The recent economic developments surrounding the GBPAUD pair appear to have favored the bulls, pushing prices higher throughout the week. Although the market ended the week with a red candlestick, the broader uptrend remains firmly intact at the time of writing. Key Price Levels Resistance Levels: 2.1000, 2.2000, 2.3000 Support Levels: 2.0000, 1.9500, 1.9000 GBPAUD […]
The EURAUD price might experience a bullish reversal.The pair could change direction to the upside. EURAUD Weekly Price Analysis – May 25 The EURNZD price looks for a bullish reversal as the current selling pressure may end soon and the coin price could be ready for an upward movement. This reversal pattern could assist buyers […]
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 Yen hit a high of 165.22 and then moved sideways above 161.50.The currency pair has been trading above the moving average lines but below the barrier at level 164.00. Buyers tried more than three times […]
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: […]
