Market Analysis – July 24 The EURCHF pair has been consolidating since April following a volatile price swing earlier this year. This sideways movement appears to be a correction, with clearly established support and resistance boundaries. The price has recently tested the lower boundary and shows signs of preparing for an upward move. EURCHF Key […]
Market Analysis – July 24 USDCAD recently tested an unmitigated bullish order block formed in September last year, which temporarily paused the price decline and created a bounce. However, the initial optimism for a bullish reversal is quickly diminishing as USDCAD has since formed a failed high, signalling weakening upward momentum. USDCAD Key Levels Demand […]
Market Analysis – July 24 The GBPJPY price decline halted at the demand level of 184.370 in September last year, triggering a bullish rally that peaked at the resistance level of 199.720. However, the price subsequently retreated, returning to the origin of the ascent at 184.370. Currently, the bulls have once again reached the 199.720 supply zone but are struggling to […]
Market Analysis – July 22 NAS100 has shown strong bullish momentum, pushing the price toward the 23,500.00 resistance level. After facing substantial bearish pressure earlier in the year, the index has now transitioned into a bullish phase, characterized by aggressive breakouts and consistent upward movement. NASDAQ Key Levels Demand Levels: 22050.00, 20500.00, 19200.00Supply Levels: 23500.00, […]
The US Dollar remained steady on Wednesday after falling for three days in a row. The calm came after news broke that the United States and Japan had reached a major trade agreement.This deal helped reduce some of the pressure in global markets, especially as the August 1 deadline for new tariffs approaches. Even though […]
The global economic landscape stands at a critical juncture as President Trump’s aggressive trade policies trigger seismic shifts in international commerce. Mohamed El-Erian, President of Queens’ College at Cambridge University, warns that these developments signal the end of hyper-globalization and the beginning of a new, uncertain era for world trade. The fundamental question facing economists […]
Japanese Yen gained ground on Monday as the US Dollar weakened, driven by fresh political tensions and rising concerns over central bank independence. The Yen’s upward move followed a weekend election in Japan, where the ruling coalition lost its majority in the upper house, stirring uncertainty over the government’s future economic direction. Despite the Yen’s […]
Market Analysis – July 20 USOil is signaling the potential onset of a new bearish wave after being rejected at a significant daily order block resistance zone. This rejection follows a major structural break, indicating that the previous bullish retracement was merely corrective. With bearish confluences appearing across several timeframes, market sentiment has shifted decisively […]
Market Analysis – July 18 Gold continues to trade within a firmly established bullish trend that began from the low recorded in November 2024. Since then, the price has maintained a steady upward trajectory, consistently respecting a long-term ascending trendline that has acted as dynamic support throughout the move. GOLD Key Levels Demand Levels: 3130.00, […]
