The USD/JPY currency pair has shown signs of recovery after selling off in late 2022. In the afternoon of the New York session, USD/JPY rallied more than 0.5%, reaching 134.90, just below the crucial psychological level of 135.00. The DXY index also advanced moderately, maintaining six-week highs. The rally was supported by risk-off sentiment and […]
Market Analysis – February 21 AUDJPY Bulls defended the support level at 91.180 all through the second of the previous year. From June to December, the bears failed to break through the support level after multiple strikes. AUDJPY Key Levels Demand Levels: 91.180, 87.890, 85.920Supply Levels: 95.150, 98.230, 100.00 AUDJPY Long-term Trend: Bullish The market […]
Market Analysis – February 21 NZDUSD has failed to break the 0.6500 supply level. The bearish trendline prompted the bearish displacement at the supply level. NZDUSD Key Levels Supply Levels: 0.6500, 0.7000, 0.7500Demand Levels: 0.6200, 0.5600, 0.5000 NZDUSD Long-term trend: Ranging The significant level of 0.6550 has played multiple demand and supply roles in the […]
Market Analysis- February 20 GBPUSD market is currently trapped between the 1.240 supply level and the 1.190 demand level. The market consolidated within the same key levels as the previous year. GBPUSD Key Levels Resistance Levels: 1.240, 1.310, 1.370Support Levels:1.190, 1.110, 1.080 GBPUSD Long-term Trend: Bullish GBPUSD buyer appears to follow the same pattern as […]
The Nasdaq uptrend has been put to a halt at the 12795.0 supply level. The buyers are exhausted after pushing through multiple resistance zones. US 100 Key Levels Demand Levels: 12071.0, 11311.0, 10665.0Supply Levels: 12795.0, 13638.0, 14400.0 Nasdaq Long-term Trend: Bearish Nasdaq bulls have faced stiff resistance from the 12795.0 resistance level. The demand level […]
Market Analysis -February 16 GBPJPY has formed a rough and inconsistent pattern. From the previous year. The market is currently in a consolidation phase. The symmetrical triangle is preparing the market for a breakout. GBPJPY Key Levels Demand Levels: 156.00, 150.80, 145.00Supply Levels: 160.80, 165.50, 168.00 GBPJPY Long-term Trend: Bullish GBPJPY experienced its last major […]
USD/CAD has been trading with no clear direction over the past month and a half, moving between support at 1.3280 and resistance at 1.3530. However, in recent days, the pair has gained momentum and accelerated to the upside, testing the top of the range but failing to decisively break out. The upcoming sessions could potentially […]
Market Analysis – February 17 USOIL bears have shown stiff resistance after multiple attacks on the significant level at 83.20. The bulls are ascending to strike again. USOIL Key Levels Resistance Levels: 83.20, 89.00, 92.80Support Levels: 70.20, 66.0062.00 USOIL Long-term Trend: Ranging USOil price has failed to soar beyond 83.20. The market has formed higher […]
Market Analysis – February 16 The gold market is currently experiencing a pullback on the daily timeframe. The market is seeking strong support for the continuation of the uptrend. Gold Key Levels Support levels: 1786.0, 1738.0, 1727.0Resistance levels: 1871.0, 1999.0, 2067.0 Gold is currently experiencing buy-side delivery on the market. The previous year saw a […]
