Market Analysis – August 7 The NZDUSD market has seen a bearish breakout from a descending channel this August. The price has fallen to the demand zone at 0.5860 and, subsequently, retraced to retest the falling wedge formation. This retracement phase provides further insights into the current market dynamics and potential future movements. NZDUSD Key […]
Market Analysis – August 6 The Nasdaq (NAS100) has experienced a pronounced decline, with the index falling more than 17 percent from its peak of 20,771.0. This sharp downturn is evident from the large daily candles, highlighting substantial selling pressure. Nasdaq 100 Key Levels: Demand Levels: 17,279.0, 16,960, 10,000.0Supply Levels: 18,618.0, 19,600, 20,176 Nasdaq Long-Term […]
Bears are increasing in S&P 500 market S&P 500 Price Analysis – 06 August S&P 500 may increase and split into the resistance levels of $5186, $5262, and $5344 if the $5122 level holds. If the $5122 support level is breached, the price can test the $5009 and $4312 support levels. Key Levels: Resistance levels: […]
Buyers’ momentum is increasing EURUSD Price Analysis –05 August Buyers can move up price to the $1.11 and $1.12 barrier levels if they can break over the resistance level at $1.10. Prices may drop below the $1.08 and $1.07 support levels if sellers are successful in keeping the price below the $1.09 barrier. EUR/USD Market […]
An increase in Bears’ pressure envisaged Polygon (POL) Price Analysis – 05 August After breaking through the $0.35 barrier, Polygon Ecosystem Token might be able to go on to the $0.30 and $0.25 difficulty levels. If buyers are able to gain some momentum, the market may be able to break through the $0.43 resistance level […]
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 renewed selling pressure after breaking below the moving average lines as it aims for its previous low of 155.00. In the previous price action, the currency pair rose to 175.42. The Yen […]
Market Analysis – August 1 Gold (XAUUSD) has resumed its bullish ascent after a brief dip below a bullish order block on the daily chart. This move initially suggested a potential trend reversal; however, the price did not break the previous swing low of $2,352.0. Instead, a higher low was formed, followed by a rally […]
Market Analysis – August 1 USOil price surged by 4.53% on July 31. This significant single-day rise occurred within a broader bearish trend, driven by the price hitting a bullish supporting trend line as the Stochastic indicator signaled the market was oversold. USOil Key Levels Demand levels: 72.40, 69.10, 64.80Supply Levels: 80.30, 87.50, 94.50 USOil […]
Market Analysis – July 31 The FTSE 100 index has experienced a bullish breakout from a parallel channel on the daily chart. The price pulled back to retest the border of the parallel channel, which provided support to propel it beyond the swing high of 8371.0. FTSE 100 Key Levels Demand Levels: 8200.0, 8010.0, 7899.0Supply […]
