Market Analysis – June 2 AUDJPY initiated a significant bullish retracement in April after testing the major support level of 86.050. The bearish trend was further threatened by the consistent bullish market structure, which eventually surpassed the last major swing high on the bearish trend. The price has fallen from the resistance zone at 95.320, […]
NAS100 Analysis – June 1 NAS100 rejects a key zone and signals an imminent bearish reversal. The NAS100 daily chart reveals clear bearish indicators from technical analysis. The price has fallen below the 9-day Simple Moving Average (SMA), currently near $21,250, indicating the early stages of a potential trend reversal. The Relative Strength Index (RSI) […]
EUR/JPY Significant Levels Resistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00, and 154.00 EUR/JPY Price Long-term Trend: Ranging The EUR/JPY falls below the lines of the moving average as it faces rejection at 164.00. Although the Yen fell as low as 161.08, the bulls purchased the dips. The pair has surged above the moving […]
The EURAUD price is poised for fresh drops.The bears may take the leading soon. EURAUD Weekly Price Analysis – June 1 Its about time for EURAUD pair to resume fresh drops after updating the bullish momentum. The Yen has completed the bullish race and the new bearish correction is at the corner. Hence, if the […]
Market Analysis – May 30 EURCHF has demonstrated notable resilience as repeated bearish attempts to break below the critical 0.92550 support level continue to fail. Following April’s unsuccessful breakdown attempt, the pair entered a consolidation phase that has formed a clear descending triangle pattern on lower timeframes. This technical formation suggests the market is coiling […]
Market Analysis – May 30 USOil is facing rejection at $61.80 and is signaling a potential downside crash. The daily chart reflects increasing bearish pressure as key technical indicators continue to weaken. The 9-day Simple Moving Average (SMA) at $61.50 is trending flat to slightly lower, acting as dynamic resistance and keeping the price action […]
Here is a week analysis on interesting pairs – EURGBP, AUDCAD, NZDCHF, AUDNZD and EURNZD. The currency pairs yielded positively this week while some went flat as a result of market pressure. AUDCAD Major Bias- Bearish AUDCAD sellers are likely to continue sprinting lower after successfully breaching the 0.88460 key level. Since last week, the […]
Market Analysis – May 30 NZDUSD has experienced difficulty pushing through the resistance level of 0.60270. This has led to multiple rejections at the key level, forming repeated swing highs. The price has returned to an order block for a potential relaunch to the resistance zone. NZDUSD Key Levels Demand Levels: 0.58530, 0.56080, 0.55110 Supply […]
The EURNZD bullish run may increase Further.Buy traders might take the leading in the market soon. EURNZD Weekly Price Analysis – May 30 Amidst the market slump, the EURNZD bullish run may continue to increase further as the market price progresses towards the crucial resistance. If buy traders increase their pressure massively, and all the […]
