BeanFX USD Analysis
BeanFX USD analysis page will give readers Monthly, Weekly and Daily technical analysis on major USD crosses/USD related currency pairs. The analysis will focus on some pairs such as USDJPY, USDCHF and USDCAD.
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18TH JANUARY 2020
24TH NOVEMBER 2019
3RD NOVEMBER 2019
17TH OCTOBER 2019
28TH SEPTEMBER 2019
21ST SEPTEMBER 2019
SUPPORT AND RESISTANCE LEVELS: USDCHF tested the major resistance at the 0.9990 area and retraced sharply. Price is currently at 0.99088 area. Bulls are currently trying to push price up from the bottom of the ascending channel.
Price might test the 0.9990 resistance area once more for a break above the 1.0000 psychological level. Immediate support is at 0.9840 area.
SUPPORT AND RESISTANCE LEVELS: The strength in Japanese Yen JPY across board in the last couple of days is currently giving the USDJPY Bears some fresh impetus. Price is currently at 107.500 area.
However, if price breaks the 107.500 support, then it might slide to the next support which is at 106.600 area before dropping to a stronger support at 106.000 psychological area. Resistance is at 108.500 area.
SUPPORT AND RESISTANCE LEVELS: USDCAD Bulls are currently having a tough time at the 1.3300 resistance area. Price has tested the 1.3300 area in the last four trading days and rejection wicks are now visible which shows that the Bears are doing a good job putting a solid defense at that area. Price is currently at 1.3263 area.
However, if price breaks the 1.3300 resistance area, next resistance will be at the 1.3350 area. Immediate Support is at 1.3145 area.
(Broker: Alpari … https://alpari.com/en/?partner_id=1244646)
(Broker: Exness … https://www.exness.com/a/t0q1u0q1)
(Broker: FXTM… http://forextime.com/?partner_id=4806145)