Market Insight

02 Sep 2022
Fxdatapanel

EUR/CHF Outlook (Daily) and Trading Ideas -02-SEP-2022

EUR/CHF is trading 0.55% higher to 0.9801 after having touched a low of 0.9761 earlier in the Asian session. EUR/CHF has dropped more than 250 pips during the last few weeks, and the ongoing uptick seems to be a small correction phase. The intraday support levels are at 0.9734 and 0.9709....

01 Sep 2022
Fxdatapanel

EUR/CAD Daily Outlook and Trade Signal – 01-SEP-2022

EUR/CAD is currently trading 0.15% higher to 1.3212 ahead of the US session. The pair has gained nearly 300 pips during this week, and the uptrend seems intact. The intraday support levels are at 1.3115 and 1.3028. The near-term resistance zones are at 1.3247 and 1.3292. Today’s...

30 Aug 2022
Fxdatapanel

USD/CAD Outlook and Trading Ideas – 30-August-2022

USD/CAD bulls have been unable to move above the 1.3100 resistance area for nearly two weeks. At the time of writing, the pair is currently trading around 1.3011. The 1.2977 is a strong intraday support level, and a breach below this level will likely send the pair further lower towards the...

17 Aug 2022
Fxdatapanel

EUR/USD Flirts around 1.1050 with a bearish outlook – 17-AUG-2022

EUR/USD recovered from the early setback on Thursday after hitting a low of 1.0122. However, the bulls seem unable to build an upwards momentum today, and the pair is once again trading lower around 1.0156. The short-term support levels are at 1.0120 and 1.0089, while the resistance areas are at 1.0203...

11 Aug 2022
Fxdatapanel

FXDatapanel Report: Where is EUR/USD Heading? August-11-2022

EUR/USD has dropped for almost the entire period in 2022. The pair hit the multi-year low of 1.0052 on July 14 and entered a small correction phase. The price consolidated in a narrow range, and yesterday it finally managed to close above the consolidation phase. Currently, the pair is trading near 1.0335 with short-term resistance levels around 1.0378 and 1.0457. The short-term support levels are at 1.0211 and 1.0123. On a long-term basis, the EUR/USD technical outlook remains bearish, while in the short-term, the slight uptick also does not seem to translate into a more significant bullish momentum. EUR/USD...