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Sellers may rule AUDUSD market this week AUDUSD Price Analysis – 29 November AUDUSD may drop to the $0.65, $0.64, and $0.63 support levels if sellers are successful in holding the $0.66 resistance level. The price may be forced to lean towards $0.67 and surge as high as $0.68 if buyers show more vigor and […]
In a volatile market, the U.S. dollar plunged to its lowest point in three months against a basket of major currencies on Tuesday. Traders swiftly unwound their long dollar positions, anticipating key data releases on U.S. and Eurozone inflation this week. Dollar Drops By Over 3% in November The dollar index, a measure of the […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY currency pair has been rejected twice at the 164.00 overhead resistance zone as it approaches level 160.90. The decrease is heading in the direction of the moving average lines. On the downside, if the currency pair breaks […]
AUDJPY Analysis – November 28 AUDJPY remains bullish amidst the selling pressure at the 98.600 price level. The market has been bullish since the price’s expansion from the discount zone. Since September 2023, the MACD (Moving Average Convergence Divergence), has been above the zero line. According to the MACD, the bullish trend is likely to […]
Market Analysis – November 27 USOil (WTI) sellers want to maintain a bearish course. The recent dynamics in the USOil market reveal a persistent absence of buyer activity. Unlike the bullish momentum witnessed in July, recent weeks reflect a weakened stance from buyers. The earlier bullish push, triggered by a breakthrough above the 72.440 level, […]
Market Analysis- November 27 Gold (XAUUSD) buyers strive for breakthroughs beyond the 2020.000 key level. Gold buyers are resilient in their quest for a breakthrough beyond the key zone of 2020.000. As of now, the struggle between buyers and sellers persists. Over the past few months, there has been a notable absence of bullish expansion […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – November 27 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade flips bearish as the 149.200 low gets invalidated after the price hits the […]
In what was a challenging week for the greenback, the US dollar weakened against major currencies as the nation grapples with economic uncertainties and a looming debt auction. Signs of a slowing economy, coupled with disappointing labor market figures and lackluster retail sales, have cast shadows on the strength of the recovery. Traders’ Focus for […]
The British pound exhibited robust strength on Friday, nearing its highest levels since early September, fueled by a weakened dollar and rising UK bond yields. The currency climbed to $1.2602, marking a 0.53% increase, while against the euro, it rose 0.23% to 86.77 pence. The surge in bond yields was propelled by an upward revision […]
