Market Analysis – July 24th Nasdaq 100 (NAS100) faces downward pressure as sellers keep turning up the heat. The bearish momentum has been increasing lately, indicating a shift away from the buying trend. Despite the downward pressure, buyers have not given up, and their presence in the market is still visible. The daily chart shows […]
GBPUSD Analysis – GBPUSD Drops on Sell Pressure GBPUSD sellers could extend the decline below the 1.28280 key level. This implies that the market could have a tough week since last week’s bearish progression has been quite gradual. The bulls were unable to push their buying momentum beyond the 1.31420 market level as the bears […]
Market Analysis – July 24 The AUDJPY currency pair is currently showing adherence to a bearish trendline, leading to a test of a significant demand zone. Notably, a double bottom pattern formed after the demand level was tested. Furthermore, the swing low of the demand level aligns with a bullish trendline, resulting in a critical […]
Market Analysis – July 23 The NZDUSD price has been confined within a well-defined range, oscillating between the resistance level at 0.6400 and the support level at 0.6100. During this period, the Stochastic indicator has proven to be an effective tool, providing valuable signals of price extremes and potential reversals as the market approaches the […]
The Japanese yen encountered a challenging week, experiencing losses against both the euro and the US dollar. The upcoming Bank of Japan (BoJ) meeting and its uncertain stance on the Yield Curve Control (YCC) policy have left the currency on uncertain ground. Japanese officials are closely monitoring the foreign exchange (FX) markets and making data-driven […]
Market Analysis – July 21 US oil (WTI) flirts above the 74.220 market level as buyers prepare to bounce off it. Oil traders have seen a volatile market for the past two months. The market started strong in May, with prices rising from 83.370 to nearly 84.000. However, by the end of June, sellers had […]
Gold (XAUUSD) Market Analysis – July 20 Gold (XAUUSD)price falls back to the 1965.050 market level amidst bullish influence. Recently, the market has seen some interesting activity. After a long period of bullish influence, the buyers have dropped their guard and are taking a bite at the 1965.050 key level. Despite this pullback, the general […]
ONE OF THE MOST PREVALENT FALLACIES IN THE TRADING WORLD The idea that you can make so and so percentage of profits on a daily, or weekly, monthly, or annual basis is one of the major characteristics of traders who are deceiving themselves. It is also one of the sure-fire methods of identifying the so-called […]
The Japanese yen faced a setback against the robust US dollar on Friday following the release of a report suggesting that the Bank of Japan (BoJ) is likely to hold its key yield control policy steady in the upcoming week. The decision comes amid a flurry of central bank meetings involving major economies like the […]
