Market Analysis
- Quinton
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- Joined: October 24th, 2018, 1:14 pm
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EUR/GBP: Due to Brexit news GBP is losing its strength while now its trading at 0.8977 and EUR is set to move 0.90 level. If we look at a weekly chart then we can see massive wave movement for this pair where only from last week its bullish trend.
- Quinton
- Posts: 243
- Joined: October 24th, 2018, 1:14 pm
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AUD/CHF: AUD is gaining continuously while the Fra is acting bearish and next week is RBA rate decision week so the price will go more up next week. AUD/CHF was up 2.61% to 0.7072 late Friday, having recovered from the lows of 0.6072 struck in the previous session.
- Quinton
- Posts: 243
- Joined: October 24th, 2018, 1:14 pm
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GBP/USD: This pair is going up for around five weeks where the bids near 1.25.80. Traders are now waiting for the UK Services PMI for May so if the data carries positive news then it might go more up and next resistance wil.be 1.2650.
- Quinton
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- Joined: October 24th, 2018, 1:14 pm
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Eur/Chf: In a four-hour chart this pair is making some correction from .09 level and now it's moving at 1.0883 level so if then Eur news still comes positive then it might stay above 09 levels for this week but in an hourly chart it's just losing some prices so if the downtrend is continuous then next support will be 1.0860 level.
- Quinton
- Posts: 243
- Joined: October 24th, 2018, 1:14 pm
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Aud/Usd: Due to very less coronavirus patient Aud is absolutely gaining its prices from the last week and in an hourly it looks .slowly uptrend movement that might touch next resistance 0.7030 level and if the price touch at that level then the next resistance will be 0.71 level.
- Quinton
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- Joined: October 24th, 2018, 1:14 pm
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Usd/Cad: Due to U.S Coronavirus and latest riot news this pair is still going down to its daily chart and as today is the last day for this week so it might touch 1.3460 level but in an hourly chart, prices are recovering a bit so if it goes uptrend then resistance will be 1.3440 level.
- Quinton
- Posts: 243
- Joined: October 24th, 2018, 1:14 pm
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EUR/USD: This pair is making some corrections from the last days heavy uptrend and now in hourly chart it's staying almost at a same level so now very difficult say something but seems to me that price will make more correction and then continue its uptrend.
- Quinton
- Posts: 243
- Joined: October 24th, 2018, 1:14 pm
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GBP/USD: In an hourly chart this pair is making some corrections from 1.2600 level and in a daily chart it's showing sharp uptrend that might touch to 1.2650 level by Thursday so the things will completely rely on next hour UK meeting.