The GBPUSD currency is trading above the major support level of 1.2860. As long as the price sustains above 1.2860 on a daily basis, we think the positive view may gain momentum and we will follow 1.2985 and 1.3120 as resistance level. Although, if the pair drops below 1.2860, the next support le...
Market will focus some important data from U.S. today. Industrial Production, Housing Starts and Building Permits will be announced. Ahead of U.S. data, the EURUSD pair has extended gainings. If the price sustains on a daily basis above 1.0980, we think the bullish action may continue. Otherwise,...
The USDJPY pair went beyond the 113.60 key level but could not retain the value and it is trading below the 113.60 key resistance level. As long as the pair remains stable below 113.60 on four-hourly basis, we expect the downward movement may continue and we will face support levels at 112.75 and...
U.S. Oil price has extended gainings and it is trading above the 48.70 support level. In the event that the upward move continues, we will face resistance levels at 49.30 and 49.80. On the other hand the price falls below 48.70, the next support level will be at 48.15. However, as long as the pri...
After found buyers above the 1210 daily support level, Gold price closed last week above the 1226 key support level. As long as the price remains stable above 1226, we expect the price may gain more value and we will watch resistance level at 1236 and 1255. On the other hand, if the price drops b...
We focused BOE Interest Rate Decision and BOE governor Carney speech last Thursday. After that the GBPUSD pair dropped to a daily support level of 1.2860 and closed week above that level. However, as long as the price sustains above 1.2860 on a daily basis, the Sterling may find buyers and...
U.S Inflation data missed expectation last friday. U.S. Consumer Price (YoY) was expeted in at 2.3% and released at an actual 2.2%. After Soft Inflation data, the EURUSD pair jumped dramatically and closed last week above the 1.0920 support level. In the event that upward movement continues, we w...
The AUDUSD pair is trading above the daily support level of 0.7385. As long as the pair remains stable above 0.7385 on a daily basis, we think we think the AUD may gain more value against the greenback and we will follow resistance levels at 0.7399 and 0.7421. On the other hand, if the pair falls...
The USDCAD pair has fluctuated around the 1.3703 key resistance level all week and it is testing that level now. In order for the Dollar to gain more value against the Swiss Franc , it needs to rise and remain above 1.3703. At this point, the next resistance level will be at 1.3920. Otherwise we...
The USDCHF pair found buyers from the daily support level of 0.9870 and surged sharply to the 1.0090 key resistance level this week. In order for the upward trend to continue, it needs to rise and remains above 1.0090. At this point, the next resistance level will be at 1.0130. Otherwise we...
Gold price showed an upward movement yesterday and it is trading above the 1226 key support level. As long as the price remains above 1226, we expect the price may gain more value and we will face resistance levels at 1236 and 1255. On the other hand, if the pair drops below 1226, the next suppor...
The USDJPY pair tested the 113.60 key support level but it could not break that level yesterday.. As long as the pair remains above 113.60 on four-hourly basis, we expect the positive view may continue. At this point, we will face resistance levels at 114.80 and 115.85. Although, if the pair drop...
After BOE Interest Rate Decision and Inflation Report yesterday in U.K., the GBPUSD pair dropped to a daily support level of 1.2860 and then found buyers from that level. As long as the price sustains above 1.2860 on a daily basis, the positive view may be behind Sterling and we will follow again...
The EURUSD pair is still trading below the 1.0885 key resistance level. As long as the pair trades below 1.0885, we think the Dollar may gain more value against the Euro and we will face support levels at 1.0835 and 1.0780. On the other hand, if the pair goes beyond 1.0885, the next support level...
Crude oil inventories fell by 5.2 million barrels in this week which surprised the market and then the U.S Oil price surged yesterday. It is now trading above the 47.15 key support level. As long as the price remains above that level on four-hourly basis, we think the upward movement may continue...
