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 […]
Market Analysis – June 7 The USDCAD market has been characterized by a battle between buyers and sellers, resulting in volatile price action. Recent observations indicate that swing highs and lows have been easily breached, making it advisable to exercise caution and adopt appropriate risk management strategies until the market conditions become clearer. USDCAD Key […]
Market Analysis – June 6 EURCHF is experiencing a downward trend, characterized by a bearish parallel channel, which has influenced its price action. The upper boundary of the channel, serving as a resistance level, has been tested, leading to increased short positions during this trading week. EURCHF Key Levels Demand Levels: 0.9640, 0.9550 0.9480 Supply […]
In a surprising turn of events, the Australian dollar stood its ground despite a slight miss on the trade balance data. Market attention quickly shifted toward the recent interest rate decisions made by the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC). Both central banks caught investors off guard by raising their […]
The U.S. dollar, a major player in the global currency arena, recorded a notable dip on Wednesday, with the DXY index slipping by around 0.45% to 103.66. Surprisingly, this happened despite the surge in U.S. Treasury yields. Things really got interesting when the Bank of Canada (BoC) made a surprise move and raised rates, catching […]
