The value of the Argentine peso has fallen to historic lows as a result of a sharp decline. On December 23, local media reported that one of the unofficial, or “blue dollar,” exchange rates between the currency and the U.S. dollar had risen to 340 pesos. This represents a 5-month low for the peso following […]
Market Analysis – December 26 NZDUSD retraces to gather bullish momentum at the 0.6200 demand zone. The market has been on a steady uptrend since the shift in market structure on the 26th of October. NZDUSD Key Levels Demand Levels: 0.5600, 0.600, 0.6200 Supply Levels: 0.6450, 0.6570, 0.7000 NZDUSD Long-term trend: Bullish The daily candles […]
The dollar fell against the majority of currencies on Friday in turbulent, thin trading as data showed that the US economy is slowing down a touch, supporting forecasts of more gradual Federal Reserve interest rate increases and boosting investors’ risk appetite, according to Reuters. After increasing by 0.4% in October, the personal consumption expenditures (PCE) […]
The Nasdaq 100 price action managed to gather some profits near the $10,854 mark last Friday to end the week’s trading activities at $10,985. Consequently, this seems to hint at the possibility of Nasdaq 100 claiming some early profits once the market opens for the week. Major Price Levels: Top Levels: $10,985, $11,000, $11,150 Floor […]
USDCAD Analysis: December 24 The USDCAD price is currently above the equilibrium level of the previous significant bullish move. USDCAD climbed within an ascending channel from the 1.250 demand level. The market rose as a result of crucial support levels. The support level at 1.300 caused the price to fly rapidly to 1.380. There was […]
On Friday, the Indian rupee lost a little bit of ground against the US dollar. The currency ended the week practically flat thanks to the Reserve Bank of India’s (RBI) expected intervention, and forward premiums reached their highest level in a month as a result. The rupee fell from 82.7625 to 82.8575 per dollar during […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – December 22 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade price continues to fall after the shift in market structure at 149.90. To […]
Following the extended downward retracement that started from the 2nd until the 7th of December 2022, USOil has been able to recover a significant part of the losses incurred during those times. Furthermore, market signs are still positive about more upside price moves. Major Price Levels: Top Levels: $78.37, $80.00, $82.00 Floor Levels: $76.00, $74.00, […]
As a result of U.S. data showing a robust labor market that could sustain the Federal Reserve’s hawkish stance for longer, the U.S. dollar (USD) increased against the majority of its major rivals on Thursday. While the economy recovered more quickly than anticipated in the third quarter, the number of Americans submitting new claims for […]
