Market Analysis – May 6 AUDJPY broke out of a descending triangle on the daily charts. Price now retraces toward the broken descending triangle. The pullback tests the former descending trendline of the triangle as a potential resistance. AUDJPY Key Levels Demand Levels: 90.00, 87.40, 83.90 Supply Levels: 95.30, 98.30, 101.40 AUDJPY Long-Term Trend: Bearish […]
The Tamadoge market continues to recover from its previous downturn. The price has been rebounding from the strong support level at $0.0004000. Currently, the market has surpassed a key technical level and is positioned to advance further. Key TAMA Statistics: May 6, 2025 TAMA Price: $0.0004301 Market Capitalization: $643.21K Circulating Supply: 1B Total Supply: 1.41B […]
Market Analysis – May 5 GBPUSD shows strength as buyers eye higher levels ahead. The 9-day Simple Moving Average (SMA) at $1.33200 is currently acting as dynamic resistance after previously serving as support, while the Relative Strength Index (RSI) at 57.79 remains above the neutral 50 line, signaling that bullish momentum persists. The RSI’s recent […]
This week, several currency pairs are showing significant technical patterns and momentum shifts. From the bullish surge in AUDNZD to the bearish consolidation in EURNZD, each pair tells a unique story. AUDNZD Major Bias – Bullish The pair continues to exhibit a strong bullish trajectory, pushing confidently towards the 1.08600 resistance zone. Following a decisive […]
NAS100 Analysis – May 4 NAS100 is poised to extend its rally following confirmation of a bullish breakout. The index is displaying renewed strength after validating a move to the upside. The 9-day Simple Moving Average (SMA) now has a positive slope and is positioned around $19,330, serving as dynamic intraday support. At the same […]
Market Analysis – May 5 The USDJPY currency pair recently pulled back to the significant demand level of 151.00 for a retest after breaching this zone. This move enabled sellers to short the market, resulting in a price decline to the next support level of 140.40. Following the price retest of the 140.30 demand level, […]
The EURAUD pair could see an uptrend soon, as the selling pressure is reducing.Price breakout above the $1.84 crucial resistance is imminent. EURAUD Weekly Price Analysis – May 4 The EURAUD price could see an uptrend soon as the selling pressure is about to subside. The selling pressure may end, and the Currency pair could […]
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 EUR/JPY exchange rate has risen above the lines of the moving average but resumes its range below the level of 164.00. The currency pair oscillates below the resistance level at 164.00 but above the 21-day […]
Market Analysis – May 2 USOil signals a downtrend, supported by weak indicators and a bearish structure. On the daily chart, the 9-day Simple Moving Average (SMA) is sloping downward and currently positioned above the price action, reinforcing the bearish momentum. The RSI (Relative Strength Index) is around 39.54, while the signal line sits at […]
