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 […]
Market Analysis- May 24 EURCHF is currently on a strong downward trend. Volatile displacement in the price was observed in February and March in both directions of the market before the downward trend was established. The price is currently on a free fall towards the 0.9640 demand level. EURCHF Key Levels Demand Levels: 0.9640, 0.9500, […]
In a striking comeback, the U.S. dollar is flexing its muscles once again, fueled by the unwavering strength of the U.S. economy and the surge in Treasury yields. Despite facing a barrage of challenges, including recent banking sector turbulence, American business activity and the labor market have shown an impressive ability to weather the storm. […]
Market Analysis- May 22 GBPUSD price has struggled to rise to the resistance level of 1.2640. The supporting trendline which aided the ascent has been broken. GBPUSD price appears ready for a free fall! GBPUSD Key Levels Supply Levels: 1.2450, 1.2640, 1.2800Demand Levels: 1.2260, 1.2020, 1.1800 GBPUSD Long-Term Trend: Bearish GBPUSD Bulls made attempts to […]
Market Analysis-May 21 Nasdaq 100 is soaring energetically during this period. Bulls have defied all short-term resistance to rally. The price is currently at its highest this Year Nasdaq Key Levels Demand Levels: 11675.0, 12705.0, 10665.0Supply Levels: 13729.0 14000.0 14500.0 Nasdaq Long-Term Trend: Bullish Since the inception of the year, Nasdaq bearish trends have been […]
Market Analysis- May 22 NZDUSD has launched towards the 0.63170 supply level. A bullish displacement that closed the month of April successfully rose above the bearish trendline. The retest that followed the breakout has served as support for an ascent. NZDUSD Key Levels Demand Levels: 0.6150, 0.6080, 0.5960 Supply Levels: 0.6310, 0.6410, 0.6530 NZDUSD Long-term […]
Sellers may dominate EURUSD market again EURUSD Price Analysis – 22 May In case the sellers are successful in breaching the $1.07 support level, the EURUSD may fall even further into the $1.06 and $1.05 barrier levels. If Buyers are successful in holding the $1.07 support level, the price may move in the direction of […]
