On Friday, the EUR/USD currency pair experienced a two-day reversal last week, moving closer to 1.0850. This was primarily due to a negative shift in risk sentiment and expectations of profit-taking before the weekend. Support for the US Dollar was strengthened by positive US macroeconomic data released on Thursday. The US Commerce Department reported an […]
Market Analysis – January 24 EURCHF has leapt out of a bullish order block for the second time on the current uptrend in the daily chart. The buyers are taking advantage of deep discount levels to ascend. EURCHF Key Zones Demand Levels: 0.94300, 0.96470, 0.98210 Supply Levels: 1.00600, 1.01520, 1.02500 EURCHF has leapt out of […]
Market Analysis – January 27 GBPJPY is currently showing bullish reversal signs in the market. The market has formed a double-bottom bullish reversal pattern on the daily chart. GBPJPY Significant Zones Resistance Levels: 1.00600, 1.01520, 1.02500 Support Levels: 0.98210, 0.96470, 0.94300 GBPJPY Long-term Trend: Bullish The GBP/JPY market appears to move in a single direction […]
As the week draws to a close, the value of the dollar has risen against the euro and sterling, due in part to investors’ focus on the upcoming central bank meetings. The Federal Reserve, European Central Bank, and Bank of England will all be making rate decisions next week as they navigate the current economic […]
Market Analysis – January 24 The USDCAD market direction appears to be bearish after a second break, and a retest occurred in the market. USDCAD Key Levels: Resistance Levels: 1.400, 1.390, 1.370 Support Levels: 1.330, 1.290, 1.250 USDCAD Long-term Trend: Bearish USDCAD seeks to offer sell-side delivery after a long-term uptrend in the market. The […]
On Wednesday, the Japanese yen experienced a rise in value against the US dollar. The weakening of the greenback allowed for this gain. Despite recent slight adjustments made by the Bank of Japan towards policy normalization, the central bank remains one of the most accommodating among developed countries. As a result, the yen often reacts […]
The bulls’ momentum is increasing in Uniswap market Uniswap Price Analysis – 26 January Price levels of $7.2 and $7.9 may be tested provided the bulls are able to break through the $6.6 resistance level. The sellers’ momentum can pick up if the $6.2 support level is breached, leading Uniswap to break the $5.7 support […]
The Canadian dollar (CAD) softened against the US dollar (USD) on Wednesday following a Bank of Canada (BoC) announcement. In a recent press release, the Bank of Canada announced that it will be raising interest rates by 25 basis points, citing persistently elevated inflation and increased resilience from the United States and Europe in terms […]
Market Analysis: January 23 NZDUSD has reached the supply level of 0.650, where it paused for a pullback in December. The New Zealand dollar is rising in value against the US dollar in the market. NZDUSD Key Zone Demand Level: 0.620, 0.600, 0.560 Supply Level: 0.650, 0.660, 0.680 NZDUSD has resumed the uptrend after its […]
