Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY currency pair has resumed its positive trend as it breaks above the 160.00 barrier. On October 31, the Yen recovered and broke through the resistance level of 160.00, but the bulls were unable to maintain their bullish […]
Market Analysis – November 7 Nasdaq (NAS100) bulls maintain control. The bull traders have exhibited remarkable tenacity, making their presence known in the market during the past week. As we delve deeper into the technical aspects, it becomes clear that Nasdaq is now standing at a critical juncture. Right now, they are making decisions that […]
Market Analysis – November 7 NZDUSD attempts a bullish breakout from a falling wedge. The current price surge from the demand level of 0.5750 threatens the resistance trendline that forms the falling wedge. NZDUSD Market Zones: Demand Zones: 0.5750, 0.5800, 0.5860Supply Zones: 0.6040, 0.6230, 0.6400 NZDUSD Long-Term Trend: Bearish The major highs and lows established […]
The pound faced a setback against the dollar on Tuesday as investors eagerly awaited crucial economic data and the Bank of England’s (BoE) decision on interest rates. Amidst dwindling risk appetite in the market, the dollar gained strength, while the pound lost momentum following its impressive rally last week. Last week, the BoE held interest […]
In a turbulent week for the Japanese yen, the currency experienced significant fluctuations, primarily driven by policy decisions from the Bank of Japan (BoJ) and the Federal Reserve (Fed). The BoJ’s announcement included a minor adjustment to its Yield Curve Control (YCC) policy. It maintained its target for the 10-year Japanese government bond (JGB) yield […]
The U.S. dollar has experienced a sharp decline, reaching its lowest level in six weeks. This downward spiral was triggered by underwhelming U.S. job data, which has subsequently dampened expectations of a Federal Reserve (Fed) rate hike in December. According to the latest statistics, the U.S. economy added only 150,000 jobs in October, falling significantly […]
Market Analysis – November 3 USOil (WTI) seeks to recharge at the 80.200 price zone. On the oil market, the bulls are on a mission to reignite their strength after a significant downturn. For the first half of November, the oil price dynamics were predominantly bearish, casting a shadow over the market. However, the buyers […]
Market Analysis- November 3 Gold (XAUUSD) sellers revisit the 1973.190 significant zone. Gold is taking thrilling action as sellers initiated a drive that energized the market. Currently, the buyers are making a comeback, suggesting that we should anticipate further progress after this pullback. Gold (XAUUSD) Market Zones Resistance Levels: 2063.930, 1973.190 Support Levels: 1882.120, 1816.420 […]
Market Analysis – November 3 Nasdaq (NAS100) buyers are trying to reclaim strength. Buyers in the Nasdaq (NAS100) market are currently attempting to regain their strength. However, they are more likely to face a few challenges. The NAS100 market experienced a notable presence of sellers in the past week. Towards the end of that bearish […]
