Market Analysis – December 9 GBPUSD remains entrenched in a bearish trend on the higher timeframe, despite a bullish retracement creating temporary upward momentum on lower timeframes. With the price currently in overbought territory, the bearish trend is expected to resume soon. GBPUSD Key Levels Demand Levels: 1.2500, 1.2400, 1.2300 Supply Levels: 1.2800, 1.31000, 1.3300 […]
Market Analysis – December 9 The Nasdaq 100 continues its remarkable bullish run, supported by a well-established trendline. Recently, it has surged past its previous swing high and all-time high of 21,205.0, signaling renewed bullish momentum. Nasdaq 100 Key Levels Demand Levels: 20,771.0, 19,630.0, 19,079.0Supply Levels: 22,000.0, 22,500.0, 23,000.0 Nasdaq 100 Long-Term Trend: Bullish In […]
Cardano commences a bearish trend ADA Price Analysis – 10 December Cardano may attempt testing the support levels at $0.83 and $0.76 if they can keep the price below the $0.94 barrier. If the $1.05 barrier is breached, the $1.14 and $0.17 resistance levels will be taken into account. Key Levels: Resistance levels: $1.05, $1.14, […]
The Pound Sterling (GBP) climbed near 1.2770 against the US Dollar (USD) during Monday’s North American trading session. This upward movement in the GBP/USD pair is fueled by escalating expectations that the Federal Reserve (Fed) will implement a rate cut in its upcoming monetary policy meeting on December 18. Fed Rate Cut Bets Gain Momentum […]
Market Analysis – December 9 NZDUSD has encountered temporary support at the 0.58530 level, where price action has shown signs of consolidation. Following a retest of this zone, a double top pattern has emerged, signalling the possibility of renewed bearish momentum. This pattern, suggests that sellers may regain control, pushing the price further downwards if […]
EUR/JPY Significant Levels Resistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: Bearish The EUR/JPY currency pair has been falling below the moving average lines but risks decline below level 156.00. Buyers tried to keep the price above the moving average lines but were unsuccessful. The Yen has remained […]
As Bitcoin revisits the $100,000 price level once more, the crypto market has witnessed another surge of excitement. This seems to have propelled some altcoins, such as Ethereum, Brett, and Super Trump Coin, into the limelight this week. Also, the EGO token and Bitcoin have seen some notable movement, as they climb to the first […]
Market Analysis – December 5 USOil remains confined between the resistance zone at 7182.0 and the demand level at 6767.0 on the daily timeframe. The development of lower highs and higher lows has formed a symmetrical triangle, reflecting market indecision and a lack of definitive direction. USOil Key Levels Demand Levels: 6767.0, 6512.0, 6237.0 Supply […]
Market Analysis – December 5 Gold is experiencing a balance of buying and selling pressures, leading to stagnation in price movement. This equilibrium between demand and supply has restricted significant market activity in recent sessions. Gold Key Levels Demand Levels: 2531.0, 2431.0, 2305.0 Supply Levels: 2708.0, 2770.9, 3000.0 Gold Long-Term Trend: Bearish In November, gold […]
