The U.S. dollar flexed its muscles against the euro and the yen on Thursday, reaching a one-month peak against the Japanese currency. This surge followed the release of inflation data by the U.S. Bureau of Labor Statistics, defying market expectations and throwing the Federal Reserve’s interest rate cut plans into uncertainty. The Consumer Price Index […]
The Japanese yen experienced a sharp decline against the US dollar on Wednesday, nearing its January 5 low. This decline comes on the heels of the latest data revealing persistently stagnant wage growth in Japan throughout November, dashing hopes of some investors anticipating a tightening of monetary policy by the Bank of Japan (BoJ). Official […]
AUDJPY Analysis – January 10 AUDJPY price action keeps respecting Bullish Trendline. In June 2023, AUDJPY began a reversal to the upside, leading to a massive surge and invalidation of previous support at 91.800. Following a BOS (Break of Structure) at 97.700, the price hit 98.570 resistance, leading to a major retracement and a bullish […]
EURCHF Analysis – January 10 EURCHF eyes upward correction amidst the persistent bearish trend. The market’s current trading range lies between the swing high of 0.95450 and the swing low of 0.92440. EURCHF may undergo a significant upward correction before it hits the bearish order block. EURCHF Key Levels Demand Zones: 0.9410, 0.9300 Supply Zones: […]
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 exchange rate is moving sideways as it revisits the barrier at l59.00. The moving average lines have been the pair’s trading range. The currency pair has been trading sideways since the December 7 price collapse as buyers try […]
The Canadian dollar, commonly referred to as the loonie, experienced a significant dip, marking its lowest point in nearly a month against the U.S. dollar, trading at 1.3389. The primary catalyst behind this decline is the mounting apprehension concerning the impact of elevated interest rates on the Canadian economy. The Bank of Canada (BoC) has […]
Market Analysis – January 8th Nasdaq bears dominate as buyers remain silent. The index continues to experience fallout as buyers remain in silent mode, allowing the bears to exert their dominance. The price has been responsive to the increasing bearish pressure. Therefore, it appears that buyers have been dealt with over the past few days. […]
Market Analysis – January 8th GBPUSD buyers struggle in the consolidation phase and are waiting for a breakthrough. The price remains pinned down in a consolidation phase, with the bullish trend disappearing from the radar as buyers lose hope. The bulls are currently engaged in a battle before a final breakthrough can occur. Buyers have […]
Buyers oppose sellers at $0.46 level ADA Price Analysis – 09 January Cardano may drop as low as $0.46 or $0.41 if sellers can keep it below the $0.50 support level. If the $0.54 barrier is breached, the resistance levels at $0.59 and $0.65 will be examined Key Levels: Resistance levels: $0.54, $0.59, $0.65 Support […]
