GBP/USD has continued to make its way up the charts as the US Dollar takes a tumble and market sentiment improves. We received some great news just as we were starting to feel pretty good about the situation: major US banks like CitiBank and JPMorgan have agreed to provide a whopping $30 billion aid package […]
The Australian dollar (AUD) has been in the news lately as investors watch for signs of movement in the Chinese economy. You see, China is a big importer of Australian commodities, which makes the AUD particularly sensitive to economic data coming out of the country. Earlier today, the AUD was looking to the economic calendar […]
US30 Analysis – March 14 US30 buyers are unable to overthrow the bearish structure in place, and as a result, the price has slumped below the 32433.0 significant level. The resurgence of buyers has begun since October 2022. The price was able to bypass several key levels. The 32830.00–32433.0 zone presented a barrier to the […]
GBPUSD Analysis – March 13 GBPUSD is ready to scale new heights after breaching its descending channel. The traders are trying to reinstall the market at higher price levels after a catastrophic beginning to February, which saw the market plunge more than 3% with consecutive bearish candles. The price dropped more than 5% into March […]
NAS100 Analysis – March 12 NAS100 fakes its newest trend for another trend. The market broke into an uptrend on the 23rd of January 2023, then conveniently faked the trend as it reversed on the resistance level of 12870.00. It checks back into its previous downtrend and starts heading toward the support level of 11810.00. […]
The USD/JPY exchange rate is taking us on a wild ride as investors flock to Japanese government bonds in search of safety amidst falling yields. The banking industry, in particular, has taken a hit, with Japan’s largest banks revealing extensive bond holdings on their balance sheets. It seems like they’ve been following the mantra “never […]
Market Analysis – March 13 AUDJPY has experienced a bearish breakout from a parallel channel. The market is currently approaching the 87.890 support level. AUDJPY Key Levels Supply Levels: 95.140, 98.230, 100.000 Demand Levels: 87.890, 85.920, 83.90 AUDJPY Long-term Trend: Bearish AUDJPY Bulls got exhausted after pushing through to reach 98.230. The sensitive major level […]
Market Analysis – March 12 NZDUSD has experienced a bearish market reversal. The market is descending through a falling wedge on the daily chart. The bears have made the first attempt to break the 0.6090 support level. NZDUSD Key Levels Supply Levels: 0.6500, 0.6350, 0.6230 Demand Levels: 0.6090, 0.5770, 0.5570 NZDUSD Long-term Trend: Bearish NZDUSD […]
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 is in an upward correction but risks rejection at level 143.73. At the time of writing, the Yen is trading at a level of 143.10. The moving average lines have now entrapped the currency pair. When the […]
