Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD pair has been in a downtrend since May as it targets level 1.3800. The selling pressure has reached bearish exhaustion. The Pound fell to the low of level 1.3160 and rebounded. The pair is rising to the upside. The […]
EURUSD Price Analysis – December 28 EURUSD is indecisive as it remains confined in consolidation above the 1.12020 significant level. EURUSD is being confined from above by the 1.13840 resistance level. The market remains indecisive as to whether to effect a U-turn or plunge further. Sellers and buyers, therefore, can be said to be at […]
EUR/JPY Significant LevelsResistance Levels: 0.7400, 0.7600, and 0.7800Support Levels: 0.7100, 0.6900 and 0.6700 EUR/JPY Price Long-term Trend: BearishEUR/JPY is in a sideways trend as it faces further decline. The previous uptrend was terminated on May 24 as the market reached the high of level 134.00. From the rejection at the recent high, the market declined […]
AUDJPY Analysis – Market Halts Price Action in the Bullish Edifice AUDJPY market halts price action in a bullish edifice following bears involved in the market’s construction. The bullish price activity is assumed to pause due to the price being analyzed to hold a little bearish moment in the action of price movement. The bears […]
NZDUSD Analysis – Kiwi Allows Sellers to Keep up Price Positions in the Market NZDUSD allows sellers to keep up price positions in the market. Due to the reaction of price influx within the market movement, the sellers have successfully been the major inhabitants controlling the price direction. The price level systematically follows a bearish […]
The NZD/USD pair entered a bearish cycle in the early European session on Monday, surrendering the 0.6800 mark as it lost some of the gains accrued last week. The forex pair failed to capitalize on the goodish bounce from last week after meeting fresh supply around the 0.6825 top and got held back by a […]
GBPJPY Price Analysis – December 26 GBPJPY finally makes a u-turn in the upward direction after it bumps off the impervious significant level at 149.240. The initial key level at 152.330 failed to hold up the price for long, and the market finally slumps below it. Bears, knowing the strength of the 149.240 significant level, […]
The growth forecast for Japan has gotten bumped up from the 2.2% GDP growth forecast made in July to 3.2% in 2022, following a record additional stimulus budget approved by the Japanese parliament last week. If achieved, this growth would be the fastest growth since 2010, when the Asian nation’s economy recorded a 3.3% growth […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Price Analysis – December 25 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade avoids a drop below the monthly price level of 112.780 and is […]
