Market Analysis – February 16 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade bulls have taken control of the market again after losing it to the sellers in November. The market has reached the immediate resistance level of 134.40. USDJPY – Guide, Tips & […]
The Australian dollar continued to slide in the Asian session as the US dollar extended gains. Despite comments from RBA Governor Lowe, the currency failed to recover. Lowe indicated that the RBA is keeping an open mind and that further rate hikes are necessary. However, his remarks were drowned out by similarly hawkish comments from […]
The EUR/USD pair recently witnessed a fall as the euro weakened against the US dollar, causing a stir in the markets. The euro’s fall has come amid concerns about the possible overtightening of ECB policy as well as the divergence in economic performance between the Eurozone and the US. The US has been recovering from […]
Market Analysis – February 15 USDCAD remains at 1.330 after the bearish market reversal at 1.390. The bulls are unwilling to let go of the 1.330 demand level. USDCAD Key Levels Demand Levels: 1.330, 1.290, 1.250 Supply Levels: 1.370, 1.390, 1.400 The market ascended through the second half of the previous year. Three white soldiers […]
Market Analysis – February 14 EURCHF’s price action has revealed a clear sign of a descending trend. The supporting trend line of the ascending wedge has failed to support the price. EURCHF Key Levels Demand Levels: 0.9820, 0.9720, 0.9430 Supply Levels: 0.9910, 1.0600, 1.0150 EURCHF Long-term trend: Bearish In the third quarter of the previous […]
Market Analysis – February 14 The US30 Market is currently in an accumulation phase, preparing for massive displacement. In 2022, multiple demand levels supported the push-up in the price for short periods. However, the rise in demand from level 28675 changed the market’s narrative. US30 Key Levels Demand Levels: 32751.0 31718.0, 28675.0Supply Levels: 34209.0, 35551.0, […]
Market Analysis: February 15 FTSE 100 remains unyielding to resistance as the price continues to rise rapidly. The resistance levels are turning toward support on the daily time frame. 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 liquidity pool at 7079.0 was swept in September […]
The USD/JPY pair has been moving higher since the middle of January, as traders brace for any change or degree of monetary policy from Japan’s new central bank chief. With the current governor’s tenure set to end on April 8, the new BoJ chief, Kazuo Ueda, will be faced with a tough set of problems. […]
Market Analysis – February 13 GBPUSD struggles to push beyond 1.240 since the test of the resistance level at 1.240. Since the MACD (Moving Average Convergence and Divergence) indication of an uptrend in October, the expanding channel has guided the market to reach the supply zone of 1.240. GBPUSD Key Levels: Demand Levels: 1.190, 1.110, […]
