Commencement of Bullish movement in TRON market TRON Price Analysis – 20 December The price of TRON may surpass the $0.104 and $0.110 barriers if the buying trend continues over the resistance level at $0.101. If TRON drops below $0.097, it may be able to cross the $0.094 and $0.090 support levels should selling persist. […]
Market Analysis – December 19th US30 bullish sentiment persists as the new year brings a potential breakout. The US30 index has maintained its bullish composure solidly throughout this week, refusing to give up its upward momentum. The index market has a lot to offer for the new year, with the potential for continued upward movement […]
EURCHF Analysis – December 19 EURCHF sets to invalidate the 0.95450 swing high as the price continues upward. EURCHF has been bearish on the daily chart for months. The Moving Average Period 50 crossed the Moving Average Period 200 to the downside in May 2023. This indicated a long-term projection of the emerging downtrend. The […]
Market Analysis – December 18 AUDJPY buyers return to the market as the price leaves the discount zone. The market experiences a prevailing surge in positive momentum, marked by intricate variations in prices oscillating between the premium and discount zones. The current upward trend originates from a recent retreat near the rejection block, hinting at […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: BearishThe EUR/JPY currency pair has completed its plunge as it breaks above the 156.00 mark. The pair is correcting higher as it consolidates above the 154.50 level. At the time of writing, the Yen is trading at 158.31. The market […]
In a two-day policy meeting, the Bank of Japan (BOJ) decided to maintain its current monetary policy, signaling a cautious approach amid the ongoing economic recovery. The central bank, led by Governor Kazuo Ueda, kept its short-term interest rate at -0.1% and maintained its target for the 10-year government bond yield at around 0%. Despite […]
Market Analysis – December 17 NZDUSD weakens at the premium zone as the price approaches the diagonal resistance. The NZDUSD is highly characterized by its fluctuation since the beginning of the year. The fluctuation indicates the bulls’ and bears’ interest in taking control of the market at every support and resistance. However, the bulls have […]
Market Analysis – December 18th Nasdaq bulls lead the charge toward year-end gains. Throughout the year, the Nasdaq has taken a steady upward stroll, primarily led by buyers. The bulls have been the driving force behind the strong presence of the index in the market this year. Their expansion began in the first quarter and […]
Market Analysis – December 18th GBPUSD buyers face resistance as sellers regain control. The buyers in the GBPUSD market are once again feeling the heat as the sellers make their presence known. The recent defeat near the 1.27800 price zone has tilted the market in favor of the sellers, as they continue to push the […]
