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 […]
Market Analysis – July 5th The FTSE 100 index finds itself under bearish pressure as it continues to face challenges in its attempt to reverse the prevailing downtrend. On June 30th, a bearish break in the market structure occurred, indicating a continuation of the downward movement. Following this break, the market underwent a pullback phase, […]
Market Analysis – July 4th The US 30 index has been engaged in a persistent battle to surpass the significant resistance level of 34400. Despite numerous attempts, it has struggled to sustain a breakthrough, often experiencing false breakouts with temporary spikes above the key zone. Presently, the price is once again positioned near the resistance […]
The Japanese yen has summoned its inner samurai and made a remarkable comeback against the US dollar, as seen with the USD/JPY pair this week. The secret behind its newfound strength? A stunning display of wage growth in Japan, not seen since the 90s. Meanwhile, the dollar seems unfazed, lounging near a one-year high despite […]
Market Analysis – July 5 EURCHF exhibits signs of extreme weakness despite a previous bullish market shift observed on June 23rd, characterized by a significant bullish candle. Since the market reversal, the price has struggled to sustain upward momentum. Key Levels for EURCHF: Demand Levels: 0.9680, 0.9740, 0.9640 Supply Levels: 0.9820, 0.9860, 0.9900 Long-term Trend […]
