The euro faced a tough blow this week as Germany, the powerhouse of the Eurozone, slipped into a recession during the first quarter of 2023. Known for its economic prowess, Germany’s unexpected downturn has sent shockwaves through the currency markets, dampening sentiment toward the euro. As the nation grapples with rising inflation and a reduction […]
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Bulls’ momentum is increasing in USDCHF market USDCHF Price Analysis – 26 May In case buyers exert enough pressure, the $0.90 barrier level might be breached, and the upward trend might carry on to the $0.91 and $0.92 levels. USDCHF may move past the $0.89 support level and downward toward the $0.88 and $0.87 support […]
Market Analysis – May 25 The Gold market has experienced a bearish breakout on the 24-hour chart after a long period of upward trend since the inception of March. The support level of 1978.0 has been bridged. Gold price appears ready for a dive. Gold Key Levels Demand Levels: 1890.0, 1804.0, 1693.0Supply Levels: 2042.0, 2068.0, […]
Market Analysis- May 23 US 30 is price is currently diving through a falling wedge towards the demand level of 32751.0. A bullish Order-block is currently resting at the demand level which is capable of transforming the market direction to an uptrend. US 30 Key Levels Demand Levels: 32751.0, 31718.0, 31200.0Supply Levels: 34228.0, 34628.0, 35551.0 […]
The British pound, after briefly gaining ground against the United States dollar, found itself in a precarious position once again. As investors carefully analyzed the latest commentary from the US Federal Reserve, the pound’s upward trajectory proved short-lived. Despite hopes that rate-setters would decisively address the possibility of higher interest rates, their inclination to assess […]
Market Analysis – May 24 FTSE 100 market outlook has turned bearish due to the failure of the daily bullish order block to hold. Liquidity regions resting at the lows formed in March are expected to pull the price. FTSE 100 Key Levels Supply Levels: 7696.0, 7972.0, 8100.0Demand Levels: 7434.0, 7302.0, 7085.0 FTSE 100 Long-Term […]
Sellers’ momentum is increasing in Silver market Silver Price Analysis – 25 May Once the $21 level is broken downward, the price support levels of $20 and $19 might be tested as demand diminishes. Silver may rise and test the $23 and $24 resistance levels if buyers are able to hold the $21 price level […]
The Japanese yen is standing its ground near six-month lows against the mighty United States dollar, showing resilience in the face of mounting concerns surrounding the US debt ceiling negotiations. With Treasury Secretary Janet Yellen sounding the alarm that Washington’s cash reserves might dry up by June 1 if Congress doesn’t get its act together, […]
Market Analysis- May 24 The USDCAD market is currently experiencing difficulty establishing a trend. A symmetrical triangle has formed on the daily chart to prepare the market for a breakout. USDCAD Key Levels: Demand Levels: 1.3300, 1.3170, 1.2980 Supply Levels: 1.3520, 1.3690, 1.3880 USDCAD Long-term Trend: Ranging The USDCAD market displayed a prominent bullish trend […]
