In a remarkable display of strength, the U.S. dollar is scaling new heights, leaving its global counterparts struggling to keep pace. This surge is driven by a combination of factors, creating ripples across international markets. At the core of the dollar’s ascent are real interest rates. Unlike nominal rates, these account for inflation, and they […]
Market Analysis – October 2 NZDUSD bearish trend consistently respects the bearish trend line. Although the price briefly crossed the trend line in the middle of July 2023, it was unable to sustain the trend change and quickly reversed. NZDUSD Key Levels Demand Levels: 0.60700, 0.58000, 0.55000Supply Levels: 0.62800, 0.65000, 0.69200 NZDUSD Long-Term Trend: Bearish […]
Market Analysis – October 2 Nasdaq (NAS100) buyers need extra support. The index has been a focal point for traders and investors, offering a glimpse into the health of the tech-heavy stock market. The buyers have been facing challenges, with a need for additional support to overcome the hurdles posed by sell traders. Nasdaq (NAS100) […]
Bulls are dominating Sponge market SPONGEUSDT Price Analysis – 02 October Sponge will increase and surpass the $0.000136, $0.000196, and $0.000330 resistance levels when the bulls hold onto the $0.000087 support level. If the bears are able to breach the $0.000087 support, they may be able to reach the $0.000006 and $0.000004 levels. Key Levels: […]
In the third quarter of 2023, the Japanese yen faced significant pressure against the U.S. dollar due to contrasting monetary policies adopted by the Federal Reserve and the Bank of Japan. The Federal Reserve has taken a proactive stance in combating inflation by raising interest rates. This aggressive approach has seen its benchmark rate reach […]
Market Analysis- September 29 US Oil (WTI) shows signs of weakness. The US crude oil market appears to be experiencing momentary tremors. Buyer dominance gives way to increased seller leverage. The oil market presents an intriguing play of forces, with sellers’ momentum gathering pace. US Oil Key Levels Resistance Levels: 95.090, 84.570Support Levels: 88.230, 67.650 […]
Market Analysis – September 30 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade experienced a temporary bearish trend in late October 2022. The bearish break in structure halted the bullish trend. The crash in price managed to break through both the demand levels at […]
Market Analysis – September 29 EURCHF experiences a prolonged downtrend as the bears continue to rule. The bearish break in the structure confirmed the continuation of the downtrend in early July 2022. Since then, the price has been steadily falling without any significant pauses. It finds support at the 0.94000 level. EURCHF Key Levels Demand […]
The British pound experienced a surge in value on Friday, driven by robust economic data indicating a faster-than-expected recovery from the COVID-19 pandemic. Despite this positive development, the pound remains on course for its weakest quarterly performance against the U.S. dollar in a year. Data released by the Office for National Statistics (ONS) revealed that […]
