The US dollar took a significant hit on Wednesday, tumbling to a two-month low. This sudden decline comes as traders brace themselves for the release of June’s US consumer price inflation data, with expectations of a slowdown in the figures. As a result, the currency market has been sent into a frenzy, leading to a […]
The British pound experienced a remarkable rally on Tuesday, soaring to its highest level in over a year against both the US dollar and the euro. This surge was driven by robust labor data that reinforced market expectations of further interest rate hikes by the Bank of England (BoE). Defying expectations and displaying impressive strength, […]
S&P 500 price retest $4476 level S&P 500 Price Analysis – 11 July S&P 500 may rise above the $4476 resistance level, and further purchasing may cause the price to rise as high as $4631 and $4723. The price may revert and fall in the direction of the support levels of $4364, $4276, and $4180 […]
Market Analysis – July 11 The USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade market has undergone a significant bearish reversal, marked by the emergence of three black crows, following a period of accumulation within the supply zone of around 146.0. This sharp price […]
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Buyers’ momentum may increase ADA Price Analysis – 11 July Cardano may rise above the $0.29, $0.31, and $0.33 levels if buyers are successful in holding the $0.26 support level. If the $0.26 support level is broken, the $0.24 and $0.23 levels will be tested next. Key Levels: Resistance levels: $0.29, $0.31, $0.33 Support levels: […]
Market Analysis – July 11 EURCHF has recently undergone a significant bearish breakout, confirming the presence of a double-top pattern. The neckline of the chart pattern has been breached, signaling a shift in market sentiment from bullish to bearish. Previously, there was hope for a bullish reversal, but the upward momentum was short-lived as bearish […]
Market Analysis – July 11 The AUDJPY currency pair has undergone a notable reversal following a notable uptrend that originated from the support level of 90.30. Over a span of 12 days starting from the first day of June, the price experienced a substantial rise of 738 pips, showcasing significant bullish momentum. However, a significant […]
Market Analysis – July 11 The NZDUSD currency pair has experienced a remarkable surge, soaring from its previous discount price observed during the last bullish swing, and it is now approaching the previous highs recorded on the daily chart. NZDUSD Key Levels Demand Levels: 0.6100, 0.5900, 0.5800 Supply Levels: 0.6250, 0.6400, 0.6500 NZDUSD Long-term Trend: […]
GBPUSD Analysis – The Bears Are Stepping Back Into the Race GBPUSD bows to pressure following a strong rally. The price started off this year on a bullish note as buyers took the lead in the market. However, the sellers have jumped in to push back the bulls and prevent further gains. This week, the […]
