Investor attention was on US inflation data and the midterm elections on Tuesday, which caused the British pound (GBP) to decline while the dollar (USD) soared. That said, the October consumer price index (CPI) will be released on November 10 and will likely shake the market. Investors from around the world will closely examine it […]
AUDJPY Analysis – November 7 AUDJPY buyers Hold defense amid price consolidation. The buyers have been constantly making offensive movements against the price trend, despite its range. No doubt the currency pair has been showing a sideways tendency since the beginning of the second quarter of the year. Nevertheless, the buyers have always been making […]
NZDUSD Analysis – November 6 NZDUSD begins an uptrend within an ascending channel. Though the overall outlook of the market on higher time frames is bearish, the daily chart reveals an impending drastic change in the market environment. NZDUSD Significant Zones Demand Zones: 0.5510, 0.5440Supply Zones: 0.6160, 0.6470 NZDUSD Long-term Trend: Bullish Algorithmically, NZDUSD has […]
On Monday, the risk-on mood prevailed throughout markets, with European stocks soaring on persisting hopes China could relax COVID rules. As a result, the euro (EUR) and sterling (GBP) appreciated versus the safe-haven U.S. dollar (USD). According to a survey released on Monday, investor sentiment in the eurozone climbed in November for the first time […]
GBPJPY Analysis – November 5 GBPJPY fails to hold over the crucial 167.810 key level and has dropped below it at a very key period. The price summoned courage on the 13th of October for a price surge that pierced through several key levels, including the limiting level at 167.810. The price even retraced temporarily […]
After losing 2% as a result of the Bank of England’s (BoE) highest interest rate hike in three decades, the pound rebounded on Friday but was still on track for its greatest weekly loss in six weeks. Pound Records Worst Weekly Decline Against the Dollar Since Truss’ Era The pound was trading at $1.1236, up […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade buyers exit the market at the –100% retracement levelUSDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – November 3 USDJPY – Guide, Tips & […]
The AUD/USD pair continues its previous day’s post-FOMC decline from close to the psychological level of 0.6500 on Thursday and continues to be under some selling pressure. The decline, which is fueled by widespread USD strength, pushes spot prices below the 0.6300 level and to their lowest point in one and a half weeks during […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BearishEUR/JPY pair has resumed selling pressure as it risks decline to level 142.79. The Yen surged to a high of level 148.40 on October 21 but then fell back above the level of 145.59. The Yen has been bouncing below […]
