Market Analysis – July 4 The NZDUSD currency pair has been exhibiting a pattern of lower highs and higher lows, forming a symmetrical triangle on the price chart. This consolidation pattern suggests that the market is undergoing a period of indecision and is preparing for a potential breakout. NZDUSD Key Levels Demand Levels: 0.6100, 0.5900, […]
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Buyers’ momentum is increasing ADA Price Analysis – 04 July Caradno 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: […]
GBPUSD Analysis – Price Held Back at 1.26030 GBPUSD sellers lose grip as buyers defend the 1.26030 key level. The pair has been showing strong bullish momentum since March when the bulls broke through the 1.18000 key level. This bullish liquidity propelled the pair forward, pushing past various resistance levels as buyers defended the 1.26030 […]
The British Pound fell for the second consecutive week against the US dollar as the greenback benefited from a hawkish Federal Reserve and upbeat US data. The GBP/USD pair traded below the 1.26 level for the first time since mid-June as investors priced in a sooner-than-expected rate hike by the Fed. US Data and Fed […]
Ripple (XRP) has been gaining significant attention in recent times. Despite facing a challenging legal battle with the U.S. Securities and Exchange Commission (SEC), Ripple has impressively surged by 45% this year. The positive momentum behind XRP can be attributed, in part, to Ripple’s ambitious plans for global expansion. Over the past 90 days, XRP […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: Bullish Since June 15, the EUR/JPY pair has hit the overbought territory as it faces rejection at level 158.00. On June 27, the currency pair rose to a high of 157.93 before falling back. The Yen is currently trading between […]
FTSE Analysis – Buyers Are Fueling a Rally Upward FTSE buyers are gathering strength amidst the pressure created by sellers. The FTSE buyers have been exhibiting quite a resilient attitude amidst the pressure created by sellers in the stock market. With sellers pulling out and buyers pushing forward, the stock market seems to be on […]
The U.S. dollar weakened on Friday after a report showed that consumer spending, the main driver of the economy, barely rose in May while inflation moderated slightly. According to the Commerce Department, personal consumption expenditures (PCE) edged up by 0.1% month-over-month in May, missing the consensus estimate of 0.2%. On a year-over-year basis, PCE increased […]
Market Analysis – June 30 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade has displayed remarkable performance since the beginning of the year. Following the shift from a bearish to a bullish market direction in January, buyers have consistently driven the price higher. USDJPY – […]
