Market Analysis – October 7 NZDUSD plummeted sharply into the key demand zone at 0.61250. The bearish momentum signals a potential reversal as the price rapidly descends, testing the limits of the current bullish structure. This demand zone at 0.61250 marks a critical swing low and may serve as the final support before the price […]
Market Analysis – October 7 The GBPUSD market has experienced a notable drop, falling from the swing high of 1.3400 down to the critical major trade zone at 1.30840. This substantial move highlights the current market volatility. The 1.30840 zone is crucial, as a decisive break below it could initiate a new downward trend, potentially […]
Market Analysis – October 7 The Nasdaq 100 index is showing signs of fading bullish momentum. After a pullback to the bullish order block at 18,434.0, the current bullish movement emerged with a gap, indicating strong buying pressure. However, as the price moves upward, the momentum continues to decrease. Nasdaq 100 Key Levels Demand Levels: […]
Market Analysis – October 6 The USOIL index recently experienced a significant shift in its bearish structure on the daily timeframe, highlighting a change in market sentiment. This shift occurred after a major low was established in early September 2024. The price, initially reaching a peak at 84.500, began to decline, forming a bearish trend […]
Market Analysis – October 4 The Gold market recently broke out of a prolonged period of ranging price action that lasted from early April 2024 to mid-July 2024. This breakout marked a significant shift in market direction as the price moved decisively into a bullish trend. The momentum began once the 2453.00 resistance level was […]
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Bulls are gathering momentum USDCHF Price Analysis – 04 October If the buying momentum can sustain over the $0.85 resistance level, USDCHF can move above $0.86 and approach the $0.87 barrier levels. If sellers exert enough pressure, they can drive the price past $0.84 and into the $0.83 and $0.82 zones. Key Levels: Resistance levels: […]
Market Analysis – October 3 The US 30 index is displaying clear indications of a potential retracement after its recent bullish rise from 39,999.0, driven by a pullback to a fair value gap on the daily chart. Buyers now appear to be losing strength, suggesting a possible shift in the market trend. US 30 Key […]
Sellers are dominating BNBUSD market BNBUSD Price Analysis: 04 October Sellers may be able to push price to test the $460.5 and $400.6 support levels if they can hold onto the $554.5 resistance level and break below the $516.4 support level. BNB is expected to challenge the previous highs of $606.1 and $642.3, if it […]
Market Analysis – October 4 USDJPY has shown signs of a potential bullish reversal, confirmed by a failed low and a reattack on the area of interest (AOI). This indicates that the market is unwilling to dip further, signalling the possibility of upward movement. USDJPY Key Levels Demand Zones: 140.800, 137.240, 133.740 Supply Zones: 147.050, […]
