The FX market displays a continuation of prevailing trends this week. EURGBP and EURNZD maintain their strong bullish momentum, while AUDCAD is attempting to solidify a bullish breakout. Conversely, NZDCHF remains under persistent bearish pressure. AUDNZD, after a period of significant gains, appears to be consolidating, indicating a potential pause in its bullish ascent. Traders […]
Security breaches in telecom systems continue to enable devastating financial crimes, as demonstrated by a recent high-profile lawsuit. Raelene Vandenbosch, a Canadian pharmacy manager, is now fighting to recover over $1.36 million in Bitcoin lost to a sophisticated SIM-swap attack—a scam made possible, she alleges, by glaring security lapses at Rogers Communications and Match Transact Inc. […]
The US Dollar is holding firm for a second day, supported by strong economic data and hopes for better trade deals. Weekly jobless claims and PMI numbers released Thursday were better than expected, easing fears of a recession. The US Dollar Index (DXY) is now trading near 97.50, recovering from recent lows. Investors are cautious […]
The EURNZD price could rise further.Buyers might take the leading in the market soon. EURNZD Weekly Price Analysis – July 25 The EURNZD price anticipates a rise and could swing upward as the market’s selling pressure appears to be exhausted. The pair has just resumed the bullish pressure; if buyers could add more tension to […]
The GBPAUD market hasn’t been in its best shape for a while. Price action has been gradually sliding toward lower levels. The Aussie side of the market has remained quiet, while the pound side seems to be influenced by some speculation. The S&P Global Services PMI Flash came in better than expected at 53, compared […]
EUR/JPY Significant Levels Resistance Levels: 172.00, 174.00, and 176.00Support Levels: 164.00, 162.00, and 160.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY exchange rate hit its all-time high of 173.00. Similarly, on July 8, 2024, the currency pair rose to a high of 173.68 before being repulsed. The moving average lines were breached by the Yen. […]
Market Analysis – July 22 GBPUSD is positioning for a fresh bullish continuation following the completion of a corrective retracement. Both the price structure and momentum indicators are now aligning to support further upward movement. GBPUSD Key Levels Demand Levels: 1.32000, 1.27000, 1.23400Supply Levels: 1.34300, 1.38000, 1.41200 GBPUSD Long-Term Trend: Bullish Since January 2025, GBPUSD […]
Market Analysis – July 24 US30 continues its bullish trajectory following a decisive break from the previous bearish trend. After shifting into an upward movement, price has steadily climbed, surpassing the 43,500 resistance level and now aiming for the 44,830 supply zone. US30 Key Levels Demand Levels: 42200.0, 40800.0, 39200.0Supply Levels: 43500.0, 44830.0, 46500.0 US30 […]
Market Analysis – July 24 The AUDJPY pair has been steadily climbing since June following a significant bearish correction in May. Price action has been contained within a well-defined bullish channel. After recently testing resistance at 97.320 and pulling back, the pair has found support in a confluence zone and appears poised to continue its […]
