US30 Analysis – March 8 US30 stock is expected to plummet as the resistance level of 34430.00 proves to be too strong. After failing to reach the target of 36000.00, the stock price has plummeted to its support level of 32830.00, with the potential for a further drop to 29280.00. Investors should take note of […]
FTSE 100 Analysis – March 8 FTSE 100 will recover to continue its uptrend movement. The market finally maneuvered its way beyond its consolidation resistance level at 7687.70 and has quickly risen to the next significant level, thus recording its highest-ever level since the origin of the market in late 2017. The price is undulating […]
NAS100 Analysis – March 5 NAS100 bursts out of its bullish flag system, and the market is now set for more upside movements. After a period of restricted movement below the 11835.0 significant level, the buyers get emboldened and challenge the key level, leading to a tenure of bullish expression in the market. By the […]
GBPUSD Analysis – March 6 GBPUSD bearish strength is causing prices to sink. The month of February has shown a descending triangle formation, but the price has been rejected around the 1.19960 and 1.19120 levels. However, the general bullish run may end if the market breaks these levels. Compared to the overall bullish trend, the […]
The dollar is feeling pretty confident these days, thanks to the reassurance of Federal Reserve Chairman Jerome Powell. In his recent testimony before a panel of Congressional lawmakers, Powell pledged to keep the economy strong and tackle inflation head-on. And investors are loving it. Powell made it clear that the Fed is committed to its […]
Market Analysis – February 6 NZDUSD has reacted off a confluence zone of 0.6530. The Bears utilized the opportunity to short the market at the test of the bearish trendline. NZDUSD Key Levels: Supply Levels: 0.6530, 0.6960, 0.7200 Demand Levels: 0.6140, 0.5750, 0.5510 NZDUSD Long-term Trend: Bearish The market turned bullish in September after testing […]
Market Analysis – February 7 The AUDJPY market structure remains bullish since the successful bullish reversal in January. The market has pulled back into a bullish order block, which lies at the 91.180 demand level. AUDJPY Key Levels: Support Levels: 91.180, 87.890, 89.920 Resistant Levels: 95.150, 98.230, 100.00 AUDJPY Long-term Trend: Bullish Several attempts to […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair is in an upward trend with a target of 146.66 in sight. A series of higher highs and higher lows are being made by the price of the Yen. At the level 145.50 high, the recent uptrend […]
Investors are gearing up for a busy week ahead with the focus primarily on the US labor market and Fed Chair Powell. The global financial markets are hoping for a 25-basis point rate hike in March while the hawks are pushing for a 50-basis point move. Market Outlook for the Dollar ets are hoping for […]
