Market Analysis: July 31 EURCHF has recently undergone a significant bearish breakout, plummeting below the crucial equal lows of 0.9670. This rapid and forceful downward movement created a fair value gap, underscoring the strong selling pressure in the market. EURCHF Key Levels Demand Levels: 0.9520, 0.9500, 0.9520 Supply Levels: 0.9630, 0.9650, 0.9670 EURCHF Long-term Trend: […]
Market Analysis – July 31 AUDJPY has recently displayed a noteworthy development, forming a double-bottom bullish reversal pattern as it tested the previous resistance zone at 93.0. This resistance level lies within the discount region of the last bullish swing on the daily chart. Key Levels For AUDJPY Demand Levels: 94.000, 93.500, 93.000 Supply Levels: […]
Market Analysis – July 31 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade has recently demonstrated a substantial price surge, originating from the demand zone around the 138.0 mark. This decisive movement is a clear testament to the revival of bullish sentiment in the […]
Market Analysis – July 31 NZDUSD has experienced a significant movement as it recently gaps away from the formidable resistance zone situated at 0.6380. This resistance level has been proven to be a staunch barrier to any bullish momentum on three separate occasions since February, showcasing its significance in influencing the price action of the […]
The Canadian dollar encountered some headwinds against its U.S. counterpart on Friday, as early data indicated a contraction in the domestic economy during the month of June. This development has sparked concerns among market participants, who are closely monitoring the situation to assess the potential impact on borrowing costs and economic activity. Previous data from […]
Market Analysis – July 28th US Oil (WTI) continues to dive forward due to bullish strength. The oil market is currently in a strong position. The bulls have been dominating the market and preventing sellers from changing course. In the past few days, the buyers have been able to break out above the 73.570 market […]
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Buyers’ pressure increase in USDCHF market USDCHF Price Analysis – 28 July If buyers’ momentum is effective in holding the $0.86 support level, USDCHF may move past the $0.87 resistance level and toward the $0.88 and $0.89 resistance levels. If sellers apply enough pressure, the $0.86 barrier level can be broken, allowing the price to […]
The British pound found itself at a critical juncture, with its recent movements reflecting a delicate balance between economic expectations and central bank decisions. Despite a slight uptick on Friday, the currency remained close to a two-week low, sparking interest and concern among traders and investors alike. At present, the pound was up 0.63% against […]
Market Analysis- July 27 Gold (XAUUSD) price turns favorable for the bears. The sellers are outsmarting the buyers and pushing the yellow metal price down. After a bearish trend towards late June, the buyers attempted to break into the 1981.460 market zone. However, the sellers managed to push them back. This week, the buyers have […]
