The Japanese yen edged closer to a one-year low against the US dollar on Tuesday as the Bank of Japan (BOJ) signaled a subtle shift in its monetary policy. In a move aimed at providing more flexibility in bond yields, the BOJ decided to redefine its 1% yield limit as an adaptable “upper bound” rather […]
Market Analysis – October 31 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade approaches the resistance zone of 151.800. USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade experienced a reversal after rejecting the […]
Market Analysis – October 31 USOil is awaiting clear direction amidst uncertainty about the price trend. The USOil market is currently experiencing a period of indecision. There is also a lack of clear trends as traders grapple with a variety of factors. In recent days, the market has witnessed a reluctance by the bears to […]
Market Analysis – October 31 Gold (XAUUSD) holds back in crossing the 1991.540 key level. XAUUSD has witnessed a pause in its price surge. The market is currently in a state of relaxation, and the key level at 1991.540 is acting as a formidable barrier. This barrier is somehow preventing buyers from advancing further. Let’s […]
Market Analysis – October 31 FTSE100 bulls are regaining control amid a ranging market. The market has been caught in a prolonged-ranging phase, and this trend continues to play out. Recently, the bears made a push, almost reaching the 73220.50 significant zone. This has led to expectations of increased selling pressure last week. However, the […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: RangingThe EUR/JPY is below the level 160.00 resistance zone as it continues its sideways trend. Since the currency pair’s drop on October 3, the Yen has made a succession of higher highs and higher lows. The pair achieved a new […]
The dollar index, which gauges the greenback against six major currencies, dipped marginally on Friday as investors fine-tuned their portfolios to close out the month. Nonetheless, the dollar wrapped up the week on a higher note, underpinned by robust U.S. economic indicators and anticipations of a Federal Reserve rate hike. In September, U.S. consumer spending […]
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Bulls’ momentum increase in USDCHF market USDCHF Price Analysis – 27 September If buyers’ momentum is successful in breaking up the $0.90 resistance level, USDCHF may move past the $0.91 resistance level and toward the $0.92 resistance level. If sellers apply sufficient pressure, the $0.89 barrier level may be broken, leading to a significant drop […]
Market Analysis – October 27 EURCHF bullish trend reverses as the price encounters resistance at the 1.00000 level. Subsequently, the price made a series of lower lows, breaking through the demand level at 0.95250. EURCHF Key Levels Demand Levels: 0.95250, 0.94100, 0.93000 Supply Levels: 0.97000, 0.98350, 1.00000 EURCHF Long-Term Trend: Bearish The price level of […]
