EURCHF Analysis – January 10 EURCHF eyes upward correction amidst the persistent bearish trend. The market’s current trading range lies between the swing high of 0.95450 and the swing low of 0.92440. EURCHF may undergo a significant upward correction before it hits the bearish order block. EURCHF Key Levels Demand Zones: 0.9410, 0.9300 Supply Zones: […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: RangingThe EUR/JPY exchange rate is moving sideways as it revisits the barrier at l59.00. The moving average lines have been the pair’s trading range. The currency pair has been trading sideways since the December 7 price collapse as buyers try […]
The Canadian dollar, commonly referred to as the loonie, experienced a significant dip, marking its lowest point in nearly a month against the U.S. dollar, trading at 1.3389. The primary catalyst behind this decline is the mounting apprehension concerning the impact of elevated interest rates on the Canadian economy. The Bank of Canada (BoC) has […]
Market Analysis – January 8th Nasdaq bears dominate as buyers remain silent. The index continues to experience fallout as buyers remain in silent mode, allowing the bears to exert their dominance. The price has been responsive to the increasing bearish pressure. Therefore, it appears that buyers have been dealt with over the past few days. […]
Market Analysis – January 8th GBPUSD buyers struggle in the consolidation phase and are waiting for a breakthrough. The price remains pinned down in a consolidation phase, with the bullish trend disappearing from the radar as buyers lose hope. The bulls are currently engaged in a battle before a final breakthrough can occur. Buyers have […]
Buyers oppose sellers at $0.46 level ADA Price Analysis – 09 January Cardano may drop as low as $0.46 or $0.41 if sellers can keep it below the $0.50 support level. If the $0.54 barrier is breached, the resistance levels at $0.59 and $0.65 will be examined Key Levels: Resistance levels: $0.54, $0.59, $0.65 Support […]
NZDUSD Analysis – January 8 NZDUSD is set to resume its uptrend as the price approaches the discount zone and the oversold state, according to the Stochastic Oscillator. The bounce off the $0.6410 resistance led to an increase in selling momentum, causing the price to reach the demand zone at $0.5770. The market then entered […]
Market Analysis – January 6th USOil buyers intercept sellers, creating the potential for bullish action.The bearish course of WTI (USOil) has encountered obstacles due to a lack of significant liquidity flow. This week, buyers have seized a trading opportunity from sellers. This resulted in a quick drive from the 69.300 significant level and a revival […]
Market Analysis – January 4th Gold faces selling pressure as bulls maintain resilience. XAUUSD has been experiencing selling pressure as sellers pierce through important key levels. The bulls have shown determination and have managed to keep the struggle going. However, it is only a matter of time before the selling traders potentially drive the price […]
