Market Analysis – February 3 GBPJPY has ascended to test a resistance trendline. A rejection candle formed as the market tested the daily bearish order block. The Bears are likely to seize the market with sell orders. GBPJPY Resistance Level Supply Level: 164.50, 168.0 171.80 Demand level: 160.80, 156.00, 150.00 GBPJPY Long-term Trend: Bearish GBPJPY’s […]
US30 Analysis – March 3 USOil is Orchestrating its market to recover from a bearish blow. All the progress made by the market since early 2022 has been undone after the price failed to quickly establish itself above the 121.500 key level on the first trial in March 2022. A second trial in June 2022 […]
Market Analysis – February 2 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade bulls have almost reached the 138.00 supply level. The price of the market is soaring at great speed. USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips […]
Market Analysis – March 1 USDCAD buyers have seized the opportunity to halt the decline of the price in the market. The buyers have launched from the support level of 1.3300 to engineer a bullish reversal. USDCAD Key Levels Support Levels: 1.3300, 1.2900, 1.2500 Resistance Levels: 1.3700, 1.3900 1.2400 USDCAD Long-term Trend: Bullish The USDCAD […]
The Pakistani rupee has made a comeback that nobody saw coming! That’s right, after a 6% drop against the US dollar on Thursday, the rupee has bounced back with a 2.38% increase in interbank trading, closing at 278.46 rupees against the dollar. So, what happened? Well, it turns out that the central bank raised its […]
Market Analysis – February 28 The EURCHF market has defiled the ascending trendline on the daily timeframe. With the change in market direction, a downtrend has been established in the 24-hour timeframe. The price has ascended to the resistance order block, which provides an opportunity for the sellers. EURCHF Key Levels Supply Levels: 0.9910, 1.0060, […]
XAUUSD Analysis – March 2 XAUUSD remains in an uptrend and may reach its highest price level in 2022. The market picked up bullish momentum towards the end of 2022, and this has continued into this year with the market driving past several key levels. Finally, on the first of February, an exhausted buying base […]
The USD/JPY exchange rate has been on a rollercoaster ride since early 2021, with bulls taking the lead in recent weeks. The pair hit a high of 150.00 last year, the best level since 1990, before undergoing a massive downward correction that brought it below 130.00 in mid-January 2023. However, the U.S. dollar has since […]
FTSE 100 Analysis – March 1 FTSE 100 outsmarts the sellers to record its highest ever price level. It has been topsy turvy for the market ever since the beginning of last year. The price has been caught in a stronghold of consolidation with a resistance level of 7687.70 that has prevented it from attaining […]
