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Market Analysis – December 7th Gold (XAUUSD) buyers remain confident as they seek breakthroughs. The buyers have shown a strong and confident stance in the market. This was evident in October when sellers lost their motivation to push prices lower. The buyers demonstrated their strength by breaking through the significant zone at 1858.520, and they […]
In a surprising turn of events, the Japanese yen has experienced a remarkable surge, hitting its highest level against the US dollar in months. The Bank of Japan (BOJ) has hinted at a potential shift away from its long-standing negative interest rate policy, triggering a wave of investor interest in the yen. On Thursday, the […]
USDJPY Analysis – December 7 USDJPY crashes lower as the price heads into the discount zone. The current state of the market indicates a corrective stage, descending as it nullifies feeble troughs. In accordance with the MA Cross, the bears have effectively seized control over the market. Nevertheless, given the persistently positive overall order flow, […]
EURCHF Analysis – December 7 EURCHF sets for a bullish retracement as the market becomes oversold. The market’s order flow exhibited a bearish sentiment well in advance of the recent rebound from the descending trendline. The substantial drop from the bearish order block within the supply zone at 0.96900 indicates a prolonged dominance of bearish […]
AUDJPY Analysis – December 7 AUDJPY faces downward as the price hits the upper boundary of the Bollinger Bands in the supply zone. The breakout from the consolidation between 95.000 and 94.000 set the price to the upside along a diagonal support. The recent breakout of the diagonal support is likely to enhance a rapid […]
Market Analysis – December 6th FTSE100 buyers await breakthroughs. In the current market episode, the buyers are yet to open the floor for another bullish expedition. The buying sentiment has been overshadowed at the moment. Right now, the bulls need to reassert their strength for a serious breakthrough. FTSE100 Key Levels Resistance Levels: 7935.300, 7742.700Support […]
In a Reuters poll of currency experts, the Indian rupee is expected to maintain a narrow trading range against the US dollar in the upcoming year. Despite the dollar’s recent weakness and India’s robust economic growth, the rupee has lingered near its record low of 83.47 per dollar, reached on November 10. The Reserve Bank […]
NZDUSD Analysis – December 3 NZDUSD remains bullish as buyers keep storming the market with more buy orders. The bounce of the major trendline in early November caused the bears to exit the market. Following the CHoCH, the market has remained in an upward trend, with prices heading to the $0.64100 major high. NZDUSD Key […]
Market Analysis – Dec 5th US30 buyers strategize to regain ground. After weeks of pressing forward, the buying strength in the US30 market has finally subsided. However, the bulls have maintained a steady composure, and there is potential for further upward movement. US30 Market Zones Resistance Zones: 36288.700, 35645.570Support Zones: 34920.700, 32291.670 US30 Long-Term Trend: […]
