The GBPAUD market hasn’t been in its best shape for a while. Price action has been gradually sliding toward lower levels. The Aussie side of the market has remained quiet, while the pound side seems to be influenced by some speculation. The S&P Global Services PMI Flash came in better than expected at 53, compared […]
EUR/JPY Significant Levels Resistance Levels: 172.00, 174.00, and 176.00Support Levels: 164.00, 162.00, and 160.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY exchange rate hit its all-time high of 173.00. Similarly, on July 8, 2024, the currency pair rose to a high of 173.68 before being repulsed. The moving average lines were breached by the Yen. […]
Market Analysis – July 22 GBPUSD is positioning for a fresh bullish continuation following the completion of a corrective retracement. Both the price structure and momentum indicators are now aligning to support further upward movement. GBPUSD Key Levels Demand Levels: 1.32000, 1.27000, 1.23400Supply Levels: 1.34300, 1.38000, 1.41200 GBPUSD Long-Term Trend: Bullish Since January 2025, GBPUSD […]
Market Analysis – July 24 US30 continues its bullish trajectory following a decisive break from the previous bearish trend. After shifting into an upward movement, price has steadily climbed, surpassing the 43,500 resistance level and now aiming for the 44,830 supply zone. US30 Key Levels Demand Levels: 42200.0, 40800.0, 39200.0Supply Levels: 43500.0, 44830.0, 46500.0 US30 […]
Market Analysis – July 24 The AUDJPY pair has been steadily climbing since June following a significant bearish correction in May. Price action has been contained within a well-defined bullish channel. After recently testing resistance at 97.320 and pulling back, the pair has found support in a confluence zone and appears poised to continue its […]
Market Analysis – July 24 The EURCHF pair has been consolidating since April following a volatile price swing earlier this year. This sideways movement appears to be a correction, with clearly established support and resistance boundaries. The price has recently tested the lower boundary and shows signs of preparing for an upward move. EURCHF Key […]
Market Analysis – July 24 USDCAD recently tested an unmitigated bullish order block formed in September last year, which temporarily paused the price decline and created a bounce. However, the initial optimism for a bullish reversal is quickly diminishing as USDCAD has since formed a failed high, signalling weakening upward momentum. USDCAD Key Levels Demand […]
Market Analysis – July 24 The GBPJPY price decline halted at the demand level of 184.370 in September last year, triggering a bullish rally that peaked at the resistance level of 199.720. However, the price subsequently retreated, returning to the origin of the ascent at 184.370. Currently, the bulls have once again reached the 199.720 supply zone but are struggling to […]
Market Analysis – July 22 NAS100 has shown strong bullish momentum, pushing the price toward the 23,500.00 resistance level. After facing substantial bearish pressure earlier in the year, the index has now transitioned into a bullish phase, characterized by aggressive breakouts and consistent upward movement. NASDAQ Key Levels Demand Levels: 22050.00, 20500.00, 19200.00Supply Levels: 23500.00, […]
