The British pound gained against the dollar on Thursday as new data revealed a robust performance of the UK economy in the last quarter of 2023. The Bank of England (BoE) reported a surge in borrowing and mortgage activities among British consumers in November, reaching levels unseen since approximately 2016. This uptick suggests that, despite […]
Buyers’ are increasing in Sponge market SPONGEUSDT Price Analysis – 03 January Bullish momentum will accelerate and test the barrier levels at $0.000402 and $0.000501 if Sponge breaks over $0.000330. Furthermore, a stronger bullish increase might drive the price beyond $0.000402. SPONGEUSDT Market Key levels: Resistance levels: $0.000330, $0.000402, $0.000501 Support levels: $0.000262, $0.000196, $0.000136 […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – January 3 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade is set to surge to 144.950 amidst an ongoing downtrend. The market has […]
EURCHF Analysis – January 3 EURCHF approaches a bearish order block amidst the oversold conditions, according to the Stochastic Oscillator. The price dipped to a low of 0.92550, indicating heightened selling pressure. EURCHF is currently in a retracement phase, with a bearish order block near 0.95000. Oversold conditions on the Stochastic Oscillator indicate an impending […]
The U.S. dollar reached its highest point in over two weeks on Wednesday, driven by robust economic indicators and escalating Treasury yields. The dollar index, gauging the greenback against a basket of major currencies, exhibited a noteworthy surge of 1.24% to 102.60, building on the momentum gained with a 0.9% spike on Tuesday. Supporting the […]
The British pound weakened on Tuesday, losing 0.76% against the U.S. dollar, with the exchange rate hitting $1.2635. This reversal follows a recent surge that saw the pound reach a nearly five-month high of $1.2828 on December 28, attributing its climb to a weakened dollar amidst global economic and geopolitical uncertainties. Simultaneously, the U.S. dollar […]
Market Analysis – January 1st GBPUSD buyers show aggression aiming for a breakthrough. GBPUSD continues to witness buyer aggression as it strives for a breakthrough. The bulls have been displaying a slow but steady impulse. Also, the sellers have been holding back, creating a tense battle for control. The buyers have been struggling to penetrate […]
AUDJPY Analysis – January 1 AUDJPY remains bullish as the Moving Average Cross signals an upward move. The AUDJPY pair had transitioned to a bullish trend, ending the bearish trend since early 2023. Following a crash into the 86.100 demand zone, the market experienced a rally, propelling prices upward, reaching a peak at 97.700. The […]
NZDUSD Analysis – January 1 NZDUSD is set to resume its downward trend as the rally ends at the premium zone. NZDUSD’s price action shows a technical shift, with a significant plunge from $0.65400 in February 2023. A retracement in July saw resistance at $0.64100, followed by an emerging resumption of the downtrend and a […]
