GBP/USD stays weak for three consecutive days today and falls lower to the floor of its trading limit. Also, this is happening despite a moderate fall in the USD. Furthermore, United Kingdom’s political issue is serving as an impedance to the pound, thus restricting the spot price under 1.1200. This happened throughout the first part […]
USDCAD Analysis – October 19 USDCAD sellers aim lower following a bearish divergence’s indication at the 1.3910 supply zone. At the first bounce off the demand zone at 1.2960, prices began to expand upward. Towards the end of last year, USDCAD bounced off this level as it got crashed to the downside by the […]
The British pound dropped on Wednesday as investors weighed the prospects for interest rates following the elimination of the majority of the government’s “mini-budget” as statistics revealed that rising food costs drove British inflation into double digits last month. The pound was down 0.7 percent against the dollar at 1.12240 as of 11:30 GMT and […]
EURCHF Analysis – October 18 EURCHF leverages on a strong demand zone to push higher. The buy-traders have begun engineering an uptrend after the price hit rock bottom over the past one month. The market dropped to an entirely new low at 0.94000. This was especially possible because the currency pair was blocked at 0.98360. […]
The Russian ruble (RUB) was supported by month-end tax payments as Russian markets opened steadily on Tuesday, despite persistent investor worries about the prospect of more Western sanctions against Moscow. The RUB trades at the 61.95 mark, or -1.48% against the US dollar (USD) in the North American session on Tuesday. Against the euro (EUR), […]
AUDJPY Analysis – Buyers Are Ready to Push Further Above the 92.180 Key Zone AUDJPY price changes focus as buying strength increases. There has been a major decline in the selling frequency of the AUDJPY pair. Many traders had hoped for more selling impact on the currency pair but are currently holding back. A breakout […]
Following a drop to a 32-year low for the Japanese yen (JPY) last week and meetings of the heads of the world’s financial systems that acknowledged currency instability, Japanese authorities continued to provide verbal warnings to the market on Monday of a stern response to notably rapid yen losses. After the Group of Seven (G7) […]
USD/JPY currently appears to be witnessing a bullish Ranging period. As a result, the pair is moving to and fro within narrow limits, during the 1st part of the European trading period. Spot price stays within the striking range of the most elevated level since about 24 years ago (1998), near the 147.00 price level. […]
NZDUSD Analysis – October 16 NZDUSD sellers drive the market into a demand zone. On February 25, 2021, the 0.74645 price level marked the current two-year high. Towards October 2021, the market was ranging within a boundary. The NZDUSD sellers have been in total control ever since the range got broken. NZDUSD Significant Zones Demand […]
