Crude Oil has experienced a bearish breakout from a pennant on the daily chart. The market has retested the lower border after bouncing off the 66.00 support level. Crude Oil Key Levels Demand Levels: 70.20, 66.00, 62.00Supply Levels:83.20, 89.00, 92.80 Crude Oil Long-Term Trend: Bearish Crude Oil formed a giant double-top pattern from September to […]
USD/JPY hits a seven-week low as the US dollar takes a tumble in the currency market. This comes after the Federal Reserve raised interest rates, but with a more cautious commentary about the state of the domestic banking system. It seems that the US financial sector has been dealt a blow with the failure of […]
US30 Analysis – March 20 The US30 market is being repelled at the 32830.0 significant level. The bullishness in the market from late last year was finally curtailed by strong key levels. The resistance was played by the 34430.0 key level, while the market relied on the impermeability of the 32830.0 key level for support. […]
Canada’s beloved loonie has been giving the US dollar a run for its money in recent weeks as it continues to strengthen against its American counterpart. In a surprising twist, this comes as investors are cheering on the Federal Reserve’s signal that it’s about to take a breather in its tightening campaign. The Canadian dollar […]
Market Analysis – March 22 USDCAD Bulls attempted multiple times to soar above the 1.2980 significant level. This led to multiple false breakouts in August 2022. The price successfully launched from 1.2740 when the market was oversold to break 1.2980. USDCAD Significant Levels Resistance Levels: 1.3500, 1.3700, 1.3880 Support Levels: 1.3230. 1.2980, 1.2740 USDCAD Long-term […]
Market Analysis – March 21 The EURCHF market experienced a decline in price from June to September of the previous year. The continuous expectation for a bullish reversal failed until the demand level of 0.9480 was tested. The market has resumed another bearish trend on the higher timeframe. EURCHF Key Levels Demand Levels: 0.9820, 0.9710, […]
Market Analysis – March 22 FTSE 100 has plunged from the 8026.0 supply level to 7317.0 in March. A recovery in the price is likely to abound as the Stochastic indicator begins to rise from the oversold region. FTSE Key Levels Demand Levels: 7313.0, 7016.0, 6829.0Supply Levels: 7675.0, 7862.0, 8026.0 FTSE Long-Term Trend: Bearish FTSE […]
Market Analysis – March 21 AUDJPY experienced a major breakout in the year 2022. Another major breakout has been witnessed on the daily chart this year. The Bears have remained in control of the market since the reversal in September. AUDJPY Key Major Demand Levels: 87.890, 85.920, 83.900 Supply Levels: 91.180, 95.140, 98.230 AUDJPY Long-term […]
NAS100 Analysis – March 19 NAS100 keeps growing stronger after its breakout from its bullish reversal structure. The market had to endure the drop in price after it hit a stumbling block at 12884.0. An exhausted buying base lost its balance, and afterward, we saw the market tumbling downward in a channel better described as […]
