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 […]
US 100 Analysis – Buyers Struggle to Breach the 15239.20 Market Area NAS 100 buyers back out as sellers flirt down to the 14947.30 zone. The maker has been struggling since the buyers have dropped their momentum and created an avenue for a short-selling flow in the market. In the previous month, the bulls were […]
The U.S. dollar tumbled on Friday, falling to its lowest point since June 22, following the release of government data revealing a slowdown in job growth. This unexpected twist has given investors a breather, easing worries about the Federal Reserve’s plans for interest rate hikes. In a surprise turn of events, the official U.S. nonfarm […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY pair is seeing selling pressure as it hit a low of level 153.00 . Since June 27, the currency pair has been trading in the overbought zone. It has dipped above the moving average lines as a […]
US Oil Analysis – Buyers Seeks Out Price Expansion US Oil pushes for more gains despite consolidation. The bulls have maintained a positive price tendency throughout this week, leading to the possibility of a breakout beyond 74.530. Despite this potential, any reduction in buyers’ buying strength could mean the Crude Oil market is set to […]
The British pound surged closer to a two-week high against the US dollar on Friday, reaching its highest point since June 22. The British currency is believed to be propelled by favorable interest rate differentials that are working in the UK’s favor. With indications that Britain may outpace both the United States and Europe in […]
The Canadian dollar is gearing up for a period of strength as the Bank of Canada (BoC) prepares to raise interest rates for a second consecutive meeting on July 12. In a recent survey conducted by Reuters, economists expressed their confidence in a quarter-point increase, which would push the overnight rate to 5.00%. This decision […]
Market Analysis – July 6 The USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade has been demonstrating a remarkably robust bullish trend since May 15th, supported by the consistent upward movement of the Average Directional Index. This upward momentum is characterized by a steep […]
Market Analysis – July 6 Gold has exhibited a bullish ascent over the past week, signaling a short-term uptrend. However, this upward movement is likely a retracement within the context of a higher time frame bearish trend. The ongoing ascent of XAUUSD may soon encounter a pause as it reaches a significant resistance level. XAUUSD […]
