Market Analysis – March 31st US Oil broke the supporting trendline on the 13th of March. The Bearish displacement delivered from 81.130 to 66.00. The market is currently experiencing a retracement after the impulsive move. US Oil Key Levels: Demand Levels: 73.20, 66.00, 62.00Supply Levels: 81.10, 89.00, 92.80 Oil Long-Term Trend: Bearish The tussle over […]
Market Analysis – March 30 USDJPY market direction changed to bullish in February. The market’s ascent was paused by a bearish order block at 138.0. The market has retraced back to a bearish order block at 130.0. USDJPY Key Levels Demand Levels: 130.0, 127.0, 121.0 Supply Levels: 138.0, 142.0, 150.0 USDJPY Long-term Trend: Bullish USDJPY […]
The euro gained ground against the U.S. dollar on Thursday, breaking above the key 1.09 level and challenging this month’s high. The rally was driven by a combination of factors, including upbeat risk sentiment, a weaker greenback, and stronger-than-expected inflation data from Germany. The main catalyst for the euro’s rise was the release of the […]
Market Analysis – March 30 Gold (XAUUSD) is currently experiencing buy-side delivery in the market. Gold experienced sell-side delivery from March to October of the previous year. Gold’s value fell from a 2051.0 supply level to a 1677.0 demand level. Gold Key Levels: Demand Levels: 1811.0, 1967.0, 1627.0Supply Levels: 2051.0, 2120.0, 2160.0 XAUUSD Long-Term Trend: […]
Market Analysis – March 29 FTSE 100 has tested the 7288.0 demand level in the daily chart. A pennant chart pattern is preparing the market for a breakout. FSTE 100 Key Levels Demand Level: 7288.0, 7120.0, 6782.0Supply Level: 7576.0, 7712.0, 8015.0 FTSE 100 Long-Term Trend: Bearish On the 22nd of September, last year, the sellers […]
Market Analysis – March 28 US 30 sellers regained control of the market after a bearish breakout from the symmetrical triangle on the daily chart in February. The market is currently experiencing a pullback in the downward trend. US 30 Key Levels: Resistance Levels: 32751.0, 34209.0, 35551.0Support Levels: 31718.0, 30171.0, 28675.0 US 30 Long-Term Trend: […]
Market Analysis – March 26 Nasdaq 100 trend turned bullish at the beginning of this year. The resistance level of 12864.0 paused the ascent of the market. After a retracement to gain bullish momentum at the 11880.0 support level, the buyers have launched an attack on the 12864.0 resistance level. Nasdaq Key Levels Demand Levels: […]
Market Analysis – March 29 USDCAD saw a surge in price as it experienced a bullish breakout on the daily chart. Currently, the market is retracing towards a bullish confluence region situated below 1.3520. This region is significant as it is where the support and resistance trendlines cross and this could potentially lead to a […]
Market Analysis – March 28 On the daily timeframe, EURCHF remains bearish. Lower lows have continued to form after the swing high formed in January. EURCHF Key Levels Demand Levels: 0.9850, 0.9800, 0.9710 Supply Levels: 1.0000, 1.0050, 1.0010 EURCHF Long-term Trend: Bearish The EURCHF market formed a range all through December. The sideways distribution of […]
