […]

The improving risk sentiment has boosted the pound and the euro against the greenback and the yen. The EUR/USD pair looks bullish above 1.1303 and needs to clear long-term resistance at 1.1354. The resistance levels are 1.1354, 1.1517, and 1.1570. The support levels are 1.1303, 1.1245, and 1.1195. The USD/JPY pair looks weakly bullish and looks likely to consolidate today. The resistance levels are 107.87, 108.23, and 108.54. The support levels are 107.29, 106.80, and 106.43. The GBP/USD […]

The pound and the euro are rising in value against the greenback and the yen, as the risk sentiment has improved. The EUR/USD pair looks more bullish after breaking above the 1.1250 level. The 1.13 level could offer strong resistance. The resistance levels are 1.1309, 1.1354, and 1.1517. The support levels are 1.1245, 1.1195, and 11155. The USD/JPY pair looks weakly bullish and looks likely to consolidate today. The resistance levels are 107.87, 108.23, and 108.54. […]

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 […]