During last week, the EUR/JPY market behaved as expected, rising towards the 146.00 price mark. However, no sooner than it tested the 145.17 level, traders started going shot on the pair. Subsequently, this caused the pair's price action to turn bearish. Nevertheless, price action appears to have …
Dash 2 Trade (D2T) Bulls Take Refuge at the $0.035 Price Level
On reaching the $0.534 resistance price level, the Dash 2 Trade bear market was triggered. Within a very short time, the massive selling in the market forced the market below the $0.04 price level. However, at this point, the bear market created an opportunity for some traders to go long as they …
AUDUSD Acts Under Tension as the New Week Unfolds
AUDUSD acts under tension as the new week unfolds. It is a widely held expectation that the Reserve Bank of Australia (RBA) will announce a 25 basis point rate hike on Tuesday, March 7th. This would bring the Official Cash Rate (OCR) to 3.60%, the highest level in a decade. Economists and …
