Market Analysis – August 16 The USOil market finds itself at a critical juncture. Price momentum has stalled above a key swing high at $79.00, suggesting potential for continued upward movement. However, as the price ascended into a supply zone marked by a bearish order block, it encountered significant resistance. This resistance has led to […]
EUR/JPY Significant Levels Resistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: Bearish The EUR/JPY pair has hit bearish exhaustion as it recovers above level 154.41. On August 5, bulls bought the dips and resumed their upward correction. The upward corrective encountered resistance at the 21-day SMA. On the […]
Market Analysis – August 14 The USDJPY price decline has paused for the third time in the ongoing bearish swing. This downward movement has almost fully retraced the gains from the uptrend observed in the first half of the year, and currently, no strong indicators are suggesting an imminent reversal. USDJPY Key Levels: Support Level: […]
Market Analysis – August 14 The US 30 index has exhibited a bearish shift in market structure following a drop below the demand level of 39,076. The price is now retracing to a bearish breaker block, which is currently acting as resistance. US 30 Key Levels Demand Levels: 38,388.0, 37,238.0, 36,264.0 Supply Levels: 39,819.0, 40,565.0, […]
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Bulls are ruling world of AUDUSD AUDUSD Price Analysis – 14 August Buyers who are determined enough to break through the $0.66 barrier may be able to push the price up to approximately $0.67 or even $0.68. If sellers are successful in driving the price below the $0.65 support level, AUDUSD may drop to the […]
Market Analysis – August 13 The FTSE 100 index recently encountered a bearish mitigation block following a false breakout above a bullish channel in late July. After this breakout, a retest of the channel in early August led to a new high, but the price subsequently experienced a significant decline. This drop was driven by […]
Market Analysis – August 12 The NASDAQ 100 index, in July, experienced a bearish breakout, initiating the current downward trend visible on the daily chart. Recently, the price tested the demand level at 12,280, leading to a retracement that has pushed it into the premium zone of the bearish displacement. Key Levels for NASDAQ 100 […]
Market Analysis – August 12 GBPUSD market has pulled back into discount levels following its recent bullish movement. This retracement, occurring below equilibrium levels from the last bullish displacement, offers an optimal entry opportunity, particularly as the Stochastic indicator signals an oversold market. GBPUSD Key Levels Demand Levels: 1.2700, 1.2540, 1.2390 Supply Levels: 1.3000, 1.3140, […]
Price pulls back retesting $5414 level S&P 500 Price Analysis – 13 August If the $5343 level holds, the S&P 500 might rise and split into the resistance levels of $5414, $5499, and $5580. The price may challenge the $5260 and $5188 support levels if the $5343 support level is broken. Key Levels: Resistance levels: […]
