Market Analysis – November 16 USOil has been range-bound between two crucial price levels since September. The market has repeatedly failed to break through resistance at 72.430, while the 67.970 support has consistently held firm. Currently, the price is resting at this support zone, showing clear signs of a potential reversal. USOil Key Levels Demand […]
Price may break up $0.00002621 level Shiba Inu (SHIB) Price Analysis: 17 November The price may be able to overcome the resistance levels of $0.00002880 and $0.00003212, respectively, if buyers can push the price over the $0.00002621 level. SHIB may fall below $0.00002373 and attempt to test the support levels of $0.00002148 and $0.00002141, respectively, […]
Price action in the Tamadoge market shows signs of recovery from recent downward pressure. The latest price candle indicates that the market is poised to reclaim higher price levels. Additionally, other positive indicators suggest the potential for further gains in subsequent trading sessions. Key TAMA Statistics on November 17, 2024: TAMA Price: $0.000981 Tamadoge Market […]
Market Analysis – November 14 Gold is experiencing a sustained decline following the breakdown of the bullish order block at 2640.0. This decline, combined with a bearish breakout from the bullish wedge that had defined price action since August, indicates a significant shift in market sentiment toward the downside. Gold (XAUUSD) Key Levels Demand Zones: […]
Market Analysis – November 13 The FTSE 100 recently broke below the critical 8145.0 level on the daily chart. Following this breach, the index retraced to the 8318.0 resistance level, where sellers quickly capitalized, initiating significant shorting that pushed the price sharply downward toward 7918.0. With the index approaching critical demand zones, further downside movement […]
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: Bullish The EUR/JPY currency pair has recovered above the moving average lines as it continues its bullish ascent. Buyers are struggling to keep the price above the moving average lines. The Yen is expected to rise once […]
Market Analysis – November 14 USDJPY sustained its bullish momentum, preserving its upward market structure following a reversal at 147.050. Despite encountering multiple supply zones, the pair has consistently demonstrated strength, pushing through previous resistance levels. USDJPY Key Levels Demand Level: 152.990, 159.410, 147.050 Supply Levels: 160.100, 165.000, 170.000 USDJPY Long-Term Trend: Bullish USDJPY formed […]
Market Analysis – November 13 AUDJPY buyers have contended with the resistance posed from the bearish order block of 100.380 since October. Since the reach of the bearish order block, the market has been fluctuating at the same point, leading to the formation of a range. The price recently peeped above the range, giving positive […]
Market Analysis – November 12 EURCHF has reversed consistently after reaching the demand level of 0.93340. Consequently, the lower highs continue to form while the demand level has formed equal lows. This has ultimately formed a descending triangle pattern on the daily chart, setting the market up for a price breakout. EURCHF Key Levels Demand […]
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