Market Analysis – March 29 The NZDUSD pair has undergone a corrective phase within its overarching bearish trend, characterized by a persistent formation of lower lows since the market’s pivot at 0.6070. Throughout the year thus far, the William Alligator indicator has consistently acted as a barrier to price advancement, compelling downward pressure on demand […]
EUR/JPY Significant LevelsResistance Levels: 164.00, 166.00, and 168.00 Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair has risen to its previous high with a target of 170.71. The current rally has reached a high of level 169.30. The Yen is expected to rise above its current level, based on pricing indicators. Meanwhile, […]
Market Analysis – April 29 In the ongoing AUDJPY market dynamics, bullish sentiment remains resolute, with the Australian Dollar asserting its dominance over the Japanese Yen. Institutional order flow underscores a period characterized by notable volatility and a prevailing bullish trajectory. This trading week has witnessed a significant bullish breakout from a parallel channel, further […]
Market Analysis – April 29 The USDJPY currency pair has recently undergone a notable bullish breakout from a rising wedge pattern observed on the daily chart. Presently, it is displaying significant momentum as it advances towards challenging the key resistance level situated at 160.40. Key Levels for USDJPY Demand Levels: 151.90, 146.50, 151.90 Supply Levels: […]
Market Analysis – April 27 USOil bearish trend halted at the demand level of 72.10. The market experienced a shift in market structure after finding support on the lower Bollinger band. Before the bullish reversal, the Williams Percent Range signaled an ascent in the price in December when it swerved into the oversold region. USOil […]
Market Analysis – April 26th Gold (XAUUSD) market has recently emerged from a prolonged period of subdued activity, marking a notable shift in its dynamics. From November to February, the market experienced a decline in volatility, characterized by sideways movement and diminutive candle sizes on the daily chart. During this phase, volume bars exhibited consistent […]
Market Analysis – April 26 EURCHF exhibits a notable resurgence, marked by a significant hammer candle formation. Despite earlier indications from the William % Range Indicator of a potential downturn, the currency pair demonstrates remarkable resilience, defying crash expectations. Notably, despite entering oversold territory in early February, this had minimal impact on its upward trajectory. […]
Market Analysis – April 24 FTSE100 price action on the daily chart since November is discernable with a parrel channel. The price fluctuation has shown a high level of sensitivity at the borders and center of the parallel channel. Though the FTSE ascent doesn’t feature neat significant highs, the swing lows are well assembled on […]
Market Analysis – April 24 NZDUSD has remained entrenched in a downward trajectory since establishing a significant peak in early January 2023. Its focal point is now fixed on the critical demand level at 0.57600. This unwavering descent continues unabated, demonstrating resilience as it steadfastly targets the 0.57600 demand level. Key Levels for NZDUSD Demand […]
