Abstract:Check Below the key trading levels for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDJPY, USD Index, Gold, and S&P 500.
Check Below the key trading levels for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDJPY, USD Index, Gold, and S&P 500.
As USD further declined after a weaker US PPI and Core PPI data release.
Let's Read the updated analysis below:
• AUDJPY closed below the 94.00 level. A further lower top may form to confirm the next decline.
• AUDUSD advanced and tested 0.6767 the 62% fib retracement level of the monthly range.
• EURJPY rallied and failed at the 145.49 daily resistance level. A further lower top may form to confirm the next decline.
• EURUSD false broke the 1.0368 weekly resistance level and closed just above the 1.0340 monthly resistance level.
• GBPJPY rallied and failed at the 165.71 daily resistance level. A further lower top may form to confirm the next decline.
• GBPUSD advanced and tested the 1.1958 monthly resistance level.
• NZDJPY rallied and tested the 86.00 level. A lower top may form to confirm the next decline.
• NZDUSD advanced and tested the 0.6204 monthly resistance level.
• USDCAD declined and tested the 1.3223 weekly support level.
• USDJPY declined and closed below the 139.38 weekly support level.
• USD Index continued to decline closing above the 106.00 level.
• Gold advanced and tested the 1786 weekly resistance level.
• S&P 500 advanced and tested 4004 the 62% fib retracement level of the monthly range.
But it's always important for traders to note that, the content provided above are meant to act as a guide not a complete representation of how the market or assurance on how the market will be, therefore WikiFx can not be liable for any errors or losses arising as a result of the above information.
The price of currency directly impacts investor returns. Understanding the underlying causes of currency fluctuations can help investors make more informed decisions in the foreign exchange market.
Currencies with higher liquidity typically mean lower transaction costs and greater profit opportunities. This article will explore how liquidity influences profit potential and provide insights on how to capitalize on these opportunities in trading.
In the world of forex trading, choosing the best trading time is often the key to success.
Boiler room scams are one of the most dangerous types of investment fraud. These scams often come with promises that sound too good to be true. They rely on convincing victims to invest large sums of money in worthless or non-existent investments. If you are offered a "too good to be true" deal, it is important to stop and think twice.