The pound exhibited resilience on Wednesday, bolstered by the revelation of a significant uptick in UK house prices. According to data released by Halifax, a prominent mortgage lender, house prices surged by 2.5% in the year leading up to January, marking the fastest pace of growth in a year. This surge hints at a robust […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: BearishThe EUR/JPY’s drop subsides above the low of 158.50 as it achieves bearish exhaustion. Furthermore, the currency pair has been caught between the moving average lines since January 31, 2024. On February 1, bulls bought dips when the Yen fell […]
The U.S. dollar maintained its position close to a three-month peak on Tuesday, showing resilience against other major currencies despite a slight dip. The currency found support in robust U.S. economic indicators and a steadfast stance on interest rates by the Federal Reserve. Earlier expectations of imminent and substantial rate cuts by the Fed were […]
The US dollar marked its highest point this year on Friday following an impressive January jobs report. The Bureau of Labor Statistics revealed that the US economy generated a staggering 353,000 new jobs, surpassing market expectations of 180,000 and marking the most significant increase in a year. The data also showcased a steady unemployment rate […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – February 1 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade seeks bullish momentum as the price retraces into the bullish order block. The […]
Market Analysis – February 1st Gold is eyeing a stronger trend amid a slow impulse. Gold continues to show potential for a stronger trend as the yellow metal quietly spreads out and seeks a stronger purge. Despite selling influences, the buyers have demonstrated strong resilience this week. This is evident in their pursuit of higher […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: BearishThe EUR/JPY is dropping below the moving average lines above level 158.30. The currency pair is trading below the 21-day SMA but above the 50-day SMA. In other words, the price movement has been constrained by the moving average lines. […]
The Canadian dollar gained against the U.S. dollar on Thursday as global stock markets bounced back from a sharp sell-off and the Bank of Canada hinted at a possible interest rate increase. The loonie, as the Canadian currency is known, traded at 1.3377 to the greenback, coasting at neutral levels throughout Thursday. This comes as […]
EURCHF Analysis – February 1 EURCHF reacts to the bearish order block at 0.94540, prompting the continuation of the market’s bearish trend. A potential retracement is highly probable from the current price level, after which the bearish trend will resume. These forex signals are suggested by the Stochastic Oscillator, which is currently signalling oversold conditions. […]
