Market Analysis – April 11 US 30 has witnessed a significant drop in the volume of its transactions since the 25th of October, 2022. US 30 has also witnessed long-term consolidation for a space of four months (November to February). The key level of 34381.0 remains unyielding giving way to a rise in the price. […]
Market Analysis – April 12 FTSE 100 Bulls are racing towards the resistance level of 8015.0. The market is approaching the 78.6% retracement level, where a bearish order block lies. FTSE Key Levels Resistance Levels: 7848.0, 7950.0, 8015.0Support Levels: 7288.0, 7120.0, 6782.0 FTSE 100 Long-Term Trend: Bearish FTSE 100 created a swing low on October […]
Market Analysis – April 11 The EURCHF market continues to respect the resistance trendline anchored on the current year’s high at 1.0090. The bearish trendline has successfully prevented an ascent in EURCHF’s market after multiple tests. EURCHF Key Levels Resistance Levels: 0.9890, 0.9970, 1.0060 Support Levels: 0.9850, 0.9780, 0.9720 EURCHF Long-term Trend: Bearish The EURCHF […]
On Tuesday, the dollar fell by 0.36% to 102.08 against a basket of currencies as investors remained cautious ahead of the release of the Consumer Price Index (CPI) data. This data is expected to reveal a 0.2% rise in headline inflation in March, while core inflation is predicted to rise by 0.4%. Investors are hoping […]
Market Analysis – April 9 NZDUSD has experienced a bearish displacement after testing the supply level of 0.6350. A fair value gap above the key level of 0.6230 shows the sell side’s inefficiency, which can create more shorting opportunities for the Bears. NZDUSD Key Levels Demand Levels: 0.6350, 0.6500, 0.6600 Supply Levels: 0.6230, 0.6090, 0.5770 […]
USOil Analysis – April 9 USOil Flips Bullish As Price Invalidates $81.00 Previous High. Since the emergence of the downtrend in March 2022, the market has been typically bearish. However, the bulls seem to be in control of the market now as the previous high of $81.00 gets invalidated. USOil Significant Zones Demand Zones: $72.50, […]
The EUR/USD currency pair held steady at 1.0900 on Friday following the release of mixed US jobs data. The euro (EUR) has had a decent week, with gains of 0.61%, but it failed to reclaim the 1.1000 level. The US Department of Labor released March’s job report, which showed that payrolls rose by 236K, slightly […]
Bears’ momentum may increase in USDCHF market USDCHF Price Analysis – 07 April The $0.90 barrier level may be breached if buyers apply enough pressure, and the upward trend may continue to the $0.91 and $0.92 levels. If sellers maintain their pressure and hold the $0.90 resistance level, the price may breach the $0.89 support […]
Sellers may continue to dominate Binance Coin market BNBUSD Price Analysis – 07 April Should sellers gain further momentum, Binance Coin might surpass its most recent lows of $300 and $286 and eventually close on the psychological level of $276. If buyers hold off against the $300 support level, the $314 resistance level can be […]
