XAU/USD has been experiencing significant attention from market bulls since the previous session. Consequently, this has caused the pair’s price to recover above the $1,800 price level. And, at this point, we may experience more price increases. Major price Levels: Top Levels: $1,818, $1,840, $1,870 Floor Levels: $1,800, $1,770, $1,740 XAU/USD Looks Ready to […]
EURCHF Analysis: December 12 EURCHF launches from 0.9710 support level towards resistance levels on the daily chart. Mitigation of the bullish order block caused the price to fly from 0.9710. EURCHF Major Levels Demand Levels: 0.9640, 0.9710, 0.9800 Supply Levels: 0.9900, 0.9950, 1.0040 EURCHF Long-term Trend: Bullish The cross of the day Moving Averages (periods […]
On Wednesday, as concerns over sanctions on Russian oil and gas shook the market, the ruble (RUB) fell to its lowest point against the dollar since early May, passing the 70 mark. This brought the month’s losses to roughly 14%. After reaching 70.7550 earlier today, the ruble was down 2.5% versus the dollar as of […]
In the previous trading period, EUR/JPY lost all its gathered profits since late September this year. Nevertheless, in this ongoing session buyers seem to have brought about a recoup of a very small fraction of the incurred losses. Will more recovery be recorded? Let’s further examine the market to that effect. Important price Levels: Resistance […]
AUDJPY Analysis – December 19 AUDJPY continues to respect the bearish channel on the daily chart. Sellers are obviously in control as there is a continuous price decline. AUDJPY Major Levels Demand zones: 91.20, 90.50, 90.00 Support zones: 92.60, 94.00, 95.40 AUDJPY Long-term Trend: Bearish The market took off suddenly as August opened. A prominent […]
Market Analysis – December 19 NZDUSD delivers buy-side motion to mitigate the sell-side delivery of the market. The market was on a downward trend in April. Bears’ selling pressure was obvious with the steep slope of the downtrend. NZDUSD Major Levels Support Levels:0.6200, 0.6000, 0.5600 Resistances levels: 0.7000, 0.6570 0.6450 NZDUSD Long-term trend: Bullish The […]
In an unexpected decision on Tuesday, the Bank of Japan allowed long-term interest rates to climb more, shocking the Japanese yen (JPY) and financial markets and attempting to offset some of the costs of sustained monetary stimulus. following the announcement, the USD/JPY pair slumped to the 130.99 mark, 4.2% lower on the day. This was […]
On December 9th, price action in the US30 market tried breaking the resistance of $34,134. However, this attempt failed, and since then bears took control and the price has been falling steeply till now. Important price Levels: Top Levels: $32,600, $32,650, $32,700 Floor Levels: $32,544, $32,450, $32,400 US30 Tears Down Support at $33,069 About three […]
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 above the moving average lines as it regains bullish momentum. On December 16, after reaching a peak of level 146.59, the pair was rejected. Yesterday, the Yen price fell and the moving average lines were […]
