Market Analysis – February 23 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade has turned bullish on the daily timeframe. The price is rising slowly toward the resistance levels. The first resistance level of 134.40 has been reached. USDJPY – Guide, Tips & Insights […]
Market Analysis – February 23 The price of Gold rallied with an attempt to strike the 1999.0 supply level. The buyers got exhausted before reaching the supply level. The market made a U-turn above 1871.0 to retrace to the nearest bullish order block for support. The bullish order block has failed to hold, leading to […]
The EUR/USD exchange rate has been volatile in recent weeks, with the pair fluctuating between 1.06 and 1.21. The latest data on Eurozone inflation indicate that annual inflation has dropped to 8.6% in the euro area and down to 10.0% in the EU. The decline is due to a fall in energy prices, which has […]
Market Analysis – February 23 EURCHF has turned bearish with the formation of a double top. The market has broken the ascending wedge on the daily timeframe. EURCHF Key Levels Resistance Levels: 1.0150, 1.0060, 0.9910Support Levels: 0.9820, 0.9640, 0.9430 EURCHF Long-term Trend: Bearish EURCHF initiated the bullish ascent with the aid of three white soldiers. […]
The US dollar received a boost after the Federal Reserve released the minutes from its January 31–February 1 meeting. During the meeting, the central bank raised its benchmark rate by 25 basis points to 4.50–4.75% in an effort to bring inflation back to the bank’s 2% target. The minutes showed that the central bank will […]
Market Analysis – February 22 The FTSE 100 price is rising daily. The market has pushed through the resistance level of 7887.0 with the aid of a bullish order block. FTSE 100 Key Levels Demand Levels: 8200.0, 8400.0, 8600.0Supply Levels: 7877.0, 7622.0, 6820.0 FTSE 100 Long-term Trend: Bullish The market experienced a sudden crash in […]
Market Analysis – February 22 US 30 has delivered a bearish displacement toward 32751.0. The symmetrical triangle has prepared the market for an accumulated phase of distribution. US 30 Key Levels Demand Levels: 32751.0, 31718.0, 28675.0Supply Levels: 34209.0, 35551.0, 37007.0 US 30 Long-term Trend: Ranging US 30 market experienced a bullish reversal in October. The […]
Market Analysis – February 22 USDCAD is experiencing a bullish reversal at the 1.330 support level. A double-bottom chart pattern has formed to signal an ascent. USDCAD Key Levels Demand Levels: 1.330, 1.290, 1.250Supply Levels: 1.370, 1.390, 1.400 USDCAD Long-term Trend: Bullish USDCAD used the supporting trendline to ascend from 1.250 to 1.390. The uptrend […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair is currently trading in a bullish trend zone as it faces a decline. This will be the first time since December 20, 2022, that the pair has traded above the moving average lines. The Yen has reached […]
