In a day of seeming fortune for the euro, the common currency managed to gain ground on Thursday, navigating through a nuanced portrayal of the eurozone economy revealed by the latest surveys by Reuters. Germany, the bloc’s largest economy, exhibited signs of potential recovery from recession, while France, the second-largest, continued to grapple with contraction. […]
EURCHF Analysis – November 23 EURCHF remains bearish as the price continues within the downward channel. The downward channel has emerged since the retraction at the 1.00880 resistance in January 2023. EURCHF is currently approaching the FVG (Fair Value Gap) as the Stochastic Oscillator also indicates that the market is already overbought. EURCHF Key Levels […]
Market Analysis – November 23 FTSE100 bears gain the upper hand as buyers lose out again. This is, however, due to a bullish loss of momentum. This week, the FTSE100 market faced a shift in momentum as sellers took control from buyers. Despite efforts from buyers to push forward, the lack of momentum led to […]
Market Analysis – November 23 US30 buyers loosen grip above the 34873.700 price zone. Dow Jones is witnessing a loosening grip from buyers above the significant level of 34873.70. After a prolonged period of bullish expansion, buyers have shown a decrease in resilience. This is allowing sellers to make a gradual return. While sellers may […]
Market Analysis – November 22 Nasdaq (NAS100) bulls strive for expansion after accumulation last week. Nasdaq is experiencing renewed bullish momentum as buyers regain strength. This week, there’s been a noticeable shift in favor of buyers, with accumulation observed above the 15754.700 signal level in recent days. Last week, buy-traders successfully broke through this key […]
In a swift rebound, the dollar index surged 0.5% to 104.13 on Wednesday, staging a comeback from its recent three-month low of 103.17, fueled by insights gleaned from the Federal Reserve’s October meeting minutes. The Fed, signaling a measured approach, affirmed its commitment to the current rate-setting process, emphasizing a cautious trajectory unless inflation veers […]
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 is rising but faces rejection at 162.50. Buyers were unable to break through the 164.00 price barrier. In the event that buyers prevailed, the Yen would have increased to 165.78. Today, the Yen has fallen […]
Market Analysis – November 20 GBPUSD buy traders rekindle flame as they may pose a strong threat this week. The buy traders are displaying resilience amid bearish sentiments. This week, buyers show signs of increasing their pace and determination, targeting the significant level of 1.25160. If their momentum continues to strengthen, a breach at this […]
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Probability of holding bullish trend is high AUDUSD Price Analysis – 22 November If sellers are able to hold the $0.65 resistance level, the price may fall to the $0.64, $0.63, and $0.62 support levels. If buyers demonstrate greater strength and break through the resistance level at $0.65, the price might be forced to lean […]
