In a week marked by robust U.S. economic performance, the dollar has continued its upward trajectory, showcasing resilience in contrast to its global counterparts. Central bankers’ cautious approach to rapid interest rate cuts has tempered market expectations, fostering the greenback’s ascent. Dollar Index Surges to 1.92% YTD The dollar index, a gauge measuring the currency […]
THIS IS YOUR GREAT TRADING SYSTEM “Bruce Lee once said, “I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.” In this example, sticking to one strategy, even if suboptimal, is the man who has practiced one kick many, many times. The […]
Market Analysis – January 17th FTSE100 plummets as sellers show a stronger response. The bears have emerged as the dominant force, pulling the price lower. This week, the index price has exhibited strong volatility, with buyers pulling out of the market. Just last week, there was a struggle between market traders, with the bulls fixating […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – January 17 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade’s bullish trend remains strengthened as the bulls target 151.900. The market is in […]
EURCHF Analysis – January 16 EURCHF is set for a fractal ascension as 2024 begins. The market has been in a downtrend since the breakout in July 2023. Presently, the prevailing trajectory of the market is characterized by a discernible descent. However, a new trend to the upside is highly probable. This solely depends on […]
AUDJPY Analysis – January 15 AUDJPY’s retracement sets the stage for potential bullish momentum. Overbought conditions signalled a potential crash in June 2023. From 97.670, a retracement to 91.800 followed, sustaining a bullish trend. Previous highs were invalidated despite hesitant purchases. The price is now moving into a discount zone, although from the bullish order […]
In a recent Fitch Ratings report, the Nigerian naira is grappling with a challenging future, hampered by a substantial backlog in foreign exchange demand and a burdensome debt load. The official market sees the naira trading at approximately 895 to the dollar, but on the parallel market, it weakens considerably, fetching around 1,350 naira per […]
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 resumes its upward trajectory, breaking above the moving average lines. On January 10, 2024, the bulls broke and retested the 21-day SMA before resuming their upward trend. During the January 11 rise, a retraced candle body […]
In response to disappointing Chinese economic data and mixed signals from global central banks, the dollar experienced a robust surge against major currencies on Wednesday, reaching its highest level in a month. The dollar index, gauging the greenback against a basket of six currencies, climbed by 0.32% to 103.69, marking its zenith since December 13. […]
