Market Analysis – November 18 Gold (XAUUSD) buyers need to reaffirm their grip. The price has been fluctuating between buyers and sellers recently. Buyers started with strong momentum, but they lost some of their confidence along the way. Sellers took advantage of this and pushed the price down from the 2011.760 key zone. This zone […]
In a turbulent week for currency markets, the U.S. dollar is set for one of its most substantial weekly declines against major currencies this year. This comes as investors anticipate a more aggressive stance from the U.S. Federal Reserve, responding to the headwinds of a slowing global economy. The greenback tumbled by 1.64% this week, […]
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Market Analysis – November 16 AUDJPY begins a major decline as the price enters an overbought zone, according to the RSI (Relative Strength Index). The recent reaction of AUDJPY to the overbought zone in the 95.550 supply zone indicates an impending crash to the downside. However, the impending downtrend might last only for a short […]
In a subtle retreat, the Indian rupee edged lower against the resurgent U.S. dollar, closing at 83.20 per dollar, down 0.031% from the previous day’s close. The greenback regained strength, bolstered by robust U.S. retail sales data and a surge in Treasury yields. The dollar index, measuring the U.S. currency against six major rivals, showed […]
Market Analysis – November 16 US30 maintains a bullish streak. The US30 has been showing a strong bullish trend this week, meaning that prices are going up. The buyers have been able to push the prices higher after testing the support level of 32347.320. This level is the lowest point that the prices reached last […]
Market Analysis – November 16 AUDJPY experiences a bullish breakout from a symmetrical triangle. The price has taken off to the moon after so much contention with the bears. AUDJPY Key Levels Demand Levels: 94.300, 93.030, 90.830 Supply Levels: 97.670, 98.600, 99.000 AUDJPY Long-Term Trend: Bullish AUDJPY witnessed intense volatility at the inception of June. […]
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 steadily gaining as it approaches the 165.78 price target. The uptrend is the continuation of the rising momentum above the 160.00 level of the currency pair. According to the forecast, the Yen will continue […]
In a pivotal move on Wednesday, Argentina’s central bank reignited its gradual devaluation strategy after an almost three-month freeze, causing the peso to dip to 352.95 against the dollar. This decision follows a resilient stance at 350 since mid-August, initiated after a primary election-induced currency crisis. According to Gabriel Rubinstein, Secretary of Economic Policy, the […]
