There is an increase in $SPONGE sales SPONGEUSDT Price Analysis –21 JuneThe price will rise to the $0.000322 and $0.00042 barrier levels as the bullish trend gathers steam after breaking through the $0.000224 resistance level. SPONGEUSDT Market Key levels: Resistance levels: $0.000224, $0.000322, $0.000402 Support levels: $0.000092, $0.00004, $0.00002 SPONGEUSDT Long-term Trend: Bullish The price […]
FTSE Analysis – June 21 FTSE sellers are still set on a bearish course. The FTSE has been caught in the grip of a bearish market as sellers have been dominant in the market. After the start of the month, sellers were able to push the yield from the 7805.10 key level to the 7437.40 […]
The Australian dollar is encountering downward pressure in today’s market against the US dollar (DXY), despite the relatively stable performance of the greenback as indicated by the DXY index. This decline can be attributed to initial apprehensions surrounding the Chinese economy. This apprehension was triggered by the People’s Bank of China’s (PBoC) decision to cut […]
Market Analysis – June 20 The EURCHF market has demonstrated its inclination towards a bullish trend, as it defies the bearish channel that has been guiding price movements since March. This surge in price is clearly evident on the daily chart. EURCHF Significant Levels Demand Levels: 0.9760, 0.9680, 0.9600 Supply Levels: 0.9820, 0.9890, 1.0050 EURCHF Long-term […]
Market Analysis – June 20 The AUDJPY currency pair has exhibited bullish strength, breaking out of a rising wedge pattern and surging toward the significant level of 98.30 within a relatively short period of time. The price is experiencing rapid upward movement, characterized by a steep slope on the daily chart, as it aims to […]
NAS 100 Analysis – Price Could Hold Lower Amidst Bullish Strength Nasdaq faces market resistance at the 151910 key zone. The price has been on a strong bullish trajectory in the market, with buyers finding consistent buying opportunities. This has now led to the US100 facing market resistance at the 15191.0 key zone. This resistance […]
GBPUSD Analysis – Buyers May Pause on Liquidity Flow GBPUSD could slip out of the bullish volatility race following its breakout from the 1.26300 key zone. The pair has been on a bullish run in the last few days, with buyers driving up the price beyond the 1.26300 key zone. With the bullish pressure still […]
Market Analysis – June 19 NZDUSD is presently undergoing a corrective phase after experiencing a significant shift towards the prominent value of 0.6000. This displacement has attracted attention, and now the price is drawing closer to the fair value gap, seeking to test the effectiveness of the mitigation block in the 24-hour timeframe. Traders and […]
The US dollar index, known as the DXY index, has encountered significant challenges as it falls below a crucial support level, signaling a disconnect between the market and the US Federal Reserve’s hawkish stance on monetary policy. During its recent meeting, the Federal Reserve opted to maintain interest rates at their current levels. However, they […]
