Market Analysis – January 13 GBPJPY tapped into the liquidity resting above the relative equal highs at 168.00. The breakout above 168.00 did not hold for long before the market reversed. The market was trapped between the supply zone at 168.00 and the demand zone at 160.80. The market consolidated from May to September. Immediately […]
Market Analysis – January 12 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade was very bullish until the buyers struck the supply level of 150.00. The market was trending higher on the daily chart from April to November. In June, the market declined to […]
On Friday, the British pound (GBP) strengthened against the US dollar (USD) as a result of more moderate inflation figures from the world’s largest economy and some unexpected domestic growth. In December, US price increases slowed for a sixth consecutive month, according to official statistics released on Thursday. Since the majority of interest rate increases […]
On Thursday, the EUR/USD currency pair saw an acceleration in its upside, reaching levels last seen in late April 2022, above the 1.0830 mark. This increase is due to a combination of factors, including increased selling pressure on the dollar, which was particularly exacerbated following the release of US inflation figures for December. The US […]
Market Analysis – January 11 EURCHF rises from the discount level after a pullback to 0.97230. The price continued to rise after a temporary decline to the 0.97230 major demand level. EURCHF Significant levels Supply Levels: 0.99120, 0.99500, 100520 Demand Levels: 0.97230, 0.96470, 0.94300 EURCHF Long-Term Trend: Bullish EURCHF experienced a bullish reversal after the […]
Market Analysis – January 10 USDCAD experiences a bearish breakout after a long period of ascending. The buyers have utilised the bullish trend line multiple times to regain bullish momentum. Finally, the Bears appear to have seized control of the market. USDCAD Key Zones Resistance zones: 1.370, 1.390, 1.410 Support Zones: 1.330, 1.290, 1.250 USDCAD […]
Key Support Levels: 129.00, 128.00, 126.00Key Resistance Levels: 132.00, 133.00, 134.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair has entered a positive trend zone as it may reverse at level 142.87. The pair was undercut below the present support at level 138.00 on January 3 by the bears. As the price rose over the moving […]
With the European Central Bank (ECB) resuming operations yesterday, the euro (EUR) extended its gains against the British pound (GBP) from yesterday. One of the more outspoken officials, Isabel Schnabel, bolstered the hawkish narrative, while the ECB’s Villeroy stated that future interest rate increases are required for his remarks today. Money markets are currently pricing […]
S&P 500 market may experience increased bullish pressure S&P 500 Price Analysis – 10 January S&P 500 may violate the $3926 resistance level if buying pressure increases, and more buying pressure could push the price as high as $4087 and $4169 levels. If the resistance level of $3926 holds, price may turn around and decline […]
