Market Analysis – December 18 AUDJPY buyers return to the market as the price leaves the discount zone. The market experiences a prevailing surge in positive momentum, marked by intricate variations in prices oscillating between the premium and discount zones. The current upward trend originates from a recent retreat near the rejection block, hinting at […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: BearishThe EUR/JPY currency pair has completed its plunge as it breaks above the 156.00 mark. The pair is correcting higher as it consolidates above the 154.50 level. At the time of writing, the Yen is trading at 158.31. The market […]
In a two-day policy meeting, the Bank of Japan (BOJ) decided to maintain its current monetary policy, signaling a cautious approach amid the ongoing economic recovery. The central bank, led by Governor Kazuo Ueda, kept its short-term interest rate at -0.1% and maintained its target for the 10-year government bond yield at around 0%. Despite […]
Market Analysis – December 17 NZDUSD weakens at the premium zone as the price approaches the diagonal resistance. The NZDUSD is highly characterized by its fluctuation since the beginning of the year. The fluctuation indicates the bulls’ and bears’ interest in taking control of the market at every support and resistance. However, the bulls have […]
Market Analysis – December 18th Nasdaq bulls lead the charge toward year-end gains. Throughout the year, the Nasdaq has taken a steady upward stroll, primarily led by buyers. The bulls have been the driving force behind the strong presence of the index in the market this year. Their expansion began in the first quarter and […]
Market Analysis – December 18th GBPUSD buyers face resistance as sellers regain control. The buyers in the GBPUSD market are once again feeling the heat as the sellers make their presence known. The recent defeat near the 1.27800 price zone has tilted the market in favor of the sellers, as they continue to push the […]
The dollar clawed back lost ground on Friday, following comments by New York Fed President John Williams, who emphasized that it is premature to discuss lowering interest rates in the United States. Earlier this week, the greenback faced a significant decline after signals from the Federal Reserve hinted at the cessation of rate hikes and […]
Market Analysis – December 15th USOil (WTI) bulls strive for a reversal as the oil market shows a bullish one. The oil market is wrapping up the week with a bullish tone as the bulls attempt to stage an uprising. However, they have been struggling to break through the significant level of 72.510. Despite the […]
Market Analysis – December 14th Gold has recently shown promise after a period of low volatility. The bears faced some opposition last week, but now the buyers are back in action. The bulls have managed to regain strength and are currently trading around the significant level of 2008.600. XAUUSD Key Zones Resistance Zones: 2148.500, 2052.700Support […]
