Market Analysis – October 27 NZDUSD reverses as the price breaks through the 0.63650 level. This indicates a bullish break in the market structure. However, the price is beginning to establish regular lower lows, causing the price to retrace. NZDUSD Key Levels Demand Levels: 0.60300, 0.58000, 0.55250Supply Levels: 0.63650, 0.65600, 0.67300 NZDUSD Long-Term Trend: Bullish […]
In a high-stakes trial that has gripped the crypto industry, Sam Bankman-Fried, the founder of the now-collapsed FTX exchange, has chosen to testify in his own defense. The move comes after prosecutors rested their case against him, with Bankman-Fried facing seven counts of fraud and conspiracy allegations. The allegations suggest that Bankman-Fried misappropriated billions of […]
The USD/JPY has broken above the critical 150 level as traders watch closely for what comes next. This critical threshold is viewed as a potential trigger for intervention by Japanese authorities. Earlier today, the pair touched 150.77 briefly, only to retreat to 150.30 as profit-taking emerged. The market sentiment remains cautious as the yen gains […]
In a setback for the British economy, the British pound experienced further declines on Wednesday as disappointing economic data cast a shadow over prospects for a rate hike by the Bank of England (BoE) in the upcoming week. The most recent data from S&P Global’s UK Purchasing Managers’ Index (PMI) revealed that the services sector, […]
Market Analysis – October 25 US30 sellers face pressure amidst buyers’ push. The US30 market has seen an interesting struggle between buyers and sellers. The sellers managed to drive the market down close to the 32,839.520 level. It now appears that the buyers are gearing up to make a comeback. The bearish trend had been […]
Market Analysis – October 25 GBPUSD buyers look to regain momentum in a calm market. The price is seeing a resurgence in buying activity this week, with buyers unwilling to remain on the sidelines. A brief selling trend occurred in previous weeks when buyers failed to advance beyond the critical 1.23420 significant level. GBPUSD sellers […]
Market Analysis – October 25 Nasdaq (NAS100) eye solid bear push to yield strength downward this time. The sellers are resolute in their aim to pull prices lower, setting their sights on the crucial 14480.00 market zone. This battle for market dominance has persisted for months, with sellers regaining control after a brief stint that […]
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 pair has fallen below the 160.00 barrier level as it aims for the low of 158.18. The currency pair is falling after reaching a high of 159.91. The pair is now trading at a low of 158.46. Since […]
The US dollar clawed back from a month-low, spurred by lackluster economic data from the eurozone, which cast a shadow on the euro’s performance. In a surprising turn of events, the euro stumbled by 0.7% to $1.0594 after earlier gains, following a Reuters survey unveiling a decline in business activity across the eurozone. This unexpected […]
