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NZDUSD Lurks in Redistribution Phase

NZDUSD Lurks in Redistribution Phase
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EURCHF Long-Term Bullish Trend Faces Resistance at 0.9840 Resistance

Market Analysis – May 9 EURCHF remains ensnared below the crucial resistance level of 0.9840, despite recent bullish endeavors. Following an aggressive price crash after an unsuccessful attempt to breach the aforementioned resistance level in April, EURCHF finds itself once more at this critical juncture. However, the price has retraced to a bullish order block […]

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AUDJPY Finds Support at 100.0 to Retain Bullish Stance

Market Analysis – May 8 AUDJPY witnessed a sudden price decline subsequent to reaching the resistance level of 105.00. The presence of a wick on the candle’s body, extending into the supply zone, signified sensitivity and rejection. Subsequently, the market experienced a dip to 100.0, where the price found support, thereby reaffirming its bullish stance. […]

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The EUR/JPY Strengthens as It Recovers above Level 165.57

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 above the moving average lines as it recovers above level 165.57. During the last price activity, the Yen was in an uptrend and soared to a level of 171.58. The currency pair fell […]

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NZDUSD Ascends into Overbought Region

Market Analysis – May 7 The NZDUSD market has undergone a notable shift, with an ascent into overbought region. This movement follows a bearish trajectory from the swing high of 0.6080 to the demand level of 0.5860. The recent price dynamics suggest a countertrend motion, indicating a potential resumption of the downward trend, especially as […]

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US Oil Market Witnesses Successful Bearish Breakout

Market Analysis – May 3 USOil offered buy-side delivery of the price in the marketplace since the inception of the year. However, the month of May has changed the tide of the bullish institutional order flow. The parallel channel guiding the upward trend has been invalidated by a bearish breakout. US Oil Key Levels Demand […]

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Gold Swoops Below Moving Average Support

Market Analysis – May 2nd The Gold market has taken a decisive turn, marking a significant departure from the protracted tug-of-war between bullish and bearish forces that characterized the trading landscape from November through February. This period was marked by a pattern of fleeting rallies promptly neutralized by retracements, leading to a protracted phase of […]

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US30 Opts for the Dip

Market Analysis – May 1st US30 price dipped into the demand level of 37238.0 after reversing with a double top pattern at 39900. A new double to bearish reversal pattern has appeared threatening another price crash. Market Key Levels Demand Levels: 39900.0, 39017.0, 38560.0Supply Levels: 38238.0, 35976.0, 34890.0 US30 Long-Term Trend: Bearish US30 price slumped […]

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FTSE100 Achieves Bullish Breakout Success

Market Analysis – April 30 The FTSE100 index has demonstrated noteworthy upward momentum throughout the year, marked by a consistent surge in value since January. Initial market dynamics were characterized by seller dominance, evident in the Bear power indicator exhibiting a red hue below the zero mark during early January, concomitant with a decline in […]

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