Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: Bearish EUR/JPY currency pair is rejected at the 160.00 barrier zone as the recent upswing ends . The recent upswing has ended as the pair fell below the 21-day SMA. The currency pair has become entangled between the moving average […]
Market Analysis – September 1 US Oil (WTI) buyers could take a breather. Over the week, the bulls in the US Oil WTI market have maintained a serious liquidity purge. This surge in liquidity has favored the bulls, allowing them to exert their influence on the market. However, there are signs that the buyers may […]
Market Analysis – August 30 EURCHF established a bearish breakout from the falling wedge in July. Shortly after the daily candles pressed on the resistance trendline at the supply zone of 0.9840, the price crashed rapidly to enforce the breakout. EURCHF Key Levels Demand Level: 0.9520, 0.9400, 0.9350 Supply Level: 0.9840, 1.0000, 1.0070 EURCHF Long-term […]
In a week marked by anticipation and economic scrutiny, the U.S. dollar is poised for its first weekly loss in six weeks. Investors across the globe are currently digesting the recently released U.S. jobs report for August, which is expected to wield substantial influence over the Federal Reserve’s decision regarding the timeline for tapering its […]
Market Analysis – September 1 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade has continued to push higher since the initiation of the bullish wave at the beginning of the year. A new bullish break of structure has been established on the uptrend to […]
Market Analysis – August 31 Gold (XAUUSD) bullish strength persists as key levels break. The market has seen continued strength from buyers as they refuse to relinquish their buying power. This has, however, resulted in a resilient bullish trend. This week, the key level of 1933.670 was broken, reflecting a significant development for the precious […]
Market Analysis August 30 FTSE bulls continue to channel their strength up north. This month, the bulls have been dominant. Therefore, the likelihood of the bullish trend persisting into the next month is high. This week, the market level of 7393.00 has been surpassed due to a bullish expansion. FTSE Important Levels Resistance Levels: 7986.90, […]
In a display of resilience, the British pound continued to exhibit robust performance against the euro on Thursday. This ongoing trend can be attributed to the latest revelations in inflation and growth data, which underscore the growing disparity between the economic situations of the UK and the eurozone. The Eurozone’s inflation remained stagnant at 5.3% […]
In a promising development, the euro made gains against the dollar on Wednesday as new inflation data from Germany and Spain heightened the likelihood of an impending rate hike by the European Central Bank (ECB). Fresh statistics reveal that consumer prices in both of these nations surged beyond projections in August, signaling a growing buildup […]
