Market Analysis – June 12 The NZDUSD currency pair is currently undergoing a correction phase following a significant upward surge, reaching the 0.6000 level. As the price retraces, it approaches the fair value gap, testing the resilience of the mitigation block depicted on the 24-hour chart. Market participants anticipate a substantial sell-off due to the […]
Market Analysis- June 11 The NAS 100 index is currently experiencing a bullish breakout, with the price continuing to rise unabated. The strong buying momentum has propelled it past the bullish wedge formation, indicating a quest for new highs. NAS 100 Key Levels Demand Levels: 14250.0, 13500.0, 12800.0Supply Levels: 15200.0, 15600.0, 16000.0 US 100 Long-Term […]
The EUR/USD currency pair finds itself at a critical juncture as it tests a prior level of resistance just shy of 1.0800. That said, in an encouraging turn of events, the pair has managed to reach a fresh two-week high, signaling potential bullish momentum. However, the market is likely to remain ensnared in a tight […]
The British pound is proving its mettle as it wraps up a positive week, flexing its muscles against a range of G7 currencies. With a bounce in its step, the cable surged approximately 2 cents higher, leaving onlookers impressed. Meanwhile, GBP/JPY has also seen a considerable boost of around 2.5 yen, while EUR/GBP has taken […]
Market Analysis – June 9 The GBPJPY pair continues to exhibit a bullish trend, as evidenced by the upward movement from a bullish order block above 171.20. Buyers have displayed impressive strength, successfully breaking through all short-term resistance levels. GBPJPY Significant Levels Demand levels: 171.0, 164.0, 158.0 Supply Levels: 175.0, 180.0, 185.0 GBPJPY Long-term trend: […]
Market Analysis- June 9 The US Oil market has created a range between the resistance level of 75.00 and the support level of 67.50. In the long term, the market is still bearish. The short-term consolidation has been observed to be a result of the well defended bearish order block resting in the resistance zone. […]
In a twist of events, the yen found itself under selling pressure as the European markets opened this morning. Reports circulated, hinting that the Bank of Japan (BoJ) intends to stick with its monetary stimulus measures. Despite the BoJ’s unwavering stance, market participants have remained skeptical, propping up the yen’s value. The question now is […]
Market Analysis – June 8 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade is exhibiting strong indications of a significant sell-off in the market analysis. The bulls have encountered challenges in maintaining their position above the resistance level of 140.0. This is exemplified by […]
Market Analysis-June 8 The Gold market turned bearish on the higher timeframe (daily) at the cross of the Simple Moving Average (SMA) of periods nine and twenty-one in May. The price declined under a resistance trendline. The resistance trendline has been defied with a retest at the supply level of 1978.0. Gold Key Levels Resistance […]
