Market Analysis – July 5th The FTSE 100 index finds itself under bearish pressure as it continues to face challenges in its attempt to reverse the prevailing downtrend. On June 30th, a bearish break in the market structure occurred, indicating a continuation of the downward movement. Following this break, the market underwent a pullback phase, […]
Market Analysis – July 4th The US 30 index has been engaged in a persistent battle to surpass the significant resistance level of 34400. Despite numerous attempts, it has struggled to sustain a breakthrough, often experiencing false breakouts with temporary spikes above the key zone. Presently, the price is once again positioned near the resistance […]
The Japanese yen has summoned its inner samurai and made a remarkable comeback against the US dollar, as seen with the USD/JPY pair this week. The secret behind its newfound strength? A stunning display of wage growth in Japan, not seen since the 90s. Meanwhile, the dollar seems unfazed, lounging near a one-year high despite […]
Market Analysis – July 5 EURCHF exhibits signs of extreme weakness despite a previous bullish market shift observed on June 23rd, characterized by a significant bullish candle. Since the market reversal, the price has struggled to sustain upward momentum. Key Levels for EURCHF: Demand Levels: 0.9680, 0.9740, 0.9640 Supply Levels: 0.9820, 0.9860, 0.9900 Long-term Trend […]
Market Analysis – July 5th The NAS 100 market continues to exhibit a bullish market structure, indicating an optimistic outlook for investors. During April, the market experienced an accumulation phase characterized by sideways movement. Notably, the market formed a bullish triangle pattern during this consolidation period, with a series of higher lows. This pattern suggests […]
The South African rand (ZAR) has been on a roller coaster ride this year, hitting record lows against the US dollar (USD) in June. The currency faces many challenges, both at home and abroad, that threaten to derail its recovery. One of the main sources of pressure is the ongoing political and economic turmoil in […]
SPONGEUSDT will rise to the $0.000322 SPONGEUSDT Price Analysis –04 July As the bullish trend gets traction, the price will rise to the $0.000322 and $0.00042 barrier levels after breaking through the $0.000224 resistance level. Sponge sells better when it is priced at $0.000224 or less. SPONGEUSDT Market Key levels: Resistance levels: $0.000224, $0.000322, $0.000402 […]
S&P 500 price may increase further S&P 500 Price Analysis – 04 July S&P 500 may increase above the $4476 resistance level as buying pressure picks up, and more buying could push the price as high as $4631 and $4723. If the $4476 resistance level is held, the price may reverse and decline in the […]
Market Analysis – July 4 The AUDJPY currency pair demonstrated a period of modest upward movement throughout the months of April and May, displaying gradual price advancements within a parallel channel. Nevertheless, the vigour behind this upward trend gradually diminished, evident in the declining value of the Average Directional Index (ADX). This decline served as […]
