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 […]
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Buyers may Prevail over Sellers in AUDUSD market AUDUSD Price Analysis – 22 May Buyers may be able to drive the price up to roughly $0.67 or possibly $0.68 if they are persistent enough to break through the $0.66 barrier. AUDUSD may drop to the $0.64 and $0.62 support levels if sellers are successful in […]
Market Analysis – May 22 EURCHF has successfully breached the tightly defended supply zone at 0.9840. The market has shown a steady ascent from the demand level of 0.9550, overcoming the resistance zone. A pullback appears imminent, as indicated by the Stochastic oscillator, which reveals that the price is overbought. EURCHF Key Levels Demand Levels: […]
Market Analysis – May 21 The AUDJPY currency pair has recently exhibited significant bullish momentum. After a period of price correction, it found support at a discounted level, specifically retracing to the 61.8% Fibonacci level. This level is often considered optimal for identifying potential reversals and support zones. In this case, it has effectively propelled […]
The Livepeer market has been able to maintain an upward path since early May. Although the market has faced rejections along the way, upside forces have quickly overcome such obstacles. Today’s trading activity has recorded an additional price increase of roughly 5%. LPT Statistics: Current LPT Value: $21.91 Livepeer Market Cap: $710,261,473 Livepeer Circulating Supply: […]
Forex markets remained relatively subdued on Tuesday, as major currency pairs showed limited movement within tight ranges. The day saw the US Dollar experiencing a modest uptick, against a backdrop of cautious sentiment prevailing in both Asian and European markets. Despite this, Wall Street managed to eke out modest gains ahead of the anticipated release […]
Bulls’ pressure Breaks up $5265 level S&P 500 Price Analysis – 21 May The bulls have clung to the previously set level as S&P 500 has increased. Last week, a bullish engulfing candle occurred, which caused the price to increase towards $5265 level. The $4968 pricing target was reached. Bulls and bears are currently at […]
Market Analysis – May 21 The NZDUSD pair is displaying a clear bullish trend following the break of the resistance trendline on the daily chart. The market is now poised to target the rich liquidity regions on the sell-side, particularly around the relative equal highs. NZDUSD Key Levels Demand Levels: 0.6000, 0.5860, 0.5770 Supply Levels: […]
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 rebounds from its dip after slipping between the moving averages as it rises. In the preceding price movement, the Yen fell to 164.01 before rebounding. The bullish momentum broke past the 21-day SMA, reaching the previous […]
