Market Analysis – December 27 EURCHF lurks in consolidation between the 0.9900 supply level and the 0.9820 demand level. Throughout December, the market has been stuck in a range. EURCHF Key Levels Demand Levels: 0.9820, 0.9790, 0.9650 Supply Levels: 0.9900, 0.9950, 1.0000 EURCHF Long-term Trend: Ranging EURCHF is currently moving sideways on the daily chart. […]
Following the Bank of Japan’s (BoJ) unexpected second-in-a-day bond purchase operation, the USD/JPY pair continued to fall from the Asian session into the late North American session. The yen is trying to end a losing streak against the dollar that has lasted five days. In an effort to limit yields, the Bank of Japan announced […]
Silver price heading towards north SILVER Price Analysis – 29 December More selling pressure will lower the price below the $22 support level and might cause it to go as low as $21 and $20. When bulls defend the $22 price level, silver’s price may rise and break through the $23 resistance level, which might […]
Since five trading sessions ago when XAU/USD price tested the support level of $1,790, price action has become more bullish on average. Furthermore, in this ongoing session, buyers are already in control and may push prices higher in this session. Let’s further examine market activities to make better trading decisions. Major Price Levels: Top Levels: […]
Market Analysis – December 28 USDJPY continues to crash in stepwise order. The market turned a new leaf in August. The Stochastic was in the oversold region as August kicked in. Buyers filled their orders at the 131.50 level. The buying pressure took the price of USDJPY to the moon. The daily candle rose above […]
Market Analysis – December 27 USDCAD Breaks out of a symmetrical triangle on the daily chart. The market has witnessed a bearish displacement towards demand zones. The cross of the bearish trendline and the bullish trendline has fostered a breakout. USDCAD Key Levels Supply Levels: 1.3700, 1.3800, 1.3850 Demand Levels: 1.3540, 1.3390, 1.3300 USDCAD Long-term […]
Tuesday’s holiday-weakened trading saw the Australian dollar (AUD) rise to about $0.675; China’s announcement that it will abolish quarantine rules for incoming tourists beginning on January 8 symbolized the end of its “zero-Covid” policy and boosted market sentiment. Australian Dollar Comes On Top The resumption of China’s outward visa issuance on January 8 made the […]
Buyers’ momentum may further increase AUDUSD Price Analysis – 28 December The resistance level of $0.68 may be broken upward when buyers acquire more traction, and the positive momentum may continue to $0.70 and $0.72 level. AUDUSD may fall to the support levels of $0.66, $0.65, and $0.63 if sellers hold the $0.68 resistance level […]
As the market adjusted to the possibility of weaker export revenues following sanctions on Russian oil, the ruble fell by almost 3% versus the dollar on Tuesday, failing to sustain a recovery from last week’s decline. Following the implementation of an oil embargo and price cap, the ruble lost roughly 8% versus the dollar last […]
