corona-trading

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.1349 and 1.1419.

- Support line of 1.1168 and 1.1081.

Commentary/ Reason:

- The euro changed hands at $1.1258, maintaining its gain around 0.4% since the start of week.

- Stochastic indicator is more than 80, signalling that the indicator entered overvalued range.

- RSI indicator is closing and lingers into overbought range.

- The MACD is trading below its signal line and positive.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.9529 and 0.9586.

- Support line of 0.9416 and 0.9376.

Commentary/ Reason:

- The pair unable to climb back to last two-day high and now traded at 0.9463.

- Stochastic indicator is more than 80, signalling that the indicator entered overvalued range.

- RSI indicator steadies around normal range of 50.

- The MACD is trading below its signal line and negative.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.2545 and 1.2683.

- Support line of 1.2316 and 1.2252.

Commentary/ Reason:

- Sterling traded at $1.2477, flat in early Thursday trade, though having gained 1.1% so far this week, though slumped to a new 1-month low of 1.2252 yesterday.

- Both Stochastic and RSI oscillators entering overvalued and overbought range.

- The MACD is trading below its signal line and positive.

GBPUSD