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Weekly Analysis for AUDNZD, EURNZD, NZDCHF, EURGBP, and AUDCAD (February 18th – March 21, 2025)

Weekly Analysis For AUDNZD, EURNZD, NZDCHF, EURGBP, And AUDCAD (February 18 – March 21, 2025)

The forex market remains highly active, with various currency pairs presenting distinct trends and opportunities. This week, AUDNZD and EURNZD exhibit strong bearish sentiment as sellers take control. Meanwhile, NZDCHF and AUDCAD display bullish momentum, indicating potential upward movement. EURGBP, however, continues to struggle with bearish pressure despite brief buyer interference. AUDNZD Major Bias: BearishAUDNZD […]

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AUD/USD Extends Winning Streak as Traders Eye Key U.S. Jobs Report

GBPAUD Stays Promising

The GBPAUD market closed in the green on Friday. This seemed to be particularly aided by better-than-expected retail sales. With the S&P Global Manufacturing PMI Flash yet to arrive, price action in the market has already occupied a promising position. As a result, the market may rise further shortly. Key Price Levels: Resistance Levels: 2.0000, […]

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Why Price Action Still Reigns Supreme in Trading

Global Forex Market: US Dollar Weakens Amid Disappointing Economic Data

US Dollar weakness persisted as lackluster economic data and declining Treasury yields pressured the currency. The US Dollar Index (DXY), which tracks the greenback against a basket of major currencies, dropped after initial jobless claims rose to 219,000 from 214,000, indicating labor market strain. Additionally, the 10-year US Treasury yield fell below 4.5%, making the […]

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AUDJPY Sellers Regain Momentum

AUDJPY Sellers Regain Momentum

Market Analysis – February 21 The AUDJPY market has witnessed a bearish resurgence, with sellers regaining strength from the 95.550 key level. After an initial bullish push last week, buyers lost control, allowing sell pressure to take over, driving the pair lower. AUDJPY Key Levels: Support Levels: 94.530, 93.000, 95.000 Resistance Levels: 95.550, 96.860, 96.000 […]

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The EUR/JPY Remains Within Its Range Despite Its Decline 

EUR/JPY Remains Within Its Range Despite Its Decline 

EUR/JPY Significant Levels Resistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: Ranging The EUR/JPY pair remains within its range after hitting the 21-day SMA barrier. The value of the Yen has been rising since it fell to 156.00. The bullish momentum was repelled by the moving average lines, […]

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GBPUSD Exhibits Bullish Strength As It Positions At Critical Resistance Levels

GBPUSD Exhibits Bullish Strength as It Positions at Critical Resistance Levels

Market Analysis – February 17 GBPUSD continues to demonstrate bullish strength as it approaches key resistance levels. Technical indicators suggest the potential for sustained upward movement. The 9-period Simple Moving Average (SMA) is trending upward, providing a supportive framework for price action above $1.24950. Additionally, the MACD histogram remains firmly in positive territory, with the […]

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