NZDUSD Analysis – January 8 NZDUSD is set to resume its uptrend as the price approaches the discount zone and the oversold state, according to the Stochastic Oscillator. The bounce off the $0.6410 resistance led to an increase in selling momentum, causing the price to reach the demand zone at $0.5770. The market then entered […]
Market Analysis – January 6th USOil buyers intercept sellers, creating the potential for bullish action.The bearish course of WTI (USOil) has encountered obstacles due to a lack of significant liquidity flow. This week, buyers have seized a trading opportunity from sellers. This resulted in a quick drive from the 69.300 significant level and a revival […]
Market Analysis – January 4th Gold faces selling pressure as bulls maintain resilience. XAUUSD has been experiencing selling pressure as sellers pierce through important key levels. The bulls have shown determination and have managed to keep the struggle going. However, it is only a matter of time before the selling traders potentially drive the price […]
The British pound gained against the dollar on Thursday as new data revealed a robust performance of the UK economy in the last quarter of 2023. The Bank of England (BoE) reported a surge in borrowing and mortgage activities among British consumers in November, reaching levels unseen since approximately 2016. This uptick suggests that, despite […]
Buyers’ are increasing in Sponge market SPONGEUSDT Price Analysis – 03 January Bullish momentum will accelerate and test the barrier levels at $0.000402 and $0.000501 if Sponge breaks over $0.000330. Furthermore, a stronger bullish increase might drive the price beyond $0.000402. SPONGEUSDT Market Key levels: Resistance levels: $0.000330, $0.000402, $0.000501 Support levels: $0.000262, $0.000196, $0.000136 […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – January 3 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade is set to surge to 144.950 amidst an ongoing downtrend. The market has […]
EURCHF Analysis – January 3 EURCHF approaches a bearish order block amidst the oversold conditions, according to the Stochastic Oscillator. The price dipped to a low of 0.92550, indicating heightened selling pressure. EURCHF is currently in a retracement phase, with a bearish order block near 0.95000. Oversold conditions on the Stochastic Oscillator indicate an impending […]
The U.S. dollar reached its highest point in over two weeks on Wednesday, driven by robust economic indicators and escalating Treasury yields. The dollar index, gauging the greenback against a basket of major currencies, exhibited a noteworthy surge of 1.24% to 102.60, building on the momentum gained with a 0.9% spike on Tuesday. Supporting the […]
The British pound weakened on Tuesday, losing 0.76% against the U.S. dollar, with the exchange rate hitting $1.2635. This reversal follows a recent surge that saw the pound reach a nearly five-month high of $1.2828 on December 28, attributing its climb to a weakened dollar amidst global economic and geopolitical uncertainties. Simultaneously, the U.S. dollar […]
