Market Analysis – September 3 On August 23rd, NZDUSD established a bullish break of structure (BOS), reinforcing its bullish trend. The price then encountered resistance, forming a swing high, which led to a decline towards the bullish order block at 0.61870. NZDUSD Key Levels Demand Levels: 0.61770, 0.60810, 0.60140 Supply Levels: 0.63040, 0.64110, 0.65370 NZDUSD […]
Bulls’ pressure is increasing EURUSD Price Analysis – 02 September Buyers have the ability to drive the price higher to the $1.120 and $1.127 barrier levels if they can break through the resistance level at $1.111. Prices may drop below the $1.100 and $1.091 support levels if sellers are successful in keeping the price below […]
Market Analysis – August 30 USOil (WTI) price has recently shown significant sensitivity to a bearish order block, which has played a crucial role in halting its upward momentum. As the price attempted to rise, it faced strong resistance at the 76.90 level, a key bearish order block formed during its previous decline. This resistance […]
Market Analysis – August 30 Gold market structure remains firmly bullish, as indicated by the consistent formation of higher lows. Recently, the price successfully broke above the resistance zone at 2483.0, marking a significant milestone in its upward movement. The market has since pulled back, using this previous resistance zone as a new support level. […]
Market Analysis – August 29 The FTSE 100 index, in August, experienced a sharp and volatile price crash. Within just three days, the market plunged nearly 6%, reflecting intense selling pressure. However, the market has since rebounded, forming a bullish market structure as it now targets the swing high that initially triggered the downturn, offering […]
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: Bearish The EUR/JPY pair has hit bearish exhaustion as it recovers above level 154.41. On August 5, bulls bought the dips and resumed their upward correction. The upward corrective encountered resistance at the 21-day SMA. On the […]
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: Bearish The EUR/JPY pair is moving above the support level of 158.00 and below the moving average lines as traders reach indecision. The 21-day SMA has further rejected the rising surge. The moving average lines, which indicate […]
Market Analysis – August 29 The US 30 market recently experienced a significant downturn, dropping nearly 7%. A sudden surge in the volume indicator signaled substantial shorting activity by large market participants. However, the market has since shown resilience, climbing back above the swing high that initially triggered the decline. The focus now shifts to […]
Market Analysis – August 30 The USDJPY pair experienced significant volatility in July, culminating in a sharp price crash. The pair broke below a key bullish trendline on the daily chart, triggering a downward spiral. After briefly touching the 142.00 level, a bullish retracement occurred. However, USDJPY has now resumed its descent following a temporary […]
