The U.S. dollar, a major player in the global currency arena, recorded a notable dip on Wednesday, with the DXY index slipping by around 0.45% to 103.66. Surprisingly, this happened despite the surge in U.S. Treasury yields. Things really got interesting when the Bank of Canada (BoC) made a surprise move and raised rates, catching […]
Market Analysis – June 7 FTSE 100 has experienced a price surge from the bullish order block on the 7450 support zone. The price is rapidly soaring to the next resistance level of 7219.0 FTSE 100 Key Levels Demand Zones: 7450.0, 7330.0, 7203.0Supply Zones: 7719.0, 7805.0, 7937.0 FTSE 100 Long-Term Trend: Bearish A bearish reversal […]
Market Analysis- June 6 US 30 has declined steadily in a falling wedge. The buyers utilized the demand level of 32751.0 to engineer a price surge, which halted the bearish correction phase. US 30 Significant Levels Demand Levels: 32751.0, 31718.0, 31250.0Supply Levels: 33438.0, 34228.0, 34628.0 US 30 Long-Term Trend: Bullish The US 30 market took […]
In a twist that has left market participants scratching their heads, the Japanese yen continues to defy expectations and remain remarkably resilient, even in the face of mounting calls for a policy shift from the Bank of Japan (BoJ). While many had hoped for a swift change under the leadership of Governor Ueda, his unwavering […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: Bearish The EUR/JPY is now falling after being rejected twice at level 151.00 high as it revisits level 148.59 low. The Yen is falling as it breaks below the 21-day SMA. The selling pressure could increase once the moving average […]
The US dollar hit a speed bump as the gauge of US business services activity stumbled in May. According to the Institute for Supply Management (ISM), its services PMI index took a nosedive, dropping to 50.3. This unexpected decline is fueling worries about the economic outlook, with overly restrictive monetary policy and stubbornly high inflation […]
Market Analysis – June 6 AUDJPY made a significant leap from the demand level at 94.40 to reach relatively equal highs at 92.400. The bullish order flow in AUDJPY is expected to persist as the price surpasses the resistance level at 92.400. AUDJPY Key levels Resistance Levels: 92.400, 93.000 Support Levels: 90.400, 89.800, 89.160 AUDJPY […]
Market Analysis – June 4 NZDUSD has recently broken free from a consolidation phase. During the months of March and April, the Moving Averages (periods nine and twenty-one) exhibited sideways movement on the body of the daily candles, indicating a lack of clear direction during that period. NZDUSD Key Levels Demand levels: 0.6150, 0.6080, 0.5970 […]
The GBPUSD price rose steadily during March and April until the resistance level of 1.260 was tested. The bullish trendline has aided the bullish run until this moment. A bearish shift in market structure was established in May. The price seems ready for a dive. GBPUSD Key Levels Demand Levels: 1.240, 1.180, 1.130Supply Levels: 1.260, […]
