Market Analysis – December 2 The GBPUSD market has firmly broken below the 1.26200 key level. After this break, the price retraced above the breached zone and is now approaching a significant fair value gap, signaling a potential reaction area. GBPUSD Key Levels Demand Levels: 1.26200, 1.23330, 1.21000Supply Levels: 1.28340, 1.30420, 1.34140 GBPUSD Long-Term Trend: […]
Market Analysis – December 2 Nasdaq 100 is showing signs of sluggishness in its effort to revisit the previous high at 21,205.0. After pulling back into the last visible bullish order block at 20,771.0 on the daily chart, the price has resumed a slow upward movement. Although a sharp upside expansion is still anticipated, the […]
Market Analysis – December 2 NZDUSD has swept major lows at 0.58840, a critical level that holds significant liquidity. This move may have been a deliberate action by market participants to accumulate orders for a potential reversal. Subsequently, a double bottom pattern has emerged at this zone, often viewed as a classic reversal signal, hinting […]
Bears may return in to EURUSD market EURUSD Price Analysis – 02 December Sellers may be able to drive the price down to the $1.04 and $1.03 barrier levels if they can breach the support level at $1.05. Prices may rise over the resistance levels of $1.07 and $1.08 if buyers are able to keep […]
Price activity in the daily market in Algorand has continued to rise. The bullish momentum seems fiercely hot, and as of the time of writing, it has surpassed a nine-month high. Meanwhile, technical indicators are still maintaining a positive stance, suggesting that price action may extend its upside correction, thereby yielding more profits. ALGO’s Statistics: […]
Market Analysis – November 28 USOil has been consolidating within a range defined by the 72.430 resistance zone and the 67.970 support zone since early September. Price movements have consistently oscillated between these levels, forming a well-established range. Currently, the price failed to reach the resistance zone and has instead reversed downward, edging closer to […]
Market Analysis – November 28 Gold experienced a bearish shift in November, breaking below a long-standing upward trendline. After the breakout, the price retraced to test this broken trendline, which now serves as resistance alongside the 2708 resistance zone. Gold Key Levels Demand Levels: 2531.0, 2431.0, 2305.0Supply Levels: 2643.0, 2708.0, 2770.0 Gold Long-Term Trend: Bearish […]
Market Analysis – November 28 The FTSE 100 recently broke below both minor and major support levels at 8200.0 and 8145.0 on the daily chart. However, the bearish momentum lost steam before reaching the next support at 7918.0. Instead, the price has reversed course, climbing back to the previous resistance zone at 8318.0. FTSE 100 […]
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Bulls are capable of applying more pressure SPONGE Price Analysis – 28 November If the resistance level of $0.000196 is broken higher, Sponge levels of $0.000330 and $0.000402 might be attempted. Bear support levels are located at $0.000136. If the resistance level of $0.000196 holds, there may be additional negative action if the bears push […]
