Browsing Tag

us dollar

Gold Price and Crude Oil Price Could Rise Further

Gold price is trading in a strong uptrend above the $1,500 support area. Crude oil price is also likely to gain bullish momentum once it clears the key $55.50 resistance area. Important Takeaways for Gold and Oil Gold price found support near the $1,490 level and is currently climbing higher ...

EUR/USD Could Decline While USD/JPY Is Climbing

EUR/USD is struggling to gain momentum above the 1.1220 and 1.1240 resistance levels. USD/JPY climbed higher recently and it remains supported on dips above 106.00. Important Takeaways for EUR/USD and USD/JPY The Euro tested the key 1.1250 resistance area recently and it is currently trading in ...

GBP/USD and EUR/GBP: British Pound Extending Losses

GBP/USD remained in a significant downtrend and declined below the 1.2100 support. EUR/GBP is trading with a bullish bias with a strong support near 0.9250. Important Takeaways for GBP/USD and EUR/GBP The British Pound declined heavily below the 1.2200 and 1.2100 support levels. There is a ...

AUD/USD and NZD/USD Sighting Strong Recovery

AUD/USD started a decent recovery from the 0.6677 swing low and traded above 0.6750. Similarly, NZD/USD is now attempting an upside break above the 0.6500 resistance. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar recovered nicely and settled above the 0.6750 resistance against ...

EUR/USD Climbing Higher While USD/CHF Is Facing Hurdles

EUR/USD started a solid recovery from the 1.1040 area and climbed above 1.1150. Conversely, USD/CHF declined heavily and settled below the key 0.9800 support area. Important Takeaways for EUR/USD and USD/CHF The Euro recovered nicely above the 1.1100 and 1.1150 resistance levels against the US ...

GBP/USD Could Recover, USD/CAD Remains Supported

GBP/USD declined heavily this past week below the 1.2250 support area. USD/CAD is climbing higher and remains well supported above the 1.3200 level. Important Takeaways for GBP/USD and USD/CAD The British Pound fell significantly after it broke the 1.2250 and 1.2200 support levels. Recently, ...

Gold Price Could Bounce Back While Crude Oil Price Is Facing Hurdle

Gold price climbed higher sharply from the $1,400 support area and is currently correcting lower. Conversely, crude oil price is under pressure and is facing hurdles. Important Takeaways for Gold and Oil Gold price climbed higher sharply from the $1,400 support area to $1,445 against the US ...

EUR/USD Correcting Losses, USD/JPY Remains In Uptrend

EUR/USD declined heavily and recently started an upside correction from the 1.1110 support area. USD/JPY is trading in a solid uptrend and it could continue to rise above 108.80 and 109.00. Important Takeaways for EUR/USD and USD/JPY The Euro declined heavily after it broke the 1.1265 and ...

GBP/USD and EUR/GBP: British Pound Turned Bearish

GBP/USD declined heavily below the key 1.2480 and 1.2425 support levels. EUR/GBP is currently climbing higher and it could even climb above the 0.9000 resistance area. Important Takeaways for GBP/USD and EUR/GBP The British Pound started a major decline after it failed to stay above the 1.2460 ...

EUR/USD Tumbles While USD/CHF Is Rising Steadily

EUR/USD declined below the key 1.1205 support area to move into a significant downtrend. Conversely, USD/CHF is climbing higher steadily and recently broke the 0.9850 resistance area. Important Takeaways for EUR/USD and USD/CHF The Euro declined heavily and broke many supports near the 1.1200 ...