Market Analysis – February 1st The FTSE 100 ascends in a bullish channel on the daily chart. The market is currently in a correction phase after striking the supply level at 7887.0. FTSE 100 Key Levels Resistance Levels: 7600.0, 7887.0, 8100.0Demand Levels: 7311.0, 7079.0, 6820.0 FTSE 100 market initiated a decline in price from the […]
Market Analysis – January 29 US100 has turned bullish after multiple attempts by the bulls to break the demand level at 10665.00. The bulls emerged from a double-bottom pattern at the demand level. US100 Major Levels Demand levels: 11311.00, 10665.00, 10000.00Supply Levels: 12002.40, 12795.00, 13638.00 US100 Long-term Trend: Bullish US100 sellers gained control of the […]
Following an unexpectedly positive jobs report from the United States, which fueled expectations that the Federal Reserve (Fed) would hike rates above Wednesday’s 25 basis point (bps) threshold, the GBP/USD pair took an unexpected bearish turn, and the British pound plunged and widens its losses on Friday (bps). The GBP/USD currency pair is currently trading […]
Market Analysis – January 29 NZDUSD’s bullish strength declines as the market reaches higher prices. The slope of the uptrend is now gentle as the market rises. KIWI Key Zones Resistance Levels: 0.650, 0.700, 0.750 Support Levels: 0.620, 0.560, 0.500 NZDUSD Long-Term Trend: Bullish NZDUSD’s price declined steadily as the market formed lower highs and […]
EUR/USD was impacted by the European Central Bank’s (ECB) decision to raise interest rates by 50 basis points on Thursday. This move was in line with market expectations, and the ECB confirmed that it plans to raise rates further to bring inflation back to its 2% medium-term target. The central bank has been hawkish in […]
The GBP/USD pair has struggled to make a comeback against the dollar, as price action remained largely unchanged during the Asian and early European sessions on Wednesday. Yesterday’s sell-off in the pair saw it reach a low of 1.2300, and analysts predict that this may not be the end of the downward trend. Nationwide Housing […]
Today, the eurozone saw the release of several key economic indicators, including inflation and labor market data, which were eagerly awaited by investors. However, despite the positive results, the EUR/USD currency pair did not reflect the data. The French inflation, while missing its estimates, still showed improvement compared to the December figure, with an actual […]
Bulls’ Pressure increases in Monero – Guide, Tips & Insights | Learn 2 Trade market Monero – Guide, Tips & Insights | Learn 2 Trade (XMR) Price Analysis: 29 January Should buyers successfully raise the price above $185, pricing may increase close to the $203 and $218 barrier levels. If the $185 resistance level holds, […]
Market Analysis – January 26 The USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade trend remains bearish as the market continues to deliver in a stepwise motion. The bearish structure is observed to be continuous and constant. Lower lows follow the lower highs on […]
