The USD/CHF pair has dropped from Tuesday’s high and is currently trading at 0.9890. The intraday support levels are at 0.9783 and 0.9732. The intraday resistance levels are at 0.9884 and 0.9940. Despite the downtick, the recovery pattern remains intact, and the USDCHF pair may rise in the coming session.
Read moreAUD/USD bulls are struggling to move any higher and build a strong recovery pattern. Currently, the pair is trading at 0.6466. The intraday support levels are at 0.6429 and 0.6368. The near-term resistance areas are at 0.6538 and 0.6647. The intraday price pattern continues to remain bearish and the pair is...
Read moreEURGBP pair’s correction phase seems to end as the bears lose momentum. The intraday support levels are at 0.8651 and 0.8601. The near-term resistance areas are at 0.8747 and 0.8843. Yesterday’s closing has formed a sort of bullish engulfing pattern at the bottom that may speed up the recovery in the...
Read moreSpot silver is trading around a strong resistance area (20.85). The bulls appear to be losing control and only a breach above this level will keep them intact. Other than that the intraday support levels are at 20.69 and 20.32. The intraday resistance levels are at 21.33 and 21.60.
Read moreThe AUDUSD pair seems to have found strong support near the current price level. Currently, Doji and Hammer patterns at the bottom may help bulls build a strong recovery momentum. The intraday support levels are at 0.6437 and 0.6358. The near-term resistance areas are at 0.6558 and 0.6600.
Read moreUSDCAD pair’s last intraday closing has formed a bearish engulfing pattern that will mark the ongoing uptrend in the coming days. The intraday support levels are at 1.3552 and 1.3482. The intraday resistance levels are at 1.3759 and 1.3897.
Read moreOne can easily classify Forex Traders into three categories. These include
Read moreEURUSD upwards momentum seems to fade as bulls face stiff resistance around the current market level. The intraday resistance levels at 0.9857 and 0.9915. The near-term support areas are at 0.9738 and 0.9677. Bulls have been unable to breach above the psychological level of 0.99000, which may translate into another drop...
Read moreGBPUSD upwards momentum is also failing with the US dollar on its way to a recovery move. Currently, the pair is trading at 1.1204 with immediate resistance levels at 1.1250 and 1.1347. The intraday support levels are at 1.1041 and 1.0929. Last Friday’s closing has formed a Doji pattern which is...
Read moreIf you consider investing in the precious metal Gold (XAUUSD), you may wonder how to trade Gold. What are the best ways to invest in this precious metal? There are several advantages to investing in Gold. However, finding the right strategies for trading gold can be pretty challenging. You should always...
Read moreEUR/GBP has dropped to a strong support area after rising for nearly 2 weeks. However, the current drop in the EURGBP pair’s price seems temporary. The intraday support levels are at 0.8771 and 0.8715. The near-term resistance areas are at 0.8931 and 0.9035. On the intraday charts, the EURGBP pair has...
Read moreGold has recovered in the past three trading sessions. However, it’s currently trading near a stiff resistance area and is likely to take a dip. The intraday support levels are at 1646.31 and 1632.25. The near-term resistance areas are at 1669.65 and 1678.93. The XAUUSD long-term forecast is bearish as the...
Read more