Market Analysis – July 4 The FTSE 100 index has exhibited a notable chart pattern that may intrigue investors and analysts following the market’s behavior. After a series of attempts to propel upwards, the index has repeatedly retraced back to a significant demand level, outlining what appears to be a reverse head and shoulders pattern, […]
Market Analysis – July 2 GBPUSD price action formed a triple top pattern. The Stochastic indicator had signaled an oversold market well before the appearance of this triple top, establishing a bearish market direction in June. Since the onset of this downtrend, the price has declined by nearly 2%. GBPUSD Key Levels: Demand Levels: 1.2620, […]
Market Analysis – July 2 Nasdaq 100 achieved a new all-time high in June, reaching the significant psychological price level of 20,000.0. This milestone was accompanied by indications of bullish exhaustion from the Relative Strength Index (RSI), which prompted the market to enter a correction phase. Nasdaq 100 Key Levels: Demand Levels: 19,000.0, 18,248.0, 16,955.0Supply […]
Market Analysis – July 2 NZDUSD bulls aggressively defended the demand zone of 0.6080 since early May. This intense contention among market participants caused the formation of a range between 0.6180 and 0.6080. However, the bears have seized control with a break below the support level of 0.6080. NZDUSD Key Levels: Demand Levels: 0.6180, 0.6290, […]
Market Analysis – July 1 The USOil market direction turned bearish following the formation of a head and shoulders reversal pattern in April. After a significant price decline of approximately 15%, buyers have regained control, supported by the critical demand level at 72.40. USOil Key Levels Demand Levels: 76.90, 72.40, 69.10Supply Levels: 87.50, 94.50, 95.00 […]
Market Analysis – July 1 Gold has been unable to break above the resistance zone of 2418.0. The formation of a new swing high at this level in May indicates that bullish momentum has waned. Currently, gold is trapped between 2420.0 and 2285.0. Gold Key Levels Demand Levels: 2285.0, 2149.0, 1984.0Supply Levels: 2418.0, 2500.0, 2600.0 […]
Market Analysis – July 1 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade has broken through the psychological price barrier of 160.0. In May, USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade buyers […]
Market Analysis – June 28 The FTSE 100 reached a peak of 8484.0 before buyer exhaustion led to a pullback to the bullish order block on the daily chart. Following this pullback, the price has spent a prolonged period in consolidation, forming a range. FTSE 100 Key Levels Demand Levels: 8220.0, 7931.0Supply Levels: 8484.0, 8500.0 […]
EUR/JPY Significant LevelsResistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair has extended its positive trend as it targets level 175.27. On the upside, the presence of Doji candlesticks has resulted in modest price movement. The price indication suggested that the currency pair would rise further. On […]
