The market analysis indicated that the previously robust upward momentum of Gold has experienced a deceleration. Following its rapid ascent from 1804.0 to 1958.0, the market has remained mostly stagnant, failing to move beyond the next resistance level. Gold Significant Levels Support Levels: 1958.0, 1804.0, 1612.9Resistance Levels: 2068.0, 2150.0, 2300.0 Gold Long-Term Trend: bullish However, […]
USDCAD price has launched to the moon from the oversold region of 1.3300. The Parabolic SAR (Stop and Reverse) resting below the candles has indicated an upward trend. USDCAD Key Levels Demand Levels: 1.3520, 1.3300, 1.2980Supply Levels: 1.3690, 1.3880, 1.4000 USDCAD Long-Term Trend: Bullish USDCAD experienced stiff resistance at the 1.3800 supply zone in October. […]
The USD/JPY has rallied higher as the Bank of Japan Governor’s comments struck a dovish tone, which led to the Yen suffering overnight. The currency pair rose from a low of around 133.30 to a European session high of 135.85. All eyes were on BoJ Governor Ueda in his first monetary policy meeting, and investors […]
Market Analysis – August 26 EURCHF has made an abrupt change in direction. The daily candles are observed to paddle in an orderly manner within the descending channel. After a retest of the mid-trendline within the channel to the downward side, the price has surged to take the previous high. Without the test of the […]
Market Analysis – April 28 The GBPJPY trend remained bearish until the price took support from the oversold region of the 159.90 support level to break the descending trendline. A new, expanding channel is currently guiding the price action’s ascent to supply zones. The price is currently hovering around the resistance trendline of the expanding […]
Market Analysis – April 25 FTSE 100 has soared to the bearish order-block resting at the 7887.0 supply zone. The price is at extreme premium levels. The market is well overbought on the daily timeframe, as seen on the Stochastic indicator. A shift in market structure is currently anticipated to foster a bearish reversal in […]
The Euro-US Dollar (EUR/USD) currency pair has seen some interesting moves this week. Traders have been on high alert, with heavyweight data releases from the Euro Area and the US on the horizon. Market sentiment has been swinging back and forth as traders try to digest the latest economic data and central bank commentary. US […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BullishThe Yen has been rising since February 13 as it targets a level of 149.17. On April 24, the Yen surged to a high of 148.00 before dropping. When it made a low at level 146.28, it turned back up. […]
GBPUSD Analysis – Price Leaves The Premium Zone GBPUSD is set to crash as the price leaves the premium zone. According to the Stochastic Oscillator, the market has been extremely bullish. The price is currently heading downward as it retraces into the discount zone. GBPUSD Significant Zones Demand Zones: 1.7090, 1.06860Supply Zones: 1.24470, 1.26670 Following […]
