The opening week of 2022 came with some surprises for the forex market but made little dent on the euro/dollar pair. The most notable shocker came after the US Federal Reserve, according to the released Minutes from its December meeting, noted that it plans to taper its bond holdings over the coming months. The US […]
GBPJPY Price Analysis – January 7 GBPJPY is about to test the previous year’s quarterly high. The market profile has been trending. A resistance zone was formed in October of the previous year. It was formed at 158.000. The market price dropped with the formation of lower highs and lows. A short-term consolidation was formed […]
EURJPY Price Analysis – January 7 EURJPY is on track to break upwards of its bullish flag formation. At the beginning of December last year, the price dropped to the lower border of the flag (which also confluences with the 127.630 price level). EURJPY subsequently bounced off this level and is now on an upward […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Price Analysis – January 6 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade is retracing to find support in the market. The overall market trend […]
AUDUSD Price Analysis – January 6 AUDUSD encounters a setback as it strives to regain lost ground. Since dropping to the 0.69980 significant level, the price has immediately rebounded, pushing through the key levels with much effort. However, AUDUSD now encounters a setback at the 0.72660 resistance with depleted strength. Therefore, liquidity has dropped even […]
S&P 500 Price Analysis – January 5 S&P 500 is stalling below the $4,810 significant level as it aims to break more ground. Though the market bears have been subdued for a while, they are found to rear their heads at intervals, such that they impede the price upward movement. Such an instance is what […]
USDCAD Price Analysis – January 5 Bear tension increases as the USDCAD market continues to sell in a downtrend zone. The bull’s progress suddenly elapsed, and this allowed the sellers to push forward market value in a downtrend movement to follow the sellers’ orientation. The seller’s prospect is expected to move downward in the long […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishSince December 20, GBP/USD has begun resumption of an upward move but battles resistance at level 1.3560. The bearish trend is presumed to have ended on December 29. According to the Fibonacci tool, the bearish trend has subsided as buyers […]
USDCHF Price Analysis – January 4 USDCHF bulls pose a bullish engulfment candlestick reversal pattern as they prepare to shake off downward pressure. The market has been trying to hold above the 0.91570 price level since it crashed to that level on November 30th, 2021. The struggle was long-drawn and USDCHF eventually succumbed to pressure […]
