Market Analysis – July 16 The NZDUSD pair has experienced a significant decline, failing to rise beyond the resistance level of 0.6220. The market structure now displays a bearish wedge, with the price reaching the demand level of 0.6050 on the daily chart. NZDUSD Key Levels Demand Levels: 0.6050, 0.5990, 0.5770 Supply Levels: 0.6220, 0.6290, […]
Market Analysis – July 16 GBPUSD bulls have successfully enforced a breakout from a symmetrical triangle on the daily chart. The bullish momentum was remarkable, highlighted by the appearance of the three white soldiers pattern just before and immediately after hitting the resistance trendline of the symmetrical triangle. GBPUSD Key Levels Demand Levels: 1.2860, 1.2390, […]
Market Analysis – July 14 The Nasdaq 100 price has retraced to the support level of 20,176.0. This pullback has effectively covered the region of the fair value gap, revealing underlying market inefficiencies. The gap was created above the down-close candle on July 5th. Such a retracement not only indicates a corrective phase but may […]
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Bulls are dominating EURUSD market EURUSD Price Analysis –15 July If buyers are able to overcome the $1.09 resistance level, they may advance to the $1.10 and $1.11 barrier levels. If sellers are successful in holding the price below the $1.08 barrier, prices may go below the $1.07 and $1.06 support levels. EUR/USD Market Key […]
Market Analysis – July 15 US Oil price action has shown sensitivity to the bearish trendline, evidenced by a repel witnessed after testing a bearish and prominent trendline. The strong bearish trend is threatened as the trendline plays a resistance role to the ascent of the US Oil price. US Oil Key Levels Demand Levels: […]
TRON (TRX) is set for a bullish trend. Justin Sun, the founder of TRON (TRX), has unveiled an ambitious roadmap for late 2024, setting the stage for a bullish trend. Following strong Q2 results, Justin Sun aims to enhance TRON’s user experience. He also aims to expand the market share while also attracting top talent. […]
Market Analysis – July 12 US 30, the Dow Jones Industrial Average, is manifesting a technically robust pattern on the daily chart indicative of bullish sentiment. The index has formed what appears to be an ascending triangle—a pattern marked by a series of equal highs, which constitute a resistance line, and a succession of higher […]
Silver market is increasing towards $32 level SILVER Price Analysis –11 July If there is a significant amount of buying activity and the price is more than $32, it will try to reach the $33–$34 range. Silver’s price may drop and test the $28 and $27 support levels if sellers are able to hold the […]
