Market Analysis – August 20 EURCHF is currently ascending towards a key resistance trendline on the daily chart. This move marks the third touch of the trendline, which connects two significant swing highs observed in May and July. As the price approaches this critical juncture, traders are watching closely for a potential resumption of the […]
Market Analysis – August 20 AUDJPY is currently experiencing a bullish retracement within a broader bearish trend. After several days of upward momentum, the pullback is now approaching a significant supply zone of around 99.20 on the daily chart. This level represents a potential area of resistance where sellers may step in to halt further […]
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Buyers are taking over Cardano market ADA Price Analysis – 20 August Buyers may attempt to test the resistance levels at $0.37 and $0.40 if they can keep the price above the $0.35 barrier. If the $0.33 barrier is breached, the support levels of $0.30 and $0.28 will be taken into account. Key Levels: Resistance […]
Market Analysis – August 19 NZDUSD experienced a surge in buying pressurevafter a successful test of its supporting trendline on the daily chart. However, this upward momentum has hit a significant roadblock. The pair is now encountering strong resistance at a bearish order block, a zone where sellers frequently enter the market to fill short […]
Market Analysis – August 16 Gold (XAUUSD) prices have once again approached the supply zone around $2,483.00, a level that has consistently resisted upward movement since July. This resistance has led to the formation of an ascending triangle, indicating that a breakout is necessary for the continuation of the upward trend. Gold Key Levels Demand […]
Market Analysis – August 16 The USOil market finds itself at a critical juncture. Price momentum has stalled above a key swing high at $79.00, suggesting potential for continued upward movement. However, as the price ascended into a supply zone marked by a bearish order block, it encountered significant resistance. This resistance has led to […]
EUR/JPY Significant Levels Resistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: Bearish The EUR/JPY pair has hit bearish exhaustion as it recovers above level 154.41. On August 5, bulls bought the dips and resumed their upward correction. The upward corrective encountered resistance at the 21-day SMA. On the […]
Market Analysis – August 14 The USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade price decline has paused for the third time in the ongoing bearish swing. This downward movement has almost fully retraced the gains from the uptrend observed in the first half […]
Market Analysis – August 14 The US 30 index has exhibited a bearish shift in market structure following a drop below the demand level of 39,076. The price is now retracing to a bearish breaker block, which is currently acting as resistance. US 30 Key Levels Demand Levels: 38,388.0, 37,238.0, 36,264.0 Supply Levels: 39,819.0, 40,565.0, […]
