Market Analysis – December 23 The Nasdaq 100 has maintained a bullish trajectory since testing the demand level at 17637.0 in August, when the market was oversold. This upward movement has been characterized by higher highs and lows. However, a recent 6.43% decline occurred after the price tested the resistance boundary of a bullish channel […]
Market Analysis – December 21 USOIL has undergone a notable shift in market structure after forming a major high at the 87.60 price level. A bearish trend emerged as the price consistently created lower lows, culminating in a daily bearish break of structure. This critical shift has solidified a long-term bearish outlook, reshaping sentiment and […]
Market Analysis – December 21 Gold has maintained a strong bullish trajectory since forming a significant low in early October 2023. This uptrend has driven prices through multiple resistance levels. Notably, the price surged past the critical demand level at $2,228.10, showcasing robust bullish momentum. Gold Key Levels Demand Zones: 2228.10, 2071.70, 1806.10Supply Zones: 2464.20, […]
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 currency pair is correcting upward within its defined range. Since August 5, the Yen has remained between levels 156.00 and 166.00. Today, the Yen broke above the moving average lines and achieved a high […]
Market Analysis – December 18 USDJPY signals strong bullish momentum ahead. The market demonstrates bullish momentum, supported by technical indicators. The 9-period Simple Moving Average (SMA) acts as dynamic support, with the current price trading above it, indicating an uptrend. The Relative Strength Index (RSI) at 66.68 suggests strong buying pressure. USDJPY Key Levels Demand […]
Market Analysis – December 18 The FTSE 100 index hit a significant low in early October 2023, setting the foundation for a strong bullish trend. Following this recovery, the index climbed to a pivotal high at 7928.10, which became a critical reference point. However, this upward momentum was soon followed by an extended consolidation phase […]
Market Analysis – December 17 EURCHF signals a bullish breakout above the key resistance zone. The 9-period Simple Moving Average (SMA) at $0.93230 is trending upwards and acting as a dynamic support, confirming the strength of the recent upward momentum. Additionally, the Relative Strength Index (RSI) is at 65.80, indicating that the pair is approaching […]
Market Analysis – December 16 AUDJPY signals strong bearish momentum toward key support levels. The AUDJPY pair currently trades below the 9-day SMA at $97.030, indicating a bearish sentiment. The stochastic RSI shows a modest recovery but remains weak, with values at 63.77 and 46.56, suggesting the pair could face selling pressure soon. AUDJPY Key […]
Sellers are prevailing in Silver’s market SILVER Price Analysis – 19 December If the price is greater than $29 and a lot of people are purchasing it, it will attempt to move up into the $30–$31 zone. The price of silver may drop and test the $27 and $26 support levels if sellers are able […]
