Market Analysis – June 14 The US 30 index is poised to establish a new yearly high after a relatively weak start to the year. Initially marked by a lack of sufficient volatility, the market experienced a period of consolidation before a bearish trend emerged. US 30 Key Levels Demand Levels: 32722.0, 31718.0, 30248.0Supply Levels: […]
Market Analysis- June 12 GBPUSD has recently experienced a shift in market structure, flipping to a bullish direction as it targets the resistance level of 1.2700. The previous resistance level of 1.2600 has been surpassed by the buying pressure from the bulls. GBPUSD Key Levels Demand Levels: 1.2300, 1.2200, 1.2000Supply Levels: 1.2700, 1.2800, 1.2900 GBPUSD […]
In the latest economic report, the focus is on the UK Gross Domestic Product (GDP), which has brought the British pound back into the spotlight as the GBP/USD pair edges closer to retesting the critical 1.2800 resistance. Yesterday’s positive close was attributed to the UK GDP figures aligning with expectations across most metrics. However, concerns […]
Market Analysis – June 15 AUDJPY price is currently displaying a steady upward movement, approaching the 95.50 level. In the months of February and March, the market witnessed a downward movement in price. The current bullish momentum is posing a potential challenge to the resistance level of 95.530. AUDJPY Key Levels Support Levels: 92.750, 87.950, 86.680 Resistance Levels: 95.530, 98.250, 100.000 AUDJPY Long–term Trend: Bullish The market experienced a bullish […]
Market Analysis – June 12 The NZDUSD currency pair is currently undergoing a correction phase following a significant upward surge, reaching the 0.6000 level. As the price retraces, it approaches the fair value gap, testing the resilience of the mitigation block depicted on the 24-hour chart. Market participants anticipate a substantial sell-off due to the […]
Market Analysis- June 11 The NAS 100 index is currently experiencing a bullish breakout, with the price continuing to rise unabated. The strong buying momentum has propelled it past the bullish wedge formation, indicating a quest for new highs. NAS 100 Key Levels Demand Levels: 14250.0, 13500.0, 12800.0Supply Levels: 15200.0, 15600.0, 16000.0 US 100 Long-Term […]
The EUR/USD currency pair finds itself at a critical juncture as it tests a prior level of resistance just shy of 1.0800. That said, in an encouraging turn of events, the pair has managed to reach a fresh two-week high, signaling potential bullish momentum. However, the market is likely to remain ensnared in a tight […]
The British pound is proving its mettle as it wraps up a positive week, flexing its muscles against a range of G7 currencies. With a bounce in its step, the cable surged approximately 2 cents higher, leaving onlookers impressed. Meanwhile, GBP/JPY has also seen a considerable boost of around 2.5 yen, while EUR/GBP has taken […]
Market Analysis – June 9 The GBPJPY pair continues to exhibit a bullish trend, as evidenced by the upward movement from a bullish order block above 171.20. Buyers have displayed impressive strength, successfully breaking through all short-term resistance levels. GBPJPY Significant Levels Demand levels: 171.0, 164.0, 158.0 Supply Levels: 175.0, 180.0, 185.0 GBPJPY Long-term trend: […]
