Market Analysis – May 8 AUDJPY witnessed a sudden price decline subsequent to reaching the resistance level of 105.00. The presence of a wick on the candle’s body, extending into the supply zone, signified sensitivity and rejection. Subsequently, the market experienced a dip to 100.0, where the price found support, thereby reaffirming its bullish stance. […]
EUR/JPY Significant LevelsResistance Levels: 164.00, 166.00, and 168.00 Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair has risen above the moving average lines as it recovers above level 165.57. During the last price activity, the Yen was in an uptrend and soared to a level of 171.58. The currency pair fell […]
Buyers gain more pressure in S&P 500 market S&P 500 Price Analysis – 07 May If the $5108 level holds, the S&P 500 can rise and split into the resistance levels of $5199, $5264, and $5344. The price will be exposed to the support levels of $5054 and $4968 if the $5108 support level fails. […]
Market Analysis – May 7 The NZDUSD market has undergone a notable shift, with an ascent into overbought region. This movement follows a bearish trajectory from the swing high of 0.6080 to the demand level of 0.5860. The recent price dynamics suggest a countertrend motion, indicating a potential resumption of the downward trend, especially as […]
Market Analysis – May 3 USOil offered buy-side delivery of the price in the marketplace since the inception of the year. However, the month of May has changed the tide of the bullish institutional order flow. The parallel channel guiding the upward trend has been invalidated by a bearish breakout. US Oil Key Levels Demand […]
Market Analysis – May 2nd The Gold market has taken a decisive turn, marking a significant departure from the protracted tug-of-war between bullish and bearish forces that characterized the trading landscape from November through February. This period was marked by a pattern of fleeting rallies promptly neutralized by retracements, leading to a protracted phase of […]
Market Analysis – May 1st US30 price dipped into the demand level of 37238.0 after reversing with a double top pattern at 39900. A new double to bearish reversal pattern has appeared threatening another price crash. Market Key Levels Demand Levels: 39900.0, 39017.0, 38560.0Supply Levels: 38238.0, 35976.0, 34890.0 US30 Long-Term Trend: Bearish US30 price slumped […]
Market Analysis – April 30 The FTSE100 index has demonstrated noteworthy upward momentum throughout the year, marked by a consistent surge in value since January. Initial market dynamics were characterized by seller dominance, evident in the Bear power indicator exhibiting a red hue below the zero mark during early January, concomitant with a decline in […]
Market Analysis – May 3 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade witnessed a noteworthy development as it executed a bullish breakout from a rising wedge pattern in the twenty-four-hour timeframe, ultimately reaching the significant resistance level at 160.40 before undergoing a subsequent […]
