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 […]
Market Analysis – May 23 The USDCAD pair has declined after testing the resistance trendline on the daily chart, sinking into a bullish order block at 1.3600. Despite this pullback, the market structure remains bullish, suggesting an anticipation of a potential bullish breakout. USDCAD Key Levels: Demand Levels: 1.3600, 1.3500, 1.3400 Supply Levels: 1.3800, 1.3900, […]
EUR/JPY Significant LevelsResistance Levels: 164.00, 166.00, and 168.00 Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair battles resistance at 169.40 as it hits the overbought zone. Since April 26, purchasers have made three efforts to maintain the positive momentum above the most recent high. Currently, the bulls have pushed the pair to […]
Market Analysis – May 22 The US 30 experienced a price decline that was halted after mitigating the bullish order block at 37,238.0. The price then resumed its ascent, reaching the current year’s high. While the US 30 market remains bullish, a pullback appears imminent due to overbought conditions. US 30 Key Levels Demand Levels: […]
Market Analysis – May 21 GBPUSD is currently on a bullish course which will likely terminate soon as the market enters overbought regions. The price fluctuates around the resistance level of 1.2710. A failure to enforce a breakout would lead to heavy shorting at the zone. GBPUSD Market Analysis Demand Levels: 1.2300, 1.2200, 1.1830 Supply […]
