GBP/USD: Key Support Nearby At 1.3650
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2y ago
Today's Key Highlights: GBP/USD started a downside correction from 1.3830. It traded below a key bullish trend line with support near 1.3750 on the 4-hours chart. EUR/USD is still trading above the 1.1525 support zone. The US ISM Manufacturing Index declined from 61.1 to 60.8 in Oct 2021 ..read more
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EUR/USD Could Extend Losses Below 1.1500
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2y ago
Today's Key Highlights: EUR/USD failed to settle above the 1.1650 and 1.1665 resistance levels. It broke a major rising channel with support near 1.1595 on the 4-hours chart. GBP/USD is moving lower and struggling to stay above 1.3650. The US ISM Manufacturing Index could decline from 61.1 to 60.4 in Oct 2021 ..read more
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EUR/USD Breaks 1.1800 To Start Recovery
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2y ago
Today's Key Highlights: EUR/USD started an upside correction above 1.1750 and 1.1800. It broke a major bearish trend line with resistance near 1.1725 on the 4-hours chart. GBP/USD is still struggling to clear the 1.3800 resistance zone. The Euro Zone Consumer Confidence could remain at -5.3 in August 2021 ..read more
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USD/CHF Could Extend Losses Below 0.9100
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2y ago
Today's Key Highlights: USD/CHF started a downside correction from the 0.9240 region. A connecting bearish trend line is forming with resistance near 0.9170 on the 4-hours chart. EUR/USD could gain pace if there is a close above the 1.1750 resistance zone. GBP/USD is still trading well below the 1.3800 resistance ..read more
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USD/JPY Approaches Key Breakout, 110.00 Presents Resistance
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2y ago
Today's Key Highlights: USD/JPY remained well bid above the 109.35 support zone. A key contracting triangle is forming with resistance near 109.95 on the 4-hours chart. EUR/USD extended its decline below the 1.1700 support zone. GBP/USD settled below 1.3800 and declined below the 1.3720 support ..read more
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AUD/USD Extends Decline, Dollar Gains Momentum
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2y ago
Today's Key Highlights: AUD/USD extended its decline below the 0.7300 support zone. It broke a major contracting triangle at 0.7325 on the 4-hours chart. EUR/USD is now trading well below 1.1800, and GBP/USD broke the 1.3800 support. USD/CAD could continue to rise above the 1.2650 resistance zone ..read more
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GBP/USD: Why 1.3800 Holds The Key In Near Term
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2y ago
Today's Key Highlights: GBP/USD is struggling to climb above the 1.3900 resistance zone. A key declining channel is forming with resistance near 1.3885 on the 4-hours chart. EUR/USD failed to clear the main 1.1800 resistance zone. The UK ILO Unemployment rate could remain at 4.8% in June 2021 (3M ..read more
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EUR/USD Recovers But Faces Key Hurdles
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2y ago
Today's Key Highlights: EUR/USD started an upside correction from the 1.1700 region. It broke a key bearish trend line with resistance near 1.1745 on the 4-hours chart. GBP/USD managed to stay above the 1.3800 support zone. USD/JPY declined below the 109.80 support level ..read more
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Gold Price Nosedives But $1,675 Is Still Intact
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2y ago
Today's Key Highlights: Gold price started a major decline after it failed to surpass $1,830. It traded below a major contracting triangle with support near $1,785 on the daily chart. EUR/USD extended its decline below the 1.1740 support zone. The US Consumer Price Index could increase 5.3% in July 2021 (YoY ..read more
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GBP/USD Corrects Lower, Why Dips Could Be Limited
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2y ago
Today's Key Highlights: GBP/USD failed to clear 1.4000 and corrected lower. A key declining channel is forming with resistance near 1.3910 on the 4-hours chart. EUR/USD could decline heavily if there is a clear break below 1.1740. Gold price dropped sharply below the $1,750 support, crude oil price is also struggling below $70.00 ..read more
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