Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BearishGBP/USD is in a downtrend as it holds above 1.0356. The currency pair corrected upward and broke above the 21-day line SMA but failed to breach the 50-day line SMA. The pair could have resumed an uptrend […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BullishEUR/JPY pair is trading in the bullish trend zone as it rallies to level 144.84. The pair has risen to an overbought region of the market. It has risen to level 144.84 which has been the overhead resistance zone. Since […]
Following news of a potential U-turn by the UK government on its budgetary policies, the Sterling (GBP) jumped to a one-week high until robust US inflation data tempered some of those gains. that said, the pound maintained a steady bias despite raging market dynamics on Thursday. After Sky News reported that the British government is […]
EURCHF Analysis – October 11 EURCHF enters into a ranging phase as the market’s buyers are trying to gather momentum to rise out of a depressed state. The buyers have been ineffective in stopping the currency pair from plunging to a record low. However, since the sellers are taking a breather, the buyers are utilizing […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – October 13 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade buyers drives the market into an overbought region. As indicated by the Relative […]
USDCAD Analysis – October 12 USDCAD buyers remain dominant as the market rallies upward. The overall trend became bullish after the two-year low was reached at 1.20129. Before that, the market had been gyrating within a descending channel. This descending channel began its course in December 2020. USDCAD Major Zones Demand Zones: 1.3500, 1.3220Supply Zones: […]
AUDJPY Analysis- October 10 AUDJPY driving force is trading lower in the market, and the sellers are the ones in charge of the wheel. The bears are subjecting the price at the moment to a downtrend after going awry upon the price’s arrival at the 96.100 significant zone. The sellers are therefore aiming to cause […]
XRPUSD declines as the price still consolidates. The volume is currently declining as the US dollar calls for inflation. The crypto market has been in a brief decline with the release of the former SEC (Securities and Exchange Commission) official speech and corresponding documents. The SEC official goes by the name William Hinman. By October […]
In bumpy trading on Tuesday, the U.S. dollar (USD) moved higher, building on previous gains ahead of a crucial inflation report later this week that is anticipated to indicate stubbornly high price pressures. While investors were uneasy due to concerns about increasing interest rates and geopolitical issues, the dollar’s attitude overall remained strong. Meanwhile, the […]
