Market Analysis – May 19 The EURCHF pair continues to consolidate as neither bulls nor bears establish dominance. On the daily chart, we observe a well-defined symmetrical triangle taking shape, characterised by successively lower highs and higher lows. This tightening price action signals an impending volatility expansion. EURCHF Key Levels Demand Zones: 0.9340, 0.9220, 0.9000 Supply […]
Market Analysis – May 19 The USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade pair continues climbing steadily after bouncing from the 140.280 demand level, showcasing a strong recovery. Buyers have firmly taken control, pushing the price toward the 151.90 resistance zone, which remains […]
The GBPAUD market has maintained a long-term upward trajectory for some time. However, recent fundamental shifts in economic developments have introduced intermittent changes. The latest speculated interest rate reduction appears capable of triggering a potential trend reversal in favor of the bears, as it could prompt a safe-haven move, increasing demand for the Australian dollar […]
The price bar is below the supply level making it capable of dropping further.Sell traders may take their position as desired. EURAUD Weekly Price Analysis – May 18 The EURAUD pair shows a bearish flag and could see more downward forces as the bearish pressure has just begun. The pair may continue with the dumps […]
Market Analysis – May 16 USOil is setting up for a potential breakdown below a critical support zone. The current daily chart indicates a growing bearish momentum, as reflected by the technical indicators. The 9-day simple moving average (SMA) is trending slightly downward and recently acted as dynamic resistance near the $61.80 level. The Stochastic […]
Market Analysis – May 15 Gold (XAUUSD) is showing signs of weakness amid a key technical confluence. The 9-day Simple Moving Average (SMA), currently near $3,300, has been broken to the downside, signaling weakening short-term momentum. The Relative Strength Index (RSI) stands at 48.53, just below the neutral 50 level, suggesting a shift in control […]
The currency pair remains in an upside move.The bulls are still dominating the market at the moment. EURNZD Weekly Price Analysis – May 16 EURNZD price anticipates an increase as it keeps ascending towards the $2.00 upper channel with a bullish sentiment. Meanwhile, the Yen could continue to rise upward if it breaks through the […]
FTSE 100 Analysis – May 14 FTSE 100 displays early signs of a potential bearish reversal. The 9-day Simple Moving Average (SMA), currently positioned around $8,570, acts as dynamic support, though the price appears to be losing momentum above it. The Relative Strength Index (RSI) is trending just below the 61 mark, indicating weakening bullish […]
Market Analysis – May 14 EURCHF experienced a sharp decline to the key demand level at 0.92160, driven by strong selling pressure. The rapid sell-off created a notable volume imbalance, underscoring temporary market inefficiency. Subsequent recovery attempts were met with rejection at this imbalance zone, reinforcing its role as a resistance area and suggesting continued […]
