The U.S. dollar maintained its upward trajectory against the Japanese yen, breaching the 150 yen threshold for the sixth consecutive day on Tuesday. This surge comes amidst growing skepticism among investors regarding Japan’s potential interest rate hike, amid its ongoing economic challenges. Japan’s finance minister, Shunichi Suzuki, emphasized the government’s vigilant stance towards monitoring the […]
Market Analysis – February 20 The NZDUSD bearish trend reverses as it fails to establish a lower low. The price created a lower low in late October 2023, which was followed by a structured break. The break in structure formed a breaker block, which was a potential entry point for the market. NZDUSD Key Levels […]
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 pair is trading above its moving average lines as it meanders sideways between 159.00 and 162.00. The upward movement has been halted twice by the barrier at level 162.00. On January 19, the currency pair was rejected, falling […]
Bulls’ pressure will trigger in sponge market Sponge Price Analysis: 19 February Sponge may rise toward the resistance levels of $0.000996 and $0.001158 if the buyers are successful in breaking over the $0.000886 barrier. If the $0.000886 resistance level persists, the price can fall to the support levels of $0.000697, $0.000580, and $0.000500. Key Levels: […]
TRADING SYSTEM You’ve done your homework. Countless hours of seeking out the right guru (or piecing together your own system). Weeks of monitoring your guru’s daily trade picks (or paper-trading and back-testing your homemade system). You’ve done it by the book. No seat of the pants trading for you! OK, now you’re confident. It’s time […]
Bulls’ momentum increases in Polygon market Polygon (MATICUSD) Price Analysis – 19 February Polygon might overcome the $1.03 barrier and move on to defeat the $1.09 and $1.15 obstacle levels. If sellers gain some traction, the market can break through the $0.94 support level and expose itself to the $0.86 and $0.72 levels. Key Levels: […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – February 19 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade plunges lower as buyers lose steam. The pair has experienced a significant decline […]
Brent crude futures closed with a gain of 61 cents, or 0.74%, at $83.47 per barrel. Approaching its expiry on Tuesday, the nearby March contract for US West Texas Intermediate crude settled higher at $79.19, representing a $1.16 increase or a 1.49% rise. In the prior session, oil prices closed higher due to escalating geopolitical […]
The Russian ruble stumbled to its lowest point in over a month, affected by the passing of opposition figure Alexei Navalny and the central bank’s steadfast stance on its key interest rate at 16%. Navalny’s demise, occurring during a prison outing in the Yamalo-Nenets region, as reported by the federal prisons service, led to outcries […]
