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 is now trading in a narrow range between levels 160.00 and 164.00 as it returns to level 156.00. The upward moves have thrice been repelled by the resistance at level 164.00. On January […]
Market Analysis – January 31 AUDJPY bulls hold ground, targeting the 96.860 key level. AUDJPY remains on a positive trajectory, with buyers recovering from the 95.550 significant level. Despite strong attempts to break above 100.000, bullish momentum has been met with resistance. However, a renewed push is now targeting 96.860, signaling buyers’ intent to regain […]
The EURAUD price may surge to break up the mentioned supply value.The currency pair still trades in a bullish market zone and may continue its bullish correction. EURAUD Weekly Price Analysis – February 2 At the moment, the EURAUD remains positive. If the bulls can add more aggression to their buying actions in the market, […]
Market Analysis – January 30 XAUUSD is nearing key resistance levels while maintaining a bearish momentum. The Moving Average Convergence Divergence (MACD) indicator signals weakening bullish strength as the MACD line approaches a bearish crossover with the signal line. Additionally, the price remains slightly above the 9-day Simple Moving Average (SMA) at $2,750, indicating short-term […]
Market Analysis – January 31 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade has exhibited a dynamic interplay between bullish and bearish trends, oscillating between the 162.370 supply level and the 142.050 demand level over a significant period. This article provides a detailed analysis […]
Market Analysis – January 30 EURCHF experienced a notable shift in trend following the formation of a significant high at the 0.99210 level in late May 2023. Initially, the bullish momentum dominated; however, a pronounced bearish reversal ensued, leading to a sustained decline. Throughout this bearish phase, price action exhibited strong downward movement with minimal […]
The EURNZD price is ascending to the $1.90 upper supply levels.Buy traders might continue to take the leading in the market. EURNZD Weekly Price Analysis – January 31 The EURNZD pair is facing an increase in buying pressure and ascending to the upper resistance level, as the broader market remains volatile with bullish trends dominating. […]
Buyers in the GBP/AUD market have achieved a winning streak spanning six consecutive sessions on the daily chart. This rally appears to be fueled by speculation that the Reserve Bank of Australia (RBA) is considering a 25bps rate cut, signaling a more dovish stance. Meanwhile, the Bank of England (BoE) remains cautious about rate cuts […]
FTSE 100 Analysis – January 29 FTSE 100 bullish momentum awaits key retracement completion as the price faces downward pressure. The FTSE 100 index is currently trading above its 9-day Simple Moving Average (SMA) at $8,530, indicating an overall bullish trend. The Moving Average Convergence Divergence (MACD) histogram remains in positive territory, with the MACD […]
