Forex Analysis - USDCAD, USDCHF, USDJPY, EURGBP, NZDJPY, and NZDUSD

Watch the video for the key trading levels for the week ahead for USDCAD, USDCHF, USDJPY, EURGBP, NZDJPY, and NZDUSD.

Overview:

Watch the video for the key trading levels for the week ahead for USDCAD, USDCHF, USDJPY, EURGBP, NZDJPY, and NZDUSD.

USDCAD Daily chart:

Monthly support at 1.3664, resistance at 1.3977.

Weekly support at 1.3705, resistance at 1.3861.

Daily support at 1.3651, resistance at 1.3804.

Price remained in consolidation last week. Will price hold at the 1.3651 daily support level and trade back up the range this week?

USDCHF Daily chart:

Monthly support at 0.9084, resistance at 0.9360.

Weekly support at 0.9059, resistance at 0.9408.

Daily support at 0.9137, resistance at 0.9317.

Price declined down to the 0.9137 daily support level last week. Will price hold at the 0.9137 daily support level and trade back up the range this week?

USDJPY Daily chart:

Monthly support at 127.21, resistance at 135.16.

Weekly support at 130.40, resistance at 133.62.

Daily support at 131.11, resistance at 132.99.

Price rallied from the 130.41 weekly support level last week. Will price retest and hold at the 131.11-130.41 daily/weekly support area this week?

EURGBP Daily chart:

Monthly support at 0.8721, resistance at 0.9230.

Weekly support at 0.8722, resistance at 0.8897.

Daily support at 0.8754, resistance at 0.8865.

Price remained in consolidation last week. Will price retest the 0.8754 daily support level and reverse back up the range this week?

NZDJPY Daily chart:

Monthly support at 80.57, resistance at 87.33.

Weekly support at 81.03, resistance at 82.31 and 84.91.

Daily support at 82.31, resistance at 83.53.

Price declined and tested the 80.57 monthly support level last week. Will price continue to decline and move below the 80.57 monthly support level this week?

NZDUSD Daily chart:

Monthly support at 0.5512, resistance at 0.6527.

Weekly support at 0.6191 and 0.6084, resistance at 0.6513.

Daily support at 0.6167, resistance at 0.6270 and 0.6275.

Price reversed down from the 0.6270-5 daily resistance area last week. Will price decline and move below the 0.6191 weekly support level this week?

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

Réglementation: ASIC (Australia), VFSC (Vanuatu)
read more
USDJPY faces a pass or fail test

USDJPY faces a pass or fail test

USDJPY extends consolidation around August’s bar. Technical signals weaken, cannot warrant a bullish trend reversal. US retail sales, jobless claims due on Thursday at 12:30 GMT
XM Group | il y a 1
GBP Market Update Insights on Recent Movements and Key Influences

GBP Market Update Insights on Recent Movements and Key Influences

The British pound (GBP) has seen a mild pullback in October, following a period of robust appreciation throughout the summer months. Despite the recent retreat, the pound remains resilient, having shown significant strength against major currencies such as the US dollar (USD) and the euro (EUR) over the course of the year.
ACY Securities | il y a 2
Will USDJPY Break Through 150 Level?

Will USDJPY Break Through 150 Level?

The Japanese yen (JPY) has recently experienced pronounced depreciation, a trend largely attributed to the sharp rise in U.S. Treasury yields following a robust U.S. jobs report released in early October.
ACY Securities | il y a 4
Dollar Holds Firm, But Will the Strength Persist?

Dollar Holds Firm, But Will the Strength Persist?

The Dollar Index remains volatile as mixed economic data sparks uncertainty around Federal Reserve policy. While stronger-than-expected CPI and job numbers initially boosted the dollar, a lower-than-anticipated PPI reading has led to speculation about a cautious Fed stance on rate cuts.
PU Prime | il y a 4