The Australian Dollar (AUD) experienced a drop ahead of the weekend as investors reacted to a less-than-expected stimulus package from China. Market participants had eagerly awaited the National People’s Congress (NPC) for a potential boost to the Chinese economy, which would have had a positive ripple effect on assets closely tied to China, such as […]
Market Analysis – November 7 The gold market has entered an uptrend in the third quarter of the year following a prolonged consolidation phase. This upward movement formed a bullish wedge pattern on the daily chart. Recently, however, the wedge pattern broke to the downside, with prices dipping into a bullish order block, signaling a […]
Market Analysis – November 6 The US 30 index has resumed its upward trend with a strong rebound after testing its key bullish trendline. The liquidity around the relative equal lows near the 42,000 level has been tapped, sparking a bullish drive toward the resistance level of 43,330. This shift signals renewed buying interest as […]
Market Analysis – November 5 GBPUSD price has been trending downward since its rejection from the resistance zone at 1.34080. The break below the swing low at 1.30450 confirmed a bearish shift, pushing the pair toward a bullish trendline anchored to previous swing lows. The price has now reached a confluence zone, marked by this […]
Market Analysis – November 4 The Nasdaq 100 index is approaching a key moment as it seeks to set a new all-time high. After the close in September, NAS100 fell short of reaching its previous record high of 20,795.0, pulling back as it searches for support within its ongoing bullish trend. Nasdaq Key Levels Demand […]
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An increase in buyers’ momentum SPONGE (SPONGEUSDT) Price Analysis – 07 November If the $0.000136 level holds, the following targets might be the resistance levels of $0.000145, $0.000253, and $0.000330. If the $0.000136 support level is broken below, the $0.000081 and $0.000006 support levels can be investigated in Sponge market. SPONGEUSDT Market Key levels: Resistance […]
Sellers are dominating Silver market SILVER Price Analysis – 07 November If the price is higher than $31 and a lot of people are purchasing it, it will attempt to move up into the $32–$34 range. The price of silver may drop and test the $29 and $28 support levels if sellers are able to […]
Buyers dominates Uniswap market Uniswap Price Analysis – 07 November If buying pressure returns at $8.28, it may break through resistance levels at $9.5 and test the $10.1 to $11.9 levels. Sellers might attempt to reevaluate the $8.2 and $7.9 levels if they can break through the $8.8 support level. UNI/USD Market Key Levels: Resistance […]
Market Analysis – November 6 The USDCAD market encountered resistance for the second time this year upon reaching the supply zone at 1.39520. Following a pullback to the key level of 1.38190, USDCAD quickly recovered and is now making another attempt to break through this supply zone. USDCAD Key Levels Demand Levels: 1.38190, 1.36170, 1.34410 […]
