Market Analysis – May 23 USOil continues to reflect a bearish outlook driven by both technical indicators and structural market weakness. Technically, the asset displays persistent downward pressure, with the price trading below the 9-day Simple Moving Average (SMA) at $61.90. This placement highlights sustained short-term bearish momentum. The Moving Average Convergence Divergence (MACD) histogram […]
The EURNZD price remains in an ascending channel.The bulls are still dominating the market. EURNZD Weekly Price Analysis – May 23 The EURNZD pair is gaining traction and remains in an ascending channel, confirming the bulls’ dominance. However, the Yen price could rise as buyers remain dominant, propelling the market value to the overhead resistance. […]
Market Analysis – May 22 GBPJPY experienced an impulsive bearish displacement in August 2023, driving the price down to the support level of 180.530. Since then, the market has shifted into a prolonged corrective phase, characterized by intermittent and short-lived trends. GBPJPY Key Levels Demand Levels: 194.790, 198.200, 206.160 Supply Levels: 188.880, 184.360, 180.530 GBPJPY Long-Term Trend: […]
Market Analysis – May 22 Gold (XAUUSD) continues to exhibit strong bullish momentum with the potential to break above the $3,300 resistance level. Technical indicators on the daily chart support a bullish outlook. The 9-day Simple Moving Average (SMA) is trending upward and acting as dynamic support. The price is currently trading around $3,310, above […]
The Curve (CRV) token has maintained solid momentum, emerging as the second most profitable token for the second consecutive day. At the time of reporting, the coin has gained 11.47%. Price activity on the token’s daily chart remains well-positioned, hinting at the potential for further gains. Curve Statistics Current Price: $0.8063 Market Capitalization: $1.06B Circulating […]
Market Analysis – May 21 AUDJPY has staged a bullish reversal at the key support level of 87.240. Buyer activity has intensified, and a significant bullish break of structure has now been confirmed, suggesting a shift in market sentiment. AUDJPY Key Levels Demand Levels: 87.240, 84.260, 80.000 Supply Levels: 99.200, 108.960, 110.000 AUDJPY Long-Term Trend: […]
FTSE 100 Analysis – May 21 FTSE 100 signals a late-stage rally at the key supply level of $8,800. Technical indicators are beginning to highlight signs of exhaustion in the recent upward movement. The 9-period Simple Moving Average (SMA) has been steadily climbing near the $8,630 level, confirming short-term bullish sentiment. However, the 14-day Relative […]
US30 Analysis – May 20 US30 is poised for continued upside as indicators drive momentum. The MACD (Moving Average Convergence Divergence) indicator has transitioned into a bullish regime. The MACD line has risen above the signal line, and the histogram is consistently displaying green bars, indicating strengthening upward momentum. Price action remains firmly above the […]
The forex market shows mixed signals across major crosses: EURGBP, AUDCAD, NZDCHF, EURNZD, and AUDNZD. as buyers and sellers battle for control. Let’s take a look at how the week saw bulls and bears battle for dominance. EURGBP Major Bias : Bearish Price action has entered a cooling phase after sellers successfully breached the 0.84650 […]
