Market Analysis – December 5 USOil remains confined between the resistance zone at 7182.0 and the demand level at 6767.0 on the daily timeframe. The development of lower highs and higher lows has formed a symmetrical triangle, reflecting market indecision and a lack of definitive direction. USOil Key Levels Demand Levels: 6767.0, 6512.0, 6237.0 Supply […]
Market Analysis – December 5 Gold is experiencing a balance of buying and selling pressures, leading to stagnation in price movement. This equilibrium between demand and supply has restricted significant market activity in recent sessions. Gold Key Levels Demand Levels: 2531.0, 2431.0, 2305.0 Supply Levels: 2708.0, 2770.9, 3000.0 Gold Long-Term Trend: Bearish In November, gold […]
Market Analysis – December 5 The FTSE 100 has shown a significant change in market structure, shifting from a bearish to a bullish trend after breaking a longstanding bearish trendline in November. The index recently touched a key supply zone and is now undergoing a pullback, potentially building momentum for continued bullish movement. FTSE 100 […]
Market Analysis – December 5 The US 30 index has seen a notable reduction in its average daily range since completing its bullish expansion from 43,450.0. Recent price movements have been characterized by sideways trading and smaller daily candles, signaling an accumulation phase. Historically, such phases often precede sharp market expansions. US 30 Key Levels […]
Market Analysis – December 5 USDJPY shifted to bearish after the price struck the resistance zone at 156.0540. The subsequent price decline has paused as the pair tests a bullish order block near the 150.2060 level. USDJPY Key Levels Demand Levels: 140.250, 137.420, 130.630 Supply Levels: 156.050, 160.260, 163.350 USDJPY Long-term Trend: Bearish The previous […]
Market Analysis – December 6 AUDJPY bears have seized control after a prolonged struggle in October and early November. During this time, the price moved sideways, reflecting market indecision and hesitation. However, the trend has now shifted heavily bearish, signaling a clear sell-side opportunity for traders. The recent price action showcases a decisive shift in […]
Market Analysis – December 5 EURCHF breached the demand level at 0.93480 due to sustained selling pressure. After this breakout, the price pulled back to retest the level, a move often seen as a confirmation of a change in structure. Since then, the price action has stalled, failing to establish a decisive movement either below […]
Further Price declination is possible USDCHF Price Analysis – 06 December The price can rise above $0.89 and get closer to the $0.90 barrier levels if the purchasing momentum can hold above the $0.88 resistance level. Sellers can push the price below $0.87 and into the $0.86 and $0.85 regions if they apply enough pressure. […]
EUR/JPY Significant Levels Resistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00 and 154.00EUR/JPY Price Long-term Trend: Bearish The EUR/JPY currency pair has been declining but encountered a hurdle at level 154.00. The pair broke below the moving average lines, reaching a low of 156.38. The currency pair is likely to continue its drop below […]
