Market Analysis – April 13 Gold Bulls have resiliently burned through all resistance levels above the demand zone of 1612.0. A new launchpad seems to be the final approach to strike 2068.0 Gold Key Levels Supply Levels: 1958.0, 2068.0, 2100Demand Levels: 1688.0, 1804.0, 1693.0 Gold Long-Term Trend: Bullish Ever since the Bullish reversal in November, […]
EUR/USD is the talk of the town as the pair continues to trade above the yearly high of 1.1033 against the US dollar. The bullish move is largely driven by the interest rate differential between the German 10-year bund yield and the US 10-year Treasury yield. In other words, investors are betting on the euro, […]
The Australian dollar had a reason to smile on Thursday as it climbed higher against the US dollar. Data showed that the Australian labor market remained tight, something that could result in higher inflation for a longer period. The unemployment rate stayed low at 3.5% in March, beating the 3.6% expected by economists. This was […]
Buyers’ momentum may increase in Uniswap market Uniswap Price Analysis – 13 April In case there is enough buying pressure and the $6.2 resistance level is breached, the $6.6 and $7.2 levels may also be smashed. The $5.1 and $4.9 price levels will be tested if sellers are able to successfully breach the $5.7 support […]
Market Analysis – April 12 USDCAD sets to expand upward as price hits a rising trendline. On the daily chart, the market has been bullish since August 2022. The beginning of the upward trend also marked the beginning of the rising trendline. Price is likely to respect the rising trendline again as the Relative Strength […]
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Buyers’ momentum is increasing AUDUSD Price Analysis – 12 April AUDUSD may rise over the $0.67, $0.68, and $0.70 resistance levels if buyers are successful in holding the $0.66 support level. When sellers acquire more momentum, the support level of $0.66 may be broken lower, and the price may then fall due to the downward […]
The modest climb seen in the UK pound this Wednesday morning reflects a sense of cautious optimism among investors as they await three significant economic drivers that could shape the currency’s trajectory. US CPI Report: The Main Event The US Consumer Price Index (CPI) report has taken center stage and dominated global market headlines. Analysts […]
Market Analysis – April 9 Nasdaq 100 has been performing brilliantly since the change in market direction in January. Nasdaq 100 has continuously used bullish order blocks as launching pads for ascending towards liquidity regions on the 24-hour chart. Nasdaq 100 Key Levels Resistance Levels: 13703.0, 14382.0, 15000.0Support Levels: 12864.0, 11880.0, 11324.0 Nasdaq 100 Long-Term […]
Market Analysis – April 10 GBPUSD has experienced difficulty rising beyond the resistance level of 1.240. The Buyers are making another daring attempt to break the resistance level. GBPUSD Key Levels Supply Levels: 1.240, 1.310, Demand Levels: 1.190, 1.100, 1.070 GBPUSD Long-Term Trend: Bullish The resistance trendline on the GBPUSD market failed to prevent an […]
