Market Analysis – May 26 USDJPY bulls have lost steam as a fresh bearish break of the structure confirms the dominance of sellers in the market. After a brief retracement, the price is now resuming its bearish motion toward the significant demand level at 140.510, where a strong bullish pullback previously originated. USDJPY Key Levels […]
Market Analysis – May 26 GBPUSD is primed for a rally as technical indicators signal upside potential. On the daily chart, momentum indicators favor bullish activity. The chart reveals a robust bullish setup supported by reliable technical signals. The 9-day Simple Moving Average, positioned at $1.3360, is trending upward, providing dynamic support as the price […]
NAS100 Analysis – May 25 NAS100 is undergoing a clear pullback within a broader bullish continuation structure. The index has dipped below its 9-day Simple Moving Average, currently near $21,240, indicating short-term selling pressure. However, the RSI remains comfortably above 50 at 58.7, after recently reaching 64.5, suggesting that underlying bullish momentum remains intact and […]
The recent economic developments surrounding the GBPAUD pair appear to have favored the bulls, pushing prices higher throughout the week. Although the market ended the week with a red candlestick, the broader uptrend remains firmly intact at the time of writing. Key Price Levels Resistance Levels: 2.1000, 2.2000, 2.3000 Support Levels: 2.0000, 1.9500, 1.9000 GBPAUD […]
The EURAUD price might experience a bullish reversal.The pair could change direction to the upside. EURAUD Weekly Price Analysis – May 25 The EURNZD price looks for a bullish reversal as the current selling pressure may end soon and the coin price could be ready for an upward movement. This reversal pattern could assist buyers […]
EUR/JPY Significant Levels Resistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00, and 154.00 EUR/JPY Price Long-term Trend: Ranging The Yen hit a high of 165.22 and then moved sideways above 161.50.The currency pair has been trading above the moving average lines but below the barrier at level 164.00. Buyers tried more than three times […]
Market Analysis – May 23 USOil continues to reflect a bearish outlook driven by both technical indicators and structural market weakness. Technically, the asset displays persistent downward pressure, with the price trading below the 9-day Simple Moving Average (SMA) at $61.90. This placement highlights sustained short-term bearish momentum. The Moving Average Convergence Divergence (MACD) histogram […]
The EURNZD price remains in an ascending channel.The bulls are still dominating the market. EURNZD Weekly Price Analysis – May 23 The EURNZD pair is gaining traction and remains in an ascending channel, confirming the bulls’ dominance. However, the Yen price could rise as buyers remain dominant, propelling the market value to the overhead resistance. […]
Market Analysis – May 22 GBPJPY experienced an impulsive bearish displacement in August 2023, driving the price down to the support level of 180.530. Since then, the market has shifted into a prolonged corrective phase, characterized by intermittent and short-lived trends. GBPJPY Key Levels Demand Levels: 194.790, 198.200, 206.160 Supply Levels: 188.880, 184.360, 180.530 GBPJPY Long-Term Trend: […]
