On Tuesday, the Australian dollar (AUD) recovered from recent severe declines by gaining ground against the Chinese yuan (CNY), while the New Zealand dollar (NZD) is expected to experience an additional boost from its central bank’s likely first-ever major rate hike. The Australian dollar, which is frequently used as a liquid substitute for the Chinese […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BearishThe EUR/JPY pair is in an upward correction but risks decline at level 146.00. The pair has been trading between the moving average lines ever since the price collapse on November 9. The 21-day line SMA is where the upward […]
Monday saw a decline in the pound (GBP) versus a rising dollar (USD) as mounting COVID-19 cases in China, the world’s second-largest economy, prompted further restrictions. As China deals with rising COVID cases, the risk-sensitive sterling was down 0.6% at 1.1816 and on pace for its biggest daily loss versus the US dollar in two […]
NZDUSD Analysis – November 20 NZDUSD enters the supply zone at 0.6470 to execute sell orders. In anticipation of the market entering the supply zone, the bears had already placed sell orders at the 0.6470 zone. A bearish order block transpired on both the weekly and the daily time frames after a price delivery to […]
Trading is one of the hot topics nowadays, as it is one of the ways to make sure you have a passive income. However, even though trading might seem like a piece of cake, there are a lot of details you need to take into account when you start trading. It comes with many risks, […]
GBPJPY Analysis – November 18 GBPJPY is recovering nicely from a recent slip-up it had. The price had worked very hard to rise above the 168.720 resistance level, and by the time the currency pair rose above the level, it got weakened and ceded control to the bulls, who quickly effected a strong bearish formation […]
After Federal Reserve policymakers restated their commitment to raising US interest rates more than markets presently anticipate, the dollar (USD) weakened on Friday but was still on track for its highest weekly gain in a month. It decreased in value vs. the pound (GBP), which increased after a tumultuous day on Thursday in response to […]
The bulls’ pressure is increasing USDCHF Price Analysis –18 November In case the buyers exert more pressure in the USDCHF market, the Price will increase toward the resistance level of $0.95, $0.96, and $0.97. When the support level of $0.94 is penetrated downside bearish momentum may increase, USDCHF price may sink to $0.94, $0.93, and […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – November 17 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade buyers finally resume the uptrend after a discount. Up until late October this […]
