The EUR/USD pair is currently on the edge of its seat, waiting with bated breath for the FOMC rate decision and press conference tonight (18:00 and 18:30 GMT) and the ECB decision and press conference tomorrow (12:15 and 12:45 GMT). These two pivotal events will determine the fate of the EUR/USD over the coming weeks […]
The USD/JPY pair took a breather on Tuesday, shedding 0.7% to close at 136.55, erasing most of the gains made in the previous session. The decline came on the back of disappointing macroeconomic data from the US, which weighed on US bond rates, sending them tumbling across the Treasury curve. The 2-year note fell by […]
Market Analysis – May 1 The AUDJPY market has displayed a bullish market structure since April. Higher highs and lows have led the price to the 90.180 supply level. AUDJPY Key Levels Demand Levels: 87.890, 86.920, 84.900 Supply Levels: 91.180, 95.140, 96.000 AUDJPY Long-term Trend: Bullish After multiple failed attempts to break the 91.180 demand […]
Market Analysis– April 30 NZDUSD market turned bearish since the cross of the Moving Averages (periods nine and twenty-one) in February. Lower highs and lows have defined the price action on the 24-hour timeframe. The market is currently bearish as the price have dived to test the 0.6100 support level. NZDUSD Key Levels Demand Levels: 0.6100, 0.5970, 0.5590 Supply Levels: 0.6460, 0.6560, 0.6730 NZDUSD Long-term Trend: Bearish The […]
Market Analysis – April 27 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade has pushed above the rising wedge on the timeframe. The 4-hour chart shows the emergence from the wedge led by three white soldiers. The buyers are currently aiming for 138.0. USDJPY […]
The US dollar had a lukewarm week, slipping by 0.10% to 101.68 as positive sentiment from tech earnings boosted the equity market. However, with the Federal Reserve’s monetary policy decision and the nonfarm payrolls survey coming up, traders are advised to brace themselves for potential turbulence. The Fed is expected to raise interest rates by […]
Market Analysis – April 28 US Oil gapped above the previous high in anticipation of a retest to resume the bearish trend. The market has corrected to fill the gap. The price action is currently being observed to determine if Crude Oil will resume its bearish trend. US Oil Key Levels Demand Levels: 66.000, 62.000, […]
The market analysis indicated that the previously robust upward momentum of Gold has experienced a deceleration. Following its rapid ascent from 1804.0 to 1958.0, the market has remained mostly stagnant, failing to move beyond the next resistance level. Gold Significant Levels Support Levels: 1958.0, 1804.0, 1612.9Resistance Levels: 2068.0, 2150.0, 2300.0 Gold Long-Term Trend: bullish However, […]
USDCAD price has launched to the moon from the oversold region of 1.3300. The Parabolic SAR (Stop and Reverse) resting below the candles has indicated an upward trend. USDCAD Key Levels Demand Levels: 1.3520, 1.3300, 1.2980Supply Levels: 1.3690, 1.3880, 1.4000 USDCAD Long-Term Trend: Bullish USDCAD experienced stiff resistance at the 1.3800 supply zone in October. […]
