AUDJPY Analysis – Market Sequence Pursues a Bearish Period Below 81.920 AUDJPY market sequence pursues a bearish period as the price continues to drop below the 81.920 price level. The market juncture is currently in a bearish era, so more prices are anticipated to be sold short. The buyers buying long positions are finally holding […]
The GBP/USD pair started the new week with GBP bulls struggling to hold above 1.3550 as we head into the London open on Monday. That said, the current trading sentiment highlights the renewed dollar strength ahead of some key preliminary PMI data releases for January in both the UK and US. Meanwhile, the uncertainty trailing […]
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 is trading in the bearish trend zone but consolidates above Level 129.05. The downtrend has been ongoing since May 2021. The currency pair faced rejection at the high of level 134.00. While the downtrend extended to level 127.93. […]
Following the pair rebound at support with the 1.1300 level inclusive, the 50-day MA exactly at 1.1319 and an upward movement which has been aiding value activities since ending of November 2021 The market has been moving slowly upwards. At the present, the 21DMA at 1.1346 has been ceiling the in-day profits and at the […]
EURJPY Price Analysis – January 21 EURJPY continues its ranging pattern in its bullish flag formation. The market has been cranking through a descending channel and that is set to continue. The price has turned downward after reaching the upper border of the descending channel. Shortly before the drop, the market had struggled to hold […]
GBPJPY Price Analysis – January 21 GBPJPY crashes steadily after reversal at the supply zone. The market has continuously switched power between the bulls and the bears. There has been very little consolidation since October 2021. The bulls went long from the demand zone at 148.970. They were very dominant in the market. There were […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis: Expansion Leads to Bulls’ Break Out and Retest USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade bulls’ breakout and retest after expansion led to […]
AUDUSD Price Analysis – January 20 AUDUSD seeks to surmount the 0.73150 as it recovers from its latest setback. The market can be seen to be zigzagging through an ascending channel, making consistently higher highs and higher lows. Price has made its first contact with the resistance level and has dropped to the lower border […]
S&P 500 Price Analysis – January 19 S&P 500 falls short at the 4810.0 resistance zone. Price has been gyrating through an ascending parallel channel. Bulls show their prowess by pushing the market to the upper half of the channel. However, towards the end of November 2021, S&P 500 started showing notable weaknesses as the […]
