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 […]
Market Analysis – July 4 The NZDUSD currency pair has been exhibiting a pattern of lower highs and higher lows, forming a symmetrical triangle on the price chart. This consolidation pattern suggests that the market is undergoing a period of indecision and is preparing for a potential breakout. NZDUSD Key Levels Demand Levels: 0.6100, 0.5900, […]
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Buyers’ momentum is increasing ADA Price Analysis – 04 July Caradno may rise above the $0.29, $0.31, and $0.33 levels if buyers are successful in holding the $0.26 support level. If the $0.26 support level is broken, the $0.24 and $0.23 levels will be tested next. Key Levels: Resistance levels: $0.29, $0.31, $0.33 Support levels: […]
GBPUSD Analysis – Price Held Back at 1.26030 GBPUSD sellers lose grip as buyers defend the 1.26030 key level. The pair has been showing strong bullish momentum since March when the bulls broke through the 1.18000 key level. This bullish liquidity propelled the pair forward, pushing past various resistance levels as buyers defended the 1.26030 […]
The British Pound fell for the second consecutive week against the US dollar as the greenback benefited from a hawkish Federal Reserve and upbeat US data. The GBP/USD pair traded below the 1.26 level for the first time since mid-June as investors priced in a sooner-than-expected rate hike by the Fed. US Data and Fed […]
