Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY is in an uptrend and trading above the moving average lines as it reaches level 162.00 resistance zone. Since January 19, the Yen has failed to break the resistance level at 162.00. On January 19, 2024, the currency […]
Market Analysis – February 15 NZDUSD reverses its bullish trend and resumes its initial bearish trend. Following a notable peak in mid-July 2023, there was a substantial downturn in price. Despite the shift to a bullish trend in early November, this momentum was ultimately broken, resulting in a continued decline. NZDUSD Key Levels Demand Zones: […]
In 2024, the crypto landscape will experience significant developments that investors should consider. The recent approval of 11 spot bitcoin exchange-traded funds (ETFs) has caused much excitement, but investors are also urged to pay attention to several lesser-discussed trends shaping the crypto market. One significant trend is the regulatory actions taken by the U.S. Securities […]
Japan’s top officials have raised alarms as the yen experienced a sharp decline against the dollar, hitting its lowest level in three months and falling below 150 on Tuesday. As of the time of writing, the USD/JPY forex pair traded at 150.59, recovering mildly from yesterday’s slump. This significant drop comes in the wake of […]
Market Analysis – February 13 AUDJPY consolidation phase lingers as sellers take control. The pair has been experiencing a consolidation phase, with sellers taking control of the market. Despite the start of the new year, the market has yet to gain serious momentum. The pair has been stuck in a ranging phase for several weeks, […]
The U.S. dollar soared to its highest level in three months on Monday, as the latest inflation data showed a stronger-than-expected rise in consumer prices in January. The report boosted the outlook for the Federal Reserve to keep interest rates unchanged in March, while other major central banks are expected to ease their monetary policies. […]
Market Analysis- February 13th Nasdaq chooses relentless pursuit as buyers refuse to give up. It is yet another bullish week for the NAS100 market. Buyers refuse to give up and continue their relentless pursuit of higher prices. The buyers are tempted to break through new key levels as the bulls maintain strong dominance in the […]
Market Analysis – February 13th GBPUSD buyers could face rejection as the price aims for recovery. The GBPUSD buyers have been making efforts to stage an uprising and fill up the trading zones. However, they could potentially face rejection as the bears show a lethal force that may yield lower this week. Last week, the […]
Market Analysis – February 10th Gold (XAUUSD) Struggles to Find Bullish Momentum. The market has been holding around the significant level of 2039.190, with buyers facing resistance. Despite their efforts, gold is currently in a consolidation phase, lacking progress. Buyers have been lacking the necessary strength to push through in the gold market. Gold (XAUUSD) […]
