USDCAD Analysis – 15 The USDCAD market has appeared to rise steadily over the past year. The market has ascended steadily through the ascending channel in a decent manner. USDCAD started the year below the 1.2630 major level. The fall in price below the major level led to short covering. The market was oversold in […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair is now trading in the bearish trend zone as it declines to a level of 142.42. The duo was repulsed on December 12 after reaching a high of level 145.32. The moving average lines were broken and […]
EURCHF Analysis – December 13 EURCHF takes advantage of the bullish order block resting at 0.9710. The market changed direction from bearish to bullish in September. The market dived into an oversold region, which prompted a market reversal. EURCHF Major Levels Demand Levels: 0.9800, 0.9710, 0.9640 Supply Levels: 0.9900, 0.9950, 1.0040 A double-bottom reversal pattern […]
After US30 price broke the resistance of $32,954, price action advanced toward the $34,572 price level. Subsequently, the $34,572 price level was tested but wasn’t broken. Nevertheless, at this point, it appears as if another attempt has been launched. Important price Levels: Top Levels: $33,971, $34,150, $34,350 Bottom Levels: $33,900, $33,800, $33,660 US30 Recouping Towards […]
AUDJPY Analysis – December 12 AUDJPY’s short-term bullish ride has finally reached a resistance region. The AUDJPY is still in a downward trend. The daily candles are decently organized within the bearish channel on the daily chart. The recent bullish candles formed in the previous week appear to be a counter-trend move. AUDJPY Major Levels Demand Levels: […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair is rising again as it targets level 148.00. After pulling back, the Yen rose back above the moving average lines. The high of level 148.00 is probably within reach given the current bullish trend. On May 9, […]
Ahead of an important week of central bank meetings and data, the euro (EUR) grew weaker on Monday as the US dollar (USD) saw some bullish momentum. Central Bank Data From the US, Europe, and Britain to Determine Market Dynamics Leading the pack are the Federal Reserve, the European Central Bank (ECB), and the Bank […]
After GBP/USD price fell to a multi-month lowest, near the close of September, price action in this market has been gathering moderate gains in the medium term. However, recently, although with reduced volatility, price activities have been progressing upwards and towards the $1.2500 price mark. Important price Levels: Resistance Levels: $1.2300, $11.2350, $1.2400 Support Levels: […]
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NZDUSD Analysis – December 12 NZDUSD bulls have been very aggressive since they took advantage of the $0.5600 level to create a market reversal. The bearish trend halted in October, at the exhaustion of the bears. NZDUSD Significant Zones Resistance Levels: 0.6450, 0.6570 0.7000 Demand Levels: 0.6200, 0.6000, 0.5600 NZDUSD Long-Term Trend: Bullish The Moving […]
