Market Analysis- February 21st Nasdaq consolidates following big moves. NAS100 is currently in a consolidation phase after experiencing significant moves. Buyers are facing pressure around the 17,648.000 price level, which is causing a slowdown in their pace. Nasdaq (NAS100) Crucial Levels Resistance Zones: 17,648.000, 17,131.100, Support Zones: 16,503.500 and 15,728.100. Nasdaq (NAS100) Long-Term Trend: Bullish […]
Market Analysis- February 21st GBPUSD market consolidates as traders await momentum unraveling. The market is currently in a consolidation phase, lacking the necessary strength to make significant moves. Despite some fluctuations, both the bulls and bears have struggled to gain control. GBPUSD Price Zones Resistance Zones: 1.27760, 1.26550 Support Zones: 1.25130, 1.23130 GBPUSD Long-Term Trend: […]
Market Analysis- February 21st US30 buy momentum potential threats. The buyers have been facing challenges due to market consolidation, leading to a decline in bullish momentum. This month has been particularly challenging for the bulls, as they have been slowed down and unable to make significant progress. US30 Price Levels Resistance Levels: 39000.000, 37189.000 Support […]
Market Analysis- February 21st USOil buyers cling to the hope of expanding further. With its volatile nature and potential for significant gains, US oil has become a favorite among traders looking to make a profit. In recent months, the bulls have been in control, pushing the price higher and higher. However, as with any market, […]
The U.S. dollar maintained its upward trajectory against the Japanese yen, breaching the 150 yen threshold for the sixth consecutive day on Tuesday. This surge comes amidst growing skepticism among investors regarding Japan’s potential interest rate hike, amid its ongoing economic challenges. Japan’s finance minister, Shunichi Suzuki, emphasized the government’s vigilant stance towards monitoring the […]
Market Analysis – February 20 The NZDUSD bearish trend reverses as it fails to establish a lower low. The price created a lower low in late October 2023, which was followed by a structured break. The break in structure formed a breaker block, which was a potential entry point for the market. NZDUSD Key Levels […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair is trading above its moving average lines as it meanders sideways between 159.00 and 162.00. The upward movement has been halted twice by the barrier at level 162.00. On January 19, the currency pair was rejected, falling […]
Bulls’ pressure will trigger in sponge market Sponge Price Analysis: 19 February Sponge may rise toward the resistance levels of $0.000996 and $0.001158 if the buyers are successful in breaking over the $0.000886 barrier. If the $0.000886 resistance level persists, the price can fall to the support levels of $0.000697, $0.000580, and $0.000500. Key Levels: […]
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