Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BullishThe price of the EUR/JPY pair has broken above the moving average lines as it faces rejection at level 143.89. The upward momentum met resistance zones at level 144.00. The price indication predicted that the level of 144.00 will act […]
The AUD/USD pair caught a fresh bid in the Asian session today, retesting the highly coveted 0.6700 level. And today, the Aussie dollar gained some muscle against the greenback with the help of better-than-forecast retail sales figures. The preliminary MoM retail sales data came in at 0.2%, exceeding analysts’ predictions of 0.1%. However, the numbers […]
Market Analysis – March 28 NZDUSD has experienced a breakout from a falling wedge on the daily timeframe. The Bears are unwilling to let go at the demand level, making it difficult for the price to rise after the bullish breakout. NZDUSD Key Levels Demand Levels: 0.6090, 0.5770, 0.5570 Supply Levels: 0.6230, 0.6350, 0.6500 NZDUSD […]
Bulls are dominating EURUSD market EURUSD Price Analysis – 27 March Bulls may be able to push the price up above the $1.10 and $1.11 resistance levels if they are successful in breaking through the $1.09 barrier level. The $1.06 and $1.04 levels may be reached if sellers apply further pressure and push the price […]
USD/JPY is currently experiencing a bit of a rebound against the Japanese Yen, but don’t let the excitement of this slight boost fool you. This move is likely just a case of Mondays, with very little in terms of economic news to cause any significant shifts in the market. Interest-Rate Prospects and Banking Sector Health […]
Traders, you might want to keep an eye on the EUR/USD currency pair as it continues to rise. Since September 2022, the pair has been on a steep uptrend, thanks to a hawkish European Central Bank (ECB) and a weaker US dollar. The ECB has remained committed to raising rates until inflation shows significant signs […]
Market Analysis – March 10 The GBPJPY market is respecting the bearish trendline on the daily timeframe. A lower high was formed on the bullish trend, which initiated the downward trend in the market. The failure swing was observed in October. The market is yet to recover from the long-term bearish trend. GBPJPY Key Levels: […]
Market Analysis: March 24 GBPJPY is currently rising within a parallel channel on the daily chart. The market experienced resistance after driving into a bearish order block formed on the 20th of December. This has caused a decline in the supporting trendline of the parallel channel. GBPJPY Key Levels Supply Levels: 168.0, 172.0, 180.0 Demand […]
Market Analysis – March 23 USDJPY experienced a change in market direction in February. The market changed from a downward trend to an upward trend. The price has experienced resistance at the 138.00 supply level. The key level is occupied by a bearish order block, which has prevented the market from further ascending. The market […]
