The US dollar currently struggles to backtrack from what could be its highest weekly fall in over a year on Friday, as investors pulled away from the greenback as they believe that the possible rate hikes this year have been fully priced in. The dollar fell against most of its competitors following a data release […]
EURJPY Annual Forecast – Price Is Set to Scale New Heights With a Bullish Flag Formation The annual forecast for EURJPY is for it to scale new heights, having conformed to a bullish flag formation. The bullish flag formation, an offshoot of the triangle pattern, began towards the tail end of 2020 as bulls began […]
GBPJPY Annual Forecast – Bulls Have the Bias in a Ranging Market The annual forecast for GBPJPY points to a bias in the bulls’ favor. The market has been in a ranging pattern as bulls and bears tussle for preeminence. Despite the bears’ being more aggressive, bulls are favored to gain preeminence. This is chiefly […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Annual Forecast – Price Breaks Out From Bullish Flag Formation in 2021 The annual forecast for USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade is […]
Sterling scaled a new five-month peak against the dollar in the London session on Thursday at 1.3748 but remained unchanged against the euro, as investors stayed glued to the potential of a rate hike from the Bank of England. The GBP received some boost from investors as expectations for an additional rate hike intensified amid […]
AUDUSD Annual Forecast – AUDUSD Is Back in Contention for Higher Price Levels The annual Forecast for AUDUSD sees it pump back up in contention for higher price levels. Having been seriously battered in the first quarter of 2020, the Australian Dollar took advantage of the COVID-19 pandemic to strengthen itself at the expense of […]
Market analysts expect the Bank of Japan (BoJ) to adjust its price forecast set for release next week upwards, as the consumers start to feel the effect of higher raw material costs. However, the bank stressed its decision to keep its monetary policy ultra-loose as the nation’s inflation rate remains well below the 2% target. […]
USDCAD Annual Forecast – The Market Is Currently Following a Bearish Format USDCAD market is currently following a bearish format as the bears keep giving it a clear influence. However, USDCAD price action has undergone several tests of significant price values in the market movement. The price level first follows sellers’ direction to the very […]
S&P 500 Annual Forecast – Price Maintains Bullish Fervor S&P 500 maintains its bullish fervor even as it enters the year 2022. The market has been ascending via a parallel channel from as far back as 2018. Nevertheless, though still climbing upwards, S&P 500 was subdued below the middle line of the parallel channel. By […]
