The USD/CAD pair is trading in the red at 1.2450 level at the time of writing. The pressure is high as the Dollar Index has extended its drop. Technically, the price stands below strong resistance levels, so further growth is uncertain. The USD depreciated a little in the short term even if the United States […]
AUDJPY Price Analysis – November 8 AUDJPY suffers rejection for the second time in the space of about 6 months. The market has thus failed to attain a 3 year high at 87.430. When the market was surging up to test the resistance 85.830, it pulled back after climbing above 84.220. After that, the price […]
NZDUSD Price Analysis – November 7 NZDUSD is under intense bearish pressure as it tries to navigate through the upper consolidation zone. Since ascending above the transition zone that separates the lower consolidation zone from the upper, the market hasn’t made much progress. Buyers are still overly engaged with trying to avoid a fall through […]
Silver (XAG) Price Analysis – November 7 The price of spot Silver (XAG) has risen significantly in recent trade having breached the $24.00 handle for now. The precious metal buyers look to conquer further barriers and pave the way for an upward move towards the $24.50 level. A continued decline in global and US yields […]
EURJPY Price Analysis – November 5 The EURJPY fell 0.50 percent during the day, and was trading at 130.97 at the time of writing, and is under pressure due to the central bank’s reluctance to raise interest rates. The pair fell to new 3-week lows at 130.83. Despite the following bounce off that region, the […]
GBPJPY Analysis- Price Is Ready to Break Below 153.100 Significant Level GBPJPY is ready to break below the 153.100 significant level despite the bulls trying to prevent market continuation. Following a break into 156.100 significant levels, the bears’ phase intensified. This is a major price level that permits price movement to build liquidity run before […]
AUDUSD Price Analysis – November 4 AUDUSD has been trending lower and is currently testing under the 0.7400 level. The pair is heading south once more, having failed to sustain its move through the 0.7450 barriers following the US dollar’s broad rally and mixed Australian Trade and Retail Sales data. Risk aversion prevails in the […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – Price Wages for Strength by Consolidating at the 113.400 Significant Level USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade wages for market strength […]
USDCAD Price Analysis – November 3 USDCAD weakens after hitting its all-time high at a significant level of 1.470. USDCAD weakens after the market broke out of the previous all-time high level of 1.300 on October 11th, 2018, and heads for a new all-time high on March 20th, 2020. USDCAD broke out with such force […]
