Sterling touched the 1.3628 high against the greenback in the mid-London session on Thursday, following the interest rate decision from the BoE. According to forecasts, the Bank of England raised its prime rates by 25 basis points (bps) to 0.50% to tackle the growing inflation risk in the region. With the US dollar remaining under […]
Lucky Block – Guide, Tips & Insights | Learn 2 Trade Market Forecast – February 3 The Lucky Block – Guide, Tips & Insights | Learn 2 Trade market forecast points towards a breakout to the upside after the market conforms to a triangle pattern. LBLOCK/USD Long-term Trend: Bullish (Daily Chart) Key Levels:Resistance Levels: $0.0011500, […]
USDCAD Price Analysis – February 2 USDCAD buyers’ strength dwindles as bears influence price movement in the market. The buyers are in favor of seizing price movement upward, but, price activity is held bound by the bears in the market currently. For the bulls to proceed with their race back to the 1.29120 significant level, […]
Lucky Block – Guide, Tips & Insights | Learn 2 Trade Market Forecast – February 2 The Lucky Block – Guide, Tips & Insights | Learn 2 Trade market forecast is an imminent reversal as price approaches a strong key level at $0.0009490 LBLOCK/USD Long-term Trend: Bullish (Daily Chart) Key levels:Supply Levels: $0.0015300, $0.0019700, $0.0022000Demand […]
Korean won (KRW) fell against the USD last month, as explained by an analyst at MUFG. They forecasted that the pair will experience a downward trend for the remaining of this year and that it will be at 1150.0 by the third quarter, and that its value will be at 1145.0 by the end of […]
The Australian dollar recorded a weak trading session on Tuesday as it dropped against most top currencies following a cautious stance by the Reserve Bank of Australia (RBA) over raising interest rates. However, the single currency did not suffer significant losses thanks to the improving sentiment in the financial markets, following a healthy rebound in […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD is in a bullish momentum but may resume uptrend after retracement. The currency price broke above the 50-day SMA but it is below the 21-day SMA. If the currency price has broken above the 50-day SMA and the 21-day […]
USDCHF Price Analysis – February 1 USDCHF is dropping as it continues tapering through a triangle pattern. The key levels have been influencing the market’s movement within the tapering movement. The 0.92570 pressed the market downward and ensured a triple bounce of the price on the lower border of the triangle before it broke through […]
EURUSD Price Analysis: January 31 EURUSD retraces towards the imbalance after its downward motion. The EURUSD market has been in consolation. The bears pulled through the demand zone on the 29th of September. The zone was tested earlier on August 20th. The bears failed initially to push through. After the violation of the zone, there […]
