Market Analysis – May 29 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade is currently experiencing low volatility and consolidation within a bullish wedge. USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade’s ability […]
Market Analysis – May 29 AUDJPY has pulled back to the mitigation block at 101.00, regaining support for renewed bullish momentum. Following this pullback, the price is now on the verge of surpassing the current year’s high of 105.00, indicating a potential continuation of the upward trend. AUDJPY Key Levels Demand Levels: 97.80, 95.60 Supply […]
Market Analysis – May 28 NZDUSD is currently experiencing its second significant market trend of 2024. The year began with a bearish reversal, but a new bullish wave is now in progress. The price has reached another key resistance level at 0.6180. NZDUSD Key Levels: Demand Levels: 0.6080, 0.6000, 0.5860 Supply Levels: 0.6180, 0.6290, 0.6360 […]
Market Analysis – May 28 EURCHF has successfully enforced a bullish breakout above the supply zone of 0.9840 after several failed attempts. However, the pair has shown sluggishness in its ascent towards the significant resistance level of 1.0000 over the past week. Key Levels for EURCHF: Demand Levels: 0.9700, 0.9560 Supply Levels: 1.0000, 1.0080 EURCHF […]
Market Analysis – May 24 Gold has exhibited exceptional performance over the past two months. From December to February, the price of gold remained relatively stable. However, March saw a breakout from this prolonged consolidation, injecting volatility into the market. The price surged to $2431.0, marking the highest point of the year so far. Gold […]
FTSE 100 Market Analysis – May 23, 2024 The FTSE 100 experienced a successful breakout in early May, followed by a retest that propelled the price to 8400.0. However, the current small-sized candlestick formation is indicating a significant decline in bullish momentum. The market appears poised for a retracement to seek support. FTSE 100 Key […]
Bulls are defending $0.65 support level Polygon (MATICUSD) Price Analysis – 27 May After overcoming the $0.72 barrier, Polygon might be able to reach the $0.86 and $0.91 difficulty levels. If sellers gain some traction, the market can break through the $0.65 support level and expose itself to the $0.59 and $0.55 levels Key Levels: […]
USOil (WTI) Market Analysis – May 31 USOil price experienced a notable bearish breakout, breaching the bullish trendline that had provided support for long orders at the beginning of May. Since this breakout, prices have oscillated within a narrow range, forming a consolidation pattern on the daily chart. USOil (WTI) Key Levels Demand Levels: 76.00, […]
Market Analysis – May 24 In April, USOil (WTI) experienced a pronounced bearish shift in its market structure. After climbing to the supply zone at $87.50, the price pulled back to a critical bullish confluence region for support. However, the support from the demand level and the ascending trendline was insufficient, leading to a significant […]
