Arbitrum Price Forecast: January 29 The Arbitrum price forecast is for the market to keep making efforts to rise to higher price levels after it executes a U-turn at $1.5930. Arbitrum Long-Term Trend: Bullish (1-Day Chart) Key Levels: Zones of supply: $2.1200, $2.4000 Zones of Demand: $1.8170, $1.5930 The Arbitrum market is on the ascendency […]
EURCHF Analysis – January 29 EURCHF restarts its bearish trend after a significant retreat into the premium zone. Despite what appears to be a definitive rally into the premium zone, the general direction of the market is negative. Since the retest at the resistance of $0.95450, the price has twice bounced off a declining trendline. […]
Market Analysis – January 26th The price of USOil is currently showing weakness as it approaches the significant zone of 77.380. The Oil price opened with a sharp decline after reaching this key level, indicating the presence of sellers in the market. As a result, buyers are likely to struggle for some time. The bulls […]
The dollar held its ground on Friday as the latest data showed that inflation in the US is gradually slowing down to the Federal Reserve’s target of 2%. The core Personal Consumption Expenditures (PCE) index, which excludes food and energy prices, dropped to its lowest level since the first quarter of 2021, reaching 2.6% in […]
Buyers are dominating BNB market BNBUSD Price Analysis: 26 January The $335.1 and $356.1 resistance levels could be in peril if buyers holding the $297.0 support level smash the $316.2 resistance level. It will test the recent lows of $263.3 and $237.1 if BNB closes below the critical $297.0 barrier and $316.2 holds. BNB/USD Market […]
Market Analysis – January 25th Gold buyers await fresh momentum as the market consolidates. Gold traders have been experiencing a stagnant phase this week, as buyers seem to be stuck in their positions. The market has been in a consolidation phase, depriving traders of the opportunity to make significant gains. Instead of a breakthrough, gold […]
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 currency pair is still trading above the moving average line but risks an additional drop. The current upswing ended after hitting a high of level 161.86. The pair has retraced and is now trading above the 160.00 support […]
In a turbulent Thursday session, the euro touched a six-week low at $1.08215, marking a 0.58% decline. The dip came as the European Central Bank (ECB) decided to maintain its interest rates at an unprecedented 4%, causing concern about the eurozone’s economic trajectory. ECB President Christine Lagarde, addressing the media, emphasized that it was premature […]
The Bank of Canada (BoC) announced on Wednesday that it would maintain its key interest rate at 5%, signaling a cautious approach amidst the delicate balance of rising inflation and sluggish economic growth. BoC Governor Tiff Macklem emphasized a shift in focus from contemplating rate hikes to determining the optimal duration to sustain the current […]
