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 […]
The latest release of UK inflation figures is eagerly anticipated, as it holds the key to the future strength of the British pound in the coming days and weeks. Market analysts are predicting a significant drop in headline price pressures for April, largely attributed to the winding down of elevated energy prices. If the forecast […]
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Market Analysis – May 14 Gold has reached its all-time high again after the change in market direction in 1612.0. The months of October until the current time were used to produce a buy-side delivery of the bearish swing from 2068.0 to 1612.0. Gold Major Levels Resistance Levels: 2068.0, 2043.0 Support Levels: 1978.0 1612.0 Gold […]
The Australian dollar experienced a bit of a stumble as the latest jobs report fell short of expectations, resulting in an uptick in the unemployment rate. This unexpected turn of events might provide some respite from soaring prices and could potentially dissuade the Reserve Bank of Australia (RBA) from considering an interest rate hike in […]
Inflation in the euro area just can’t seem to shake off its stickiness, making headlines once again with the finalized data for April. The numbers revealed a slight uptick in the headline print compared to the same period last year. However, when we removed the more volatile price items like food and fuel to get […]
Market Analysis – May 16 US 30 appears to be guided by a resistance trend line on the daily chart. The daily candles have fallen below the Moving Average in Period 9 to signify a price decline. A bearish breakoff structure has played out successfully on the daily chart. As the market keeps repelling from […]
