GBPJPY Analysis – December 16 GBPJPY gyrates within key resistance and support levels. Since November, the price has bounced back and forth between 169.10 and 164.40. GBPJPY Significant Levels Demand Levels: 164.40, 159.90, 154.70 Supply Levels:169.10, 171.20, 175.00 GBPJPY Long-Term Trend: Ranging There was a steady decline in price during mid-September. The price fell to […]
Last week, the Australian Dollar (AUD) suffered as a result of the US Dollar’s (USD) spectacular surge in response to growing recessionary concerns. Last Wednesday, the Federal Reserve raised its target range by 50 basis points to 4.25%–4.50%. Despite a slightly softer US CPI the day before, the shift was generally predicted. Despite a 64K […]
GBP/USD Long-Term Analysis: BullishThe GBP/USD pair is currently on an upward trend as it may turn around at level 1.2078. The Pound is retracing as it finds support above the 21-day line SMA. If the pullback ends, the present rise may resume. The positive momentum can regain strength as long as the price retraces above […]
Bulls may dominate USDCHF market soon USDCHF Price Analysis –16 December In case the buyers exert more pressure and defend the support level of $0.92, USDCHF will break up the $0.93 level, increasing toward the resistance levels of $0.94, and $0.95. In case the sellers exert more pressure, the support level of $0.92 may be […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – December 16 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade breaks out of the expanding channel to seek liquidity in lower trading zones. […]
The British pound (GBP) is expected to conclude the week under significant pressure against the US dollar (USD) after weak economic statistics on Friday stoked concerns about a possible national economic recession. Base rates reached peaks not seen since 2008 (3.5%) on Thursday as a result of the Bank of England’s (BoE) 0.5% percentage point […]
Price activity on the WTI/USD market seems to have met a strong resistance, during its upside retracement. Subsequently, there has been a change of events, and price action may resume its overall moderate downtrend. Important price Levels: Top Levels: $80.00, $84.00, $88.00 Floor Levels: $75.85, $73.00, $70.00 WTI/USD Corrects off the $77.50 Resistance A significant […]
In response to new pressure from the West’s price ceiling on Russia’s oil exports, the Russian ruble (RUB) recovered some of its losses after Thursday’s plunge to its lowest level against the US dollar (USD) in more than five months. Russian Ruble Falls Across Board In early morning trading in Moscow today, the ruble dropped […]
XAU/USD has nearly clinched the $1,800 price level but seems to be encountering downward forces. Consequently, this has pulled down a considerable part of the recently gathered profit, yet more may be lost to downward forces in this market. Important price Levels: Top Levels: $1,800, $1,830, $1,860 Floor Levels: $1,790, $1,750, $1.720 XAU/USD Lost Most […]
