Market Analysis – April 13th USOil bulls exhibit uncertainty in strength. The bulls in the market are currently exhibiting uncertainty as the oil price faces a slump and sellers cut back to the 85.000 significant level. This uncertainty indicates a potential shift in market dynamics and a battle between buyers and sellers. Traders should closely […]
Market Analysis – April 12th Gold (XAUUSD) buyers plan to continue their hot pursuit. Buyers have been dominating the gold market, driving the price higher and closer to the significant level of 2400.000. Their strong presence and determination indicate a positive market sentiment and confidence in gold as an investment. Gold (XAUUSD) Significant Levels Resistance […]
Market Analysis – April 11th FTSE100 buyers aim for 8000.000 key zones. Over the past week, buyers in the FTSE100 index have been gaining momentum steadily. Their primary objective is to breach the significant level of 8000.000 and continue trading beyond it. The bulls have been charging ahead with determination for quite some time now. […]
EUR/JPY Significant LevelsResistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: BearishThe EUR/JPY pair has slipped below the moving average lines as it begins a sideways move. The present rally came to an end after twice challenging the resistance at 165.00. On the downside, selling pressure may persist if […]
Market Analysis – April 12 The USDJPY currency pair has recently surpassed the critical resistance level of 152.0, marking a significant development in its price trajectory. Despite encountering persistent resistance at this level, characterized by diminished volatility and price stagnation, recent market activity has shown a noteworthy shift. A symmetrical triangle pattern has prominently formed […]
Market Analysis – April 11 The AUDJPY market maintains its bullish momentum, exhibiting a notable breakthrough of resistance levels. This bullish surge successfully confirms the pattern of an ascending triangle on the daily chart, demonstrating strong conviction for the continuation of the uptrend. Key Levels for AUDJPY: Demand Levels: 98.30, 96.90, 95.50 Supply Levels: 100.80, […]
Market Analysis – April 11 EURCHF has demonstrated notable resilience as it encounters a significant resistance zone at 0.9840. This marks a pivotal juncture in its recent bullish trajectory. The pair embarked on an upward trajectory following a decisive bullish reversal earlier in the year. The reversal played out with a double-bottom pattern heralding a […]
Market Analysis – April 11 NZDUSD declines as It Targets Lower Liquidity Levels. Since mid-January 2024, there has been a shift in market structure leading to a bearish trend with consecutive lower lows. Following the recent break of the bearish structure, prices are declining to clear sell-side liquidity below the market. NZDUSD Key Levels Demand […]
Market Analysis – April 8th Nasdaq (NAS100) bulls still remain silent as price consolidates. In recent days, the index market has experienced a lack of significant movement, resulting in a consolidation phase. Both buyers and sellers seem to be trapped in a range-bound market, unable to break free. This consolidation has persisted for quite some […]
