Market Analysis – February 5 GBPJPY is currently moving to and fro within the same key levels. The market is stuck between the 160.80 resistance level and the 156.50 support level. GBPJPY key levels Supply Levels: 160.80, 165.50, 168.00 Demand Level: 156.00, 150.00, 146.90 GBPJPY Long-term Trend: Ranging The GBPJPY market is showing a second […]
Market Analysis – February 2 The USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade descent has been well organized on the daily timeframe. Each lower high has prompted new bearish displacements from 150.00 to 127.50. USDJPY – Guide, Tips & Insights | Learn 2 […]
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 trading in a bullish trend as it faces rejection at level 142.84. The Yen has broken through the resistance at level 142.00, although the positive impetus was short-lived. Since December 28, the resistance at levels 142.00 […]
As of today, MIOTA price has moved up by roughly 8%. And by the looks of its price action, it appears that more price increases may be experienced today in this market. MIOTA Analysis Data: IOTAj value now: $0.2523 IOTA market cap: $684.45 million MIOTA moving supply: 2.78 billion MIOTA Total Supply: 2.78 million IOTA […]
Following the US Federal Reserve’s (Fed) announcement of its monetary policy decision last Wednesday, the EUR/USD pair increased to its highest level since late April last Thursday, touching 1.1034. Prior to the European Central Bank’s (ECB) decision early on Thursday, financial markets had no time to recuperate, which ultimately caused the euro to decline. EUR/USD […]
Market Analysis – February 1st USDCAD market structure remains bearish since the trend reversal at 1.390. The market is descending in a parallel channel on the daily chart. USDCAD Key Levels Resistance Level: 1.3200, 1.3900, 1.4200 Support Level: 1.2900, 1.2700, 1.2500 USDCAD Long-term Trend: Bearish The bullish trendline aided the bulls’ engagement to fill buy […]
Market Analysis – January 31 Dow Jones has recovered from the bearish plague of 2022. The major resistance trendline has been invalidated as the price of Us 30 keeps rising. Dow Jones Key Levels Resistance Levels: 34209.0, 35551.0, 37007.0Support Levels: 37251.0, 31718.0, 30171.0 Dow Jones Long-term Trend: Bullish The bearish plague of 2022 has finally […]
Market Analysis – January 30 GBPUSD is set for a breakout as the price action narrows down to a point. Higher lows and lower highs reveal the contention in the market. GBPUSD Significant Zones Demand Zones: 1.190, 1.110, 1.070Supply Zones: 1.240, 1.310, 1.370 GBPUSD Long-term Trend: Bullish The GBPUSD market experienced a market crash all […]
Market Analysis – February 2 Gold is currently displaying buy-side delivery in the market. After a long period of downward motion, the market has broken the 1886.0 demand level. XAUUSD Key levels Resistance Levels: 1886.0 1997.0, 2076.0Support Levels: 1586.0, 1621.0, 1707.0 Gold long-term trend: Bullish Gold was very bearish for most of the months during […]
