Tag: resistance level
USD/JPY Price Analysis: Recovery and Consolidation at 154.00
The USD/JPY pair managed to recover from its daily low of 151.94 and ended Thursday's session unchanged at 153.93. This recovery was supported by...
AUDUSD Price Analysis: Breaks Below Key Support at 0.6690 – Action Forex
AUDUSD has been on a downward trend since July 15, with the bears breaking through the key support level of 0.6690. The pair is...
GBPAUD Maintains Strong Support Level – Forex Analysis
GBPAUD has been showing a strong support level above 1.8900, preventing significant downward movements. Despite trading below a downward sloping trendline, the pair has...
EUR/JPY Price Analysis: Holding Steady at 174.50 Amid Overbought Condition
EUR/JPY is currently trading around 174.30, putting a stop to its three-day decline. The daily chart analysis reveals a rising wedge pattern, which suggests...
EURUSD Price Action Analysis: 4-Hour Chart MA Break and Swing Area Test
The EURUSD has experienced a downward rotation due to rising yields, despite weaker ISM data and a ruling in favor of Donald Trump by...
USD/CAD Price Analysis: Consolidation near 1.3700 Level
The USD/CAD pair is currently trading in a narrow range but is holding steady above the key support level of 1.3700 during the European...
NZDUSD Technical Analysis: Price Approaching Key Support Level
The USD lost ground last week due to a soft US CPI report, leading to market expectations of two rate cuts by the end...
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The Shift from ‘Great Resignation’ to ‘Great Stay’ Explained by Labor...
The U.S. job market has seen a significant shift from the 'great resignation' to the 'great stay,' a term coined by labor economists to...
