In a Reuters poll of currency experts, the Indian rupee is expected to maintain a narrow trading range against the US dollar in the upcoming year. Despite the dollar’s recent weakness and India’s robust economic growth, the rupee has lingered near its record low of 83.47 per dollar, reached on November 10. The Reserve Bank […]
NZDUSD Analysis – December 3 NZDUSD remains bullish as buyers keep storming the market with more buy orders. The bounce of the major trendline in early November caused the bears to exit the market. Following the CHoCH, the market has remained in an upward trend, with prices heading to the $0.64100 major high. NZDUSD Key […]
Market Analysis – Dec 5th US30 buyers strategize to regain ground. After weeks of pressing forward, the buying strength in the US30 market has finally subsided. However, the bulls have maintained a steady composure, and there is potential for further upward movement. US30 Market Zones Resistance Zones: 36288.700, 35645.570Support Zones: 34920.700, 32291.670 US30 Long-Term Trend: […]
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 currency pair is in a downtrend as it risks a drop to level 156.55. The preceding uptrend came to an end after reaching a high of 164.30. The decline is expected to continue if the price falls below […]
The US dollar strengthened its position, hitting a one-week high against a basket of currencies, propelled by a significant drop in job openings reported by the Labor Department’s JOLTS data. Job openings fell by 617,000 to 8.733 million in October, marking the lowest point in almost two years and missing analysts’ projections. This decline in […]
Price action in the GBPUSD dipped considerably during yesterday’s trading session. This occurred after market activities witnessed a strong restraint on the upside path. Today’s session has advanced the trend a bit, but bearish traders seem to be treading cautiously, anticipating more impetus to emerge today and in the coming days. Key Price Levels: Resistance […]
Market Analysis- December 4th Nasdaq (NAS100) remains stuck in the accumulation phase. The index has recently experienced a slowdown in bullish momentum. There has been a slow, dynamic interaction between buyers and sellers in the market. Last week, there was a strong resurgence of buyers, breaking through the important level of 15876.800. This breakthrough, along […]
Market Analysis December 4th GBPUSD bullish strength slows down. The pair has experienced a slowdown in bullish momentum due to the presence of sellers. The market has been characterized by a back-and-forth battle between traders, with each side seeking dominance. Bears took control starting in July, pushing the price lower from the 1.31230 level. The […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – December 2 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade approaches the discount zone as the bulls exit the market. The absence of […]
