The US dollar (USD) continued its decline on Thursday following the release of the Federal Reserve’s November meeting minutes, bolstering the idea that the bank would shift gears and hike rates gradually starting at its December meeting. A 50 basis point rate increase is expected to occur next month after four consecutive 75 basis point […]
USDCAD Analysis – September 7 USDCAD buyers are poised to exit the market towards the supply zone at 1.3220. The two major levels, 1.2520 and 1.2900, had been rejecting the price to the upside and downside, respectively, until the price finally broke through the previous resistance at 1.2900 to the upside. Initially, an impression of […]
USDCAD Analysis – August 31 USDCAD bears finally led the market towards a resistance level of 1.3080. The year 2022 has been clumsy, with a barely noticeable upward movement. The 1.2460 support level has been a strong level since the beginning of the year. The market resumes its trend to the upside in the first […]
Key Highlights Solana revisits its previous low at $30SOL/USD resumes downtrend Solana ( SOL) Current StatisticsThe current price:$31.64Market Capitalization: $16,186,270,863Trading Volume: $808,021,277Major supply zones: $50, $70, $90Major demand zones: $40, $20, $10 Solana (Sol) Price Analysis August 31, 2022 Solana’s (SOL) price is in a downtrend as it retests its previous low at $30. The […]
USDCAD Analysis – August 24 USDCAD bears finally drove the market into the demand zone at 0.9950. Since May 2021, the bears have been in charge of the market. The market has been forming lower highs and lower lows since May 25th, 2021. With the Parabolic SAR indicating both the impulsive and corrective waves, USDCAD […]
The US dollar (USD) continued on a bullish trajectory on Thursday after excerpts from July’s meeting minutes showed that the US Federal Reserve plans to uphold its aggressive rate hike campaign longer to further lower inflation. The US Dollar Index (DXY) tapped a new multi-week high of 107.06. US Dollar Dominates Market Thursday The booming […]
USDCAD Analysis – August 17 USDCAD market continues to respect the upward trendline as it moves downward to hit the trendline. On the daily timeframe, the current market order flow, which began on May 18, 2021, remains bullish. Before the upward movement, the market retested and broke the previous support level of 1.2950 on the […]
USDJPY Analysis – August 11 USDJPY market bears approach the last wave as the price crashes down towards a major demand zone. This market wave began its first impulse on the 9th of March, 2022. Currently, the market appears to be following the Elliot waves theory, with prices moving in fractals. USDJPY Significant Zones Supply […]
USDCAD Analysis – August 10 USDCAD market shows signs of the trend change after hitting the supply zone at 1.3230 on the 14th of July, 2022. The overall market order flow has been bullish since June 1, 2021. The bullish market trend was a result of the market rejection at the demand zone of 1.2000. […]
