Market Analysis – January 17 USOil retains bullish momentum amid strong technical indicators. The RSI indicator hovers at 64.10, signaling bullish momentum while remaining below overbought conditions, suggesting potential for further upside. The 9-day SMA is positioned at $76.30, supporting the price’s upward movement as WTIUSD trades above it, indicating strong buying pressure. USOil Key […]
Market Analysis – January 17 The FTSE 100 has finally breached the critical supply zone at 8396.0. This level had previously resisted price advances on four separate occasions. The breakout, driven by the Three White Soldiers candlestick pattern, has established a new all-time high at 8491.0, highlighting the index’s bullish momentum. This development has significant […]
The market landscape for AUDNZD, EURNZD, NZDCHF, EURGBP, and AUDCAD reflects dynamic movements amid fluctuating global economic conditions. These currency pairs are exhibiting varying trends, presenting potential opportunities for traders. While a few markets are making solid gains, buyers have largely been in control for some. Below is the market analysis for today. AUDNZDMajor Bias: […]
Market Analysis – January 17 GBPUSD is currently undergoing a downward trend, continuing to display a series of impulsive and corrective phases. The latest impulsive movement has resulted in a significant 3.79 percent displacement, further aligning with the prevailing bearish trend. GBPUSD Key Levels Demand Zones: 1.20370, 1.18020, 1.11420Supply Zones: 1.25070, 1.28110, 1.34340 GBPUSD Long-Term […]
Market Analysis – January 15 The US 30 index has decisively broken the bullish trendline that supported its rise from the 38523.0 demand level to the 44873.0 supply zone. Following this break, the market has retested the trendline, reinforcing the momentum of the ongoing price reversal. This retest confirms the invalidation of the bullish structure […]
Market Analysis – January 16 The EUR/CHF currency pair has demonstrated a dynamic shift in market behaviour since its major high in late May 2024. The pair then experienced a prolonged bearish trend characterized by a series of lower lows and breaches of key demand zones. This bearish dominance persisted consistently until early November when […]
Market Analysis – January 12 The Nasdaq 100 reached a high of 22,143.0, climbing within an expanding channel. However, a three falling peaks chart pattern has surfaced, indicating potential market weakness and a possible shift in direction. Nasdaq 100 Key Levels Demand Levels: 20,771.0, 20,129.0, 19,079.0Supply Levels: 22,143.0, 23,000.0, 24,000.0 Nasdaq 100 Long-Term Trend: Bearish […]
Market Analysis – January 13 USDJPY has successfully transitioned the major resistance level of 156.050 into strong support, solidifying its bullish momentum. Following this breakout, the pair continues its upward trajectory, buoyed by this critical level. USDJPY Key Levels Demand Levels: 150.000, 146.500, 140.300 Supply Levels: 156.050, 160.260, 163.350 USDJPY Long-term Trend: Bullish USDJPY encountered […]
Market Analysis – January 13 The FTSE 100 has shown increased dynamism as the market range widens on the daily chart. Support at 8022.0 and resistance at 8396.0 have demonstrated remarkable sensitivity, leading to reversals with each test. This behavior creates opportunities for trend-based trading on lower timeframes. FTSE100 Key Levels Resistance Levels: $8372.0, $8474.0Support […]
