Market Analysis – July 23 The NZDUSD price has been confined within a well-defined range, oscillating between the resistance level at 0.6400 and the support level at 0.6100. During this period, the Stochastic indicator has proven to be an effective tool, providing valuable signals of price extremes and potential reversals as the market approaches the […]
The Japanese yen encountered a challenging week, experiencing losses against both the euro and the US dollar. The upcoming Bank of Japan (BoJ) meeting and its uncertain stance on the Yield Curve Control (YCC) policy have left the currency on uncertain ground. Japanese officials are closely monitoring the foreign exchange (FX) markets and making data-driven […]
Market Analysis – July 21 US oil (WTI) flirts above the 74.220 market level as buyers prepare to bounce off it. Oil traders have seen a volatile market for the past two months. The market started strong in May, with prices rising from 83.370 to nearly 84.000. However, by the end of June, sellers had […]
Gold (XAUUSD) Market Analysis – July 20 Gold (XAUUSD)price falls back to the 1965.050 market level amidst bullish influence. Recently, the market has seen some interesting activity. After a long period of bullish influence, the buyers have dropped their guard and are taking a bite at the 1965.050 key level. Despite this pullback, the general […]
ONE OF THE MOST PREVALENT FALLACIES IN THE TRADING WORLD The idea that you can make so and so percentage of profits on a daily, or weekly, monthly, or annual basis is one of the major characteristics of traders who are deceiving themselves. It is also one of the sure-fire methods of identifying the so-called […]
The Japanese yen faced a setback against the robust US dollar on Friday following the release of a report suggesting that the Bank of Japan (BoJ) is likely to hold its key yield control policy steady in the upcoming week. The decision comes amid a flurry of central bank meetings involving major economies like the […]
Market Analysis – July 21 The USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade currency pair has recently provided intriguing insights into the actions of large market players, commonly referred to as whales. These institutional participants have left distinct footprints, influencing the current market […]
Market Analysis: July 21 The EURCHF price dipped below the crucial support level of 0.9680. This dip was initiated during an accumulation phase when the market explored the supply zone around 0.9820. The Williams Percent Range analysis revealed an overbought condition at the supply level, sparking interest and concern among traders. Key Levels For EURCHF […]
Purchasers’ momentum is getting weak on the silver market SILVER Price Analysis – 20 July Silver’s price may rise and test the $26 and $27 resistance levels if buyers are able to hold the $24 price level and the $25 resistance level is breached. If sellers apply more pressure, the $23 and $22 price support […]
