Market Analysis – December 14 The NZDUSD pair has broken the 0.58840 support level, descending steadily to the next support at 0.57740. This decline featured a sequence of consecutive bearish candles, reflecting a strong downtrend. The market remains firmly bearish, with the potential for further price dips as sellers maintain control. NZDUSD Key Levels Demand […]
Market Analysis – December 15 The Nasdaq 100 index has shown a strong recovery from a significant low of 10,619.40, marking a critical turning point in its price action. This recovery has solidified a bullish long-term trend, with the index consistently breaking resistance levels and transforming them into support zones. Nasdaq 100 Key Levels Demand […]
Sellers are taken over SHIB market Shiba Inu (SHIB) Price Analysis: 15 December The price may be able to overcome the resistance levels of $0.000030 and $0.000033, respectively, if buyers can push the price over the $0.000028 level. The price may fall below $0.000026 and attempt to test the support levels of $0.000023 and $0.000021, […]
Price inclination is envisaged USDCHF Price Analysis – 13 December If the buying momentum can sustain over the $0.89 resistance level, the price can move above $0.90 and approach the $0.91 barrier levels. If sellers exert sufficient pressure, they can drive the price below $0.88 and into the $0.867 and $0.86 ranges Key Levels: Resistance […]
Market Analysis – December 12 Gold experienced a bearish phase in October, resulting in a significant drop below the bullish trendline established in July. However, the bulls have regained momentum, driving the price higher and resuming the overall uptrend. Gold Key Levels Demand Zones: 2531.0, 2431.0, 2305.0 Supply Zones: 2708.0, 2770.9, 3000.0 Gold Long-Term Trend: […]
Market Analysis – December 12 The USOil market is currently experiencing a lack of clear directional momentum, fluctuating within a range defined by the supply zone at 72.430 and the demand zone at 67.190. Within this consolidation phase, the formation of lower highs and equal lows outlines a descending triangle, signaling growing bearish pressure. USOil […]
Market Analysis – December 11 US 30 has undergone consecutive bearish sessions over recent days. Although the broader trend remains bullish, the alignment of successive down-close daily candles indicates the market has entered a corrective phase. US 30 Key Levels Demand Levels: 42,357.0, 43,450.0, 44,864.0 Supply Levels: 45,000.0, 46,000.0, 47,000.0 US 30 Long-Term Trend: Bullish […]
USD/CAD begins Thursday’s Asian session with further declines, trading near 1.4150. This marks the pair’s second consecutive day of losses as it continues to retreat from Wednesday’s high of 1.4194, the loftiest level since April 2020. The Canadian Dollar’s (CAD) strength follows the Bank of Canada’s (BoC) dovish guidance regarding future monetary policy adjustments. BoC’s […]
Market Analysis – December 11 USDJPY encountered strong resistance at 156.0540, prompting a bearish structural shift. This sent the price downward. However, the decline paused at a bullish order block near 150.0000, where buyers regained control, leading to a sharp recovery. USDJPY Key Levels Demand Levels: 140.250, 137.420, 130.630 Supply Levels: 156.050, 160.260, 163.350 USDJPY […]
