Market Analysis – April 18 AUDJPY has witnessed a bullish Break of Structure on the 24-hour chart. After rising beyond the 87.890 level, the market experienced a retracement to the demand level of 87.890. The buying pressure at the support level has fostered a sudden rise in the price. AUDJPY Key Levels Demand Levels: 87.890, […]
The Canadian Dollar (USD/CAD) soared on Tuesday as China’s robust economic growth boosted the outlook for global commodities, especially crude oil. The world’s second-largest economy expanded by 6.8% in the first quarter of 2023, beating expectations and lifting both WTI and Brent prices. The Canadian dollar, which is closely linked to oil exports, benefited from […]
Market Analysis – April 17 NZDUSD price took off for the moon from the 0.5570 demand level. The up thrust from the demand level in October was characterized by a steep slope. The price escaped from the oversold region to the supply level of 0.6500. The bearish reversal was finally established at the inception of […]
Market Analysis – April 17 The GBPUSD market has been stuck between the supply zone of 1.240 and the demand zone of 1.190. A double top pattern spotted at the resistance level may foster a crash. GBPUSD Key Levels Demand Levels: 1.190, 1.110, 1.079Supply Levels:1.240, 1.310, 1.370 GBPUSD Long-Term Trend: Ranging GBPUSD remained bearish from […]
The Australian dollar has been making decent headway as it continues to soar in value against the US dollar. The reason for the latest rally can be attributed to the disappointing US PPI final demand data, which fell short of the estimated 3.0% year-on-year figure for the end of March, settling instead at 2.7%. Furthermore, […]
Bears’ momentum may increase in USDCHF market USDCHF Price Analysis – 16 April In case sellers exert enough pressure, the $0.88 barrier level might be broken, and the falling trend might carry on to the $0.87 and $0.86 levels. The price may breach the $0.89 resistance level and rise toward the $0.90 and $0.91 resistance […]
Market Analysis – April 14 GBPJPY is currently ascending through a parallel channel. The 24-hour candles have struck the upper border of the channel even as the Stochastic is overbought. The Bears are expected to take advantage of a sell-off. GBPJPY Key Levels Demand Levels: 159.90, 156.70, 154.50 Supply Levels: 168.50, 171.20, 174.60 GBPJPY Long […]
Market Analysis – April 14 US Oil experienced a bearish breakout below the demand level of 73.20. The anticipated retest of the demand level was dashed as the market suddenly gapped above 81.130. Oil Key Levels Demand Levels: 73.200, 66.000, 62.00Supply Levels: 81.130, 89.000, 92.800 Oil Long-Term Trend: Bullish Oil was stuck between the resistance […]
Market Analysis – April 13 The USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade has experienced its first break of structure to the upside after a retreat from the resistance level of 138.0. The buyers are set for a breach of the resistance level. […]
