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 […]
Market Analysis- May 20 The AUDJPY market has been performing brilliantly, with a very discernable direction on the daily chart. The ascent on the daily chart has broken the resistance trendline to the upside. The market gyration has covered inefficient regions on the bearish swing. AUDJPY Key Levels Demand Levels: 90.000, 87.900, 85.920, Supply Levels: […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY is in an uptrend but faces resistance at 149.51. The Yen will soon ascend to its previous peak of level 151.61 as it continues to soar. The Yen is rising as it approaches its high of level […]
The euro kicks off the week on a high note as it gains strength, thanks to the recent remarks made by Federal Reserve Chair Jerome Powell that have led to a revision in interest rate expectations towards a more dovish stance. This shift in sentiment has diminished the likelihood of a 25 basis point rate […]
