GBPUSD Analysis – March 20 GBPUSD executes a retest and is gunning for higher heights. The market has had its upward movement blocked at 1.24480. The price then goes into a ranging phase with 1.22640 as the demand level. By early February, the sellers have grown stronger, and they take advantage to plunge the currency […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BearishThe EUR/JPY pair has fallen below the moving average lines as it encounters resistance at level 141.00. The Yen hit a low of 140.64 as of the time of writing. The selling pressure will intensify as soon as the price […]
The yen was on the rise on Monday as investors sought refuge from the turmoil in the banking sector. The trigger was UBS’ bargain-basement takeover of its troubled rival Credit Suisse, which wiped out billions of dollars of bondholders’ money. The deal, brokered by the Swiss authorities over a frantic weekend, valued Credit Suisse at […]
US30 Analysis – March 18 USOil has had a temporary stop in its drop because the buyers intervened. The result is that the market entered an accumulation phase as opposing market forces tried to steer the price in their favor. This lasted for several months, ranging back to November last year. Eventually, on the 13th […]
The US dollar is like a rollercoaster these days, going up one minute and down the next. This week, it’s been tumbling down like a wild ride, slipping by about 0.8% to settle just below the 104.00 level on Friday. And, as always, there are some culprits behind this drop in value. The steep decline […]
Market Analysis – March 15 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade has turned bullish since the market reversal abounded in January. The bulls have retraced from the resistance level of 138.00 to seek support for an ascent. USDJPY – Guide, Tips & […]
Market Analysis – March 14 EURCHF market ascended with the aid of a bullish trendline until 1.0090 was reached. The market has turned bearish after the break of the bullish trendline. EURCHF Key Levels Demand Levels: 0.9820, 0.9770, 0.9720 Supply Levels: 1.0000, 1.0060, 1.0090 EURCHF Long-Term Trend: Bearish EURCHF ascended from a bullish order block […]
XAUUSD Analysis – March 16 XAUUSD is set to break the 1957.770 resistance level. The Gold market has been on a strong ascendency since the end of last year into this year. The price only took a hit when it met the 1957.770 significant level. This led to an immediate dip in price, which only […]
FTSE100 Analysis – March 15 FTSE100 falls without a break after the completion of the three black crows candlestick pattern. As the price heads towards the key support level at 7310.00, there’s no hope of the market returning to the upside as it pushes below in a sharp manner. There are speculations that it may […]
