Market Analysis – February 28 The AUDJPY daily candles have swerved above the bearish trendline. The market has turned bullish with the double bottom above 87.890. AUDJPY Key Levels Demand Levels: 91.180, 87.890, 85.920 Supply Levels: 95.140, 98.230, 100.000 AUDJPY Long-term Trend: Bullish The market resumed its descent after reaching 95.140. Lower highs and lows […]
Market Analysis – February 26 NZDUSD has turned bearish on the daily timeframe. The third test of the downward trendline has fostered a selloff in the market. NZDUSD Key Zones Demand Zones: 0.620, 0.590, 0.560 Supply Zones: 0.650, 0.670, 0.700 NZDUSD Long-term Trend: Bearish Last year, the NZDUSD market experienced its first major break of […]
Market Analysis -February 25 GBPJPY has broken out of an ascending triangle. The pull of the bearish order block has fostered a price ascent. GBPJPY Key Levels Demand Levels: 156.00, 150.80, 145.00 Supply Levels: 160.80, 165.50, 168.00 GBPJPY Long-term Term: Bearish GBPJPY remained in consolidation for the majority of November. the Moving Averages (periods 9 […]
GBPUSD Analysis – February 27 Sellers have gotten a hold on the GBPUSD market after the price was unable to breach the 1.24467 significant level. A significant drop is immediately seen toward the 1.19964 support level. To further plunge the GBPUSD beyond the support level, the sellers have constrained the price to a ranging movement […]
NAS100 Analysis – February 26 NAS100 is poised to continue its bullish campaign with a bullish flag formation. The market picked up momentum, precisely at the beginning of the year. This led to a strong upward movement from the demand level of 10695.0. The price then faced several key levels head-on, breaching all till it […]
US30 Analysis – February 28 US30 relies on the 32433.0 demand level to keep the price afloat. Since taking off from the 28800.0 support level in mid-October, the market has been high and flying. There was a display of consecutive bullish candles until the price reached the zone of influence of the 32433.0 key level. […]
Market Analysis – February 24 USOil market is currently ranging. A symmetrical triangle is forming on the daily chart. A breakout is anticipated to define the market’s next move. USOil Key Levels Demand Levels: 70.20, 66.00, 62.00Supply Levels: 83.20, 89.00, 92.80 USOil Long-term Trend: Ranging USOil bulls have made multiple attempts to initiate a bullish […]
The Iranian rial has hit rock bottom against the almighty US dollar! Yes, you heard it right. The currency has been on a steady decline, and now it has reached a new low on the unofficial market. What’s causing this downward spiral, you ask? Well, it’s a combination of factors, including Iran’s increasing isolation over […]
Hold on to your sushi, folks, because the USD/JPY market just got a little spicier! The Japanese Yen has weakened slightly against the US dollar as Kazuo Ueda, the incoming governor of the Bank of Japan, hinted at a continuity of monetary policy. Investors around the world are anxiously awaiting Ueda’s official confirmation from Japan’s […]
