The dollar set a two-month high against the yen and the USDJPY pair is trading just above 108.78. As long as the price stays above 108.78, on a four hourly basis, the rise may continue and we will see 109.35 as a daily resistance level. On the other hand, if the price drops below 108.78, the next...
The GBPUSD pair has been falling for five consecutive days. In the event that the downward movement continues, we will watch the daily support level of 1.3880. However, as long as the price stays above 1.3880, on a daily basis, the downward movement may be limited. In this case, we will face 1.39...
The US dollar set a three-month high against a basket of currencies. The EURUSD pair showed a downward movement. In the event the bearish action continues, we will face 1.2171 as a support level. Moreover, in order for the fall to gain more momentum, it needs to break down 1.2171. Otherwise, if t...
The GOLD price found sellers from the 1352 resistance level last week. In the event that the fall continues, we will face 1330 as an important support level. However, as long as the price sustains above 1330, the downward movement may be limited and we will see resistance level at 1352 again. Ot...
The dollar was higher against the safe-haven yen last week and the USDJPY pair reached the 107.65 key resistance level. Watch out for the BoJ Interest Rate Decision this week. The BoJ Monetary Policy Decision will be announced on Friday. No change is expected in monetary policy while p...
Sterling dropped significantly after disappointing CPI figures last week. Headline UK CPI unexpectedly eased to 2.5% in March from 2.7% previously while core CPI eased to 2.3% from 2.4% The expectations of a May rate hike have dropped with inflation falling, In the upcoming week,...
The EURUSD pair closed last week below the daily resistance level of 1.2314. As long as the price sustains below that level on a daily basis, the downward movement may continue and we will see 1.2232 and 1.2171 as support levels. On the other hand, if the price goes beyond 1.2314, the next resist...
The BTCUSD is trading above the 8143 support level. As long as the price stays above 8143, on four hourly basis, the rise may continue and the resistance level will be at 9872. On the other hand, if the price drops below 8143, the next daily support level will be at 6433. Support: ...
The USDCAD pair has moved up for two days. Ahead of Canada CPI and Retail Sales data, the USDCAD pair is trading above the 1.2658 support level. In the event that the price rises above 1.2658 the resistance level can be found at 1.2699 and 1.2754. Although, If the price drops below 1.2658, the ne...
The EURUSD pair is now trading just above the 1.2384 main level. As long as the price stays above 1.2384, on a four hourly basis, the upward movement may continue and we will see the 1.2465 resistance level. On the other hand, if the price falls below 1.2384, the next support level can be found a...
The GBPUSD pair showed a downward movement after disappointing CPI figures were published yesterday. In the event that the pullbacks continue, we will face 1.4130 as a support level. On the other hand, if the price moves up, the resistance level will be at 1.4277. Support: 1.4...
The USDJPY pair is moving up towards the main resistance level of 107.65. In order for the bullish action to continue, it needs to rise and stay above 107.65 on a four hourly basis.In this case, the next resistance level can be found at 108.78. Otherwise, we will face the 106.46 main support leve...
The GOLD price moved up and it is now trading above the 1352 main level. As long as the precious metal sustains above 1352, the rise may continue and we will follow 1367 as a daily resistance level. Although, if the price drops below 1352, the next key support level will be at 1330. Sup...
The Crude Oil Price rose significantly today on news that OPEC and non-OPEC partners are unlikely to change the supply cut deal in June. The Crude Oil Inventories will be announced in 15 minutes. Ahead of the Stock data, The price is trading just below the main resistance level of 67.79...
The Silver price showed an upward movement and it is trading above the 16.94 main level. As long as the price sustains above 16.94, on a daily basis. the rise may accelerate and we will follow 17.30 and 17.65 as resistance levels. On the other hand, if the price drops below 16.94, the next suppor...
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