Market Analysis – December 24 NZDUSD has plunged to its lowest level in two years, marking a significant milestone in the ongoing bearish trend. The pair’s price action exhibited a dramatic move, drilling down to the 0.56100 level. This sharp decline was characterized by a notable price displacement, with over 2% of its value lost […]
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, […]
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 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 […]
USD/CAD begins Thursday’s Asian session with further declines, trading near 1.4150. This marks the pair’s second consecutive day of losses as it continues to retreat from Wednesday’s high of 1.4194, the loftiest level since April 2020. The Canadian Dollar’s (CAD) strength follows the Bank of Canada’s (BoC) dovish guidance regarding future monetary policy adjustments. BoC’s […]
The Australian Dollar (AUD) experienced a drop ahead of the weekend as investors reacted to a less-than-expected stimulus package from China. Market participants had eagerly awaited the National People’s Congress (NPC) for a potential boost to the Chinese economy, which would have had a positive ripple effect on assets closely tied to China, such as […]
Yen has dropped to its weakest level in nearly three months against the US dollar, sparking fresh concerns that Japanese officials may intervene if the currency continues to slide. On Wednesday, the Yen tumbled by as much as 1.4%, hitting 153.19 per dollar, the lowest since July 31. This significant decline pushed the currency pair […]
Market Analysis – June 17 GBPUSD currency pair is showing signs of a potential bearish reversal after encountering significant resistance on the daily timeframe. The formation of a double top pattern at this resistance level suggests a possible shift in market momentum. Key Technical Levels for GBP/USD:Demand Zones: 1.2890, 1.3140, 1.3200Supply Zones: 1.2680, 1.2450, 1.2300Long-Term […]
