Market Analysis – February 20 AUDJPY weakness as buyers show expansion. AUDJPY is currently exhibiting signs of weakness as buyers continue to aim for expansion. Recent price action has shown that buyers are making notable strides. This has been seen particularly in their recovery from the significant level of 95.560. AUDJPY Key Levels Support Levels: […]
The market landscape for AUDNZD, EURNZD, NZDCHF, EURGBP, and AUDCAD reflects dynamic movements amid fluctuating global economic conditions. These currency pairs are exhibiting varying trends, presenting potential opportunities for traders. While a few markets are making solid gains, buyers have largely been in control for some. Below is the market analysis for today. AUDNZDMajor Bias: […]
Market Analysis – December 16 AUDJPY signals strong bearish momentum toward key support levels. The AUDJPY pair currently trades below the 9-day SMA at $97.030, indicating a bearish sentiment. The stochastic RSI shows a modest recovery but remains weak, with values at 63.77 and 46.56, suggesting the pair could face selling pressure soon. AUDJPY Key […]
The Australian Dollar (AUD) experienced a drop ahead of the weekend as investors reacted to a less-than-expected stimulus package from China. Market participants had eagerly awaited the National People’s Congress (NPC) for a potential boost to the Chinese economy, which would have had a positive ripple effect on assets closely tied to China, such as […]
Market Analysis – July 18 The AUDJPY currency pair has experienced a significant decline, marking five consecutive days of downward movement. This persistent downward spiral has driven the price to the key demand level of 105.00. AUDJPY Key Levels Demand Levels: 105.00, 101.30 Supply Levels: 106.60, 108.20 AUDJPY Long-term Trend: Bullish Despite the recent decline, […]
Forex markets remained relatively subdued on Tuesday, as major currency pairs showed limited movement within tight ranges. The day saw the US Dollar experiencing a modest uptick, against a backdrop of cautious sentiment prevailing in both Asian and European markets. Despite this, Wall Street managed to eke out modest gains ahead of the anticipated release […]
At the beginning of the year, Australia overtook Russia to become China’s primary coal provider, coinciding with the ongoing improvement in bilateral relations between Beijing and Canberra. In January and February, Chinese customs data revealed a remarkable 3,188 percent surge in imports, amounting to US$1.34 billion, compared to nil shipments in January 2023. Australian coal […]
Market Analysis- February 28 AUDJPY is experiencing a shift in market dynamics. The tide has turned, with sellers managing to slip out while buyers bow to the mounting pressure. Over the past few weeks, buyers of the AUDJPY pair have exhibited remarkable strength, propelling the market forward. . However, this week has witnessed a notable […]
Market Analysis – December 18 AUDJPY buyers return to the market as the price leaves the discount zone. The market experiences a prevailing surge in positive momentum, marked by intricate variations in prices oscillating between the premium and discount zones. The current upward trend originates from a recent retreat near the rejection block, hinting at […]
