EUR/JPY Significant LevelsResistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair resumes above level 169.40 after breaking above the breakthrough mark. On May 14, the bulls attempted to retest the breakout level for the second time but were rejected. The Yen fell to level 167.33, but bulls […]
Market Analysis – May 29 Gold price action has formed a notable double-top pattern on the daily chart. The double-top pattern traditionally signals a potential reversal or a deceleration in the prevailing bullish trend. Despite this, it is important to highlight that no significant demand zones or swing lows have been compromised, thus keeping the […]
Market Analysis – May 29 The GBPUSD currency pair is approaching a pivotal point. It has reached the resistance trendline of a large symmetrical triangle pattern on the daily chart. Multiple technical indicators suggest a potential bullish breakout is imminent. This signals a continuation of the upward trend. GBPUSD Long-Term Trend: Bullish Over the past […]
Market Analysis – May 29 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade is currently experiencing low volatility and consolidation within a bullish wedge. USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade’s ability […]
Market Analysis – May 29 AUDJPY has pulled back to the mitigation block at 101.00, regaining support for renewed bullish momentum. Following this pullback, the price is now on the verge of surpassing the current year’s high of 105.00, indicating a potential continuation of the upward trend. AUDJPY Key Levels Demand Levels: 97.80, 95.60 Supply […]
Market Analysis – May 28 NZDUSD is currently experiencing its second significant market trend of 2024. The year began with a bearish reversal, but a new bullish wave is now in progress. The price has reached another key resistance level at 0.6180. NZDUSD Key Levels: Demand Levels: 0.6080, 0.6000, 0.5860 Supply Levels: 0.6180, 0.6290, 0.6360 […]
Market Analysis – May 28 EURCHF has successfully enforced a bullish breakout above the supply zone of 0.9840 after several failed attempts. However, the pair has shown sluggishness in its ascent towards the significant resistance level of 1.0000 over the past week. Key Levels for EURCHF: Demand Levels: 0.9700, 0.9560 Supply Levels: 1.0000, 1.0080 EURCHF […]
Market Analysis – May 24 Gold has exhibited exceptional performance over the past two months. From December to February, the price of gold remained relatively stable. However, March saw a breakout from this prolonged consolidation, injecting volatility into the market. The price surged to $2431.0, marking the highest point of the year so far. Gold […]
FTSE 100 Market Analysis – May 23, 2024 The FTSE 100 experienced a successful breakout in early May, followed by a retest that propelled the price to 8400.0. However, the current small-sized candlestick formation is indicating a significant decline in bullish momentum. The market appears poised for a retracement to seek support. FTSE 100 Key […]
