US Dollar weakness persisted as lackluster economic data and declining Treasury yields pressured the currency. The US Dollar Index (DXY), which tracks the greenback against a basket of major currencies, dropped after initial jobless claims rose to 219,000 from 214,000, indicating labor market strain. Additionally, the 10-year US Treasury yield fell below 4.5%, making the […]
Market Analysis – February 21 The AUDJPY market has witnessed a bearish resurgence, with sellers regaining strength from the 95.550 key level. After an initial bullish push last week, buyers lost control, allowing sell pressure to take over, driving the pair lower. AUDJPY Key Levels: Support Levels: 94.530, 93.000, 95.000 Resistance Levels: 95.550, 96.860, 96.000 […]
The EURNZD price poised for a potential rise.The bulls are warming up for the next bullish move. EURNZD Weekly Price Analysis – February 21 EURNZD price is poised for a potential rise in anticipation of the next bullish run. The pair is facing high selling pressure. Meanwhile, the pair might finish the downward correction and […]
Market Analysis – February 20 NZDUSD buyers aim for significant expansion. NZDUSD buyers are making a significant push beyond the 0.57000 level, demonstrating their readiness to continue a bullish streak in the market. The bearish sentiment has dominated since the last quarter of the previous year. Now buyers are keenly focused on executing a bullish […]
Market Analysis – February 20 AUDJPY weakness as buyers show expansion. AUDJPY is currently exhibiting signs of weakness as buyers continue to aim for expansion. Recent price action has shown that buyers are making notable strides. This has been seen particularly in their recovery from the significant level of 95.560. AUDJPY Key Levels Support Levels: […]
EUR/JPY Significant Levels Resistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: Ranging The EUR/JPY pair remains within its range after hitting the 21-day SMA barrier. The value of the Yen has been rising since it fell to 156.00. The bullish momentum was repelled by the moving average lines, […]
Market Analysis – February 17 GBPUSD continues to demonstrate bullish strength as it approaches key resistance levels. Technical indicators suggest the potential for sustained upward movement. The 9-period Simple Moving Average (SMA) is trending upward, providing a supportive framework for price action above $1.24950. Additionally, the MACD histogram remains firmly in positive territory, with the […]
The $6,118 Level may be defended by bears S&P 500 Price Analysis – 18 February The S&P 500 can rise and enter the resistance levels of $6118, $7060 and $7,225 if the $6009 position holds. The price may test the $5881 and $5778 possibilities if it breaches the $6009 support level. Key Levels: Resistance levels: […]
Market Analysis: February 18 USDJPY has retraced after reaching the resistance level of 157.500. Notably, upon touching the resistance level, the price plummeted to the bullish order block of 151.120. The price oscillates within a narrow range, bounded by support and resistance levels. The bounce off the bullish order block indicates a recovery attempt by […]
