Market Analysis – September 26 GBPUSD sellers dominate as of now, but opportunities are awaiting buyers soon. GBPUSD finds itself under the firm grip of sellers, with buying strength suppressed. The week commenced with a strong bearish presence, successfully crossing the pivotal 1.22900 key level. However, it’s essential to note that in the world of […]
Market Analysis – September 26 NZDUSD 0.63800 support fails to hold its ground. The market experienced a shift in sentiment after breaching the 0.63800 supply barrier and forming higher highs. However, the price action has turned negative as it continues to make lower lows. NZDUSD Key Levels Demand Levels: 0.60600, 0.57900, 0.55000Supply Levels: 0.63800, 0.65600, […]
The British pound finds itself in a challenging position as the UK economy exhibits signs of deceleration while grappling with persistently high inflation. On September 21, the Bank of England (BoE) made a surprising move by maintaining its interest rate at 5.25%, marking a departure from a series of rate hikes initiated in November 2021. […]
Market Analysis – September 21 USDJPY is steadily rising without any signs of reversal. Since early March 2023, the market has been experiencing a continuous upward trend following a break in its structure. The price of USDJPY is steadily climbing towards the 151.800 level, which has become the target for the bullish trend. USDJPY Key […]
Market Analysis – September 22 EURCHF retests bullish Order-Block on the daily chart. The market trend in EURCHF has been experiencing successive lower lows. The most significant low occured in late September 2022. However, the downward price movement came to an end with a structural break at the 0.98600 level. EURCHF Key Levels Demand Levels: […]
Market Analysis – September 22 AUDJPY seeks liquidity at the 97.650 supply level. AUDJPY has completed its retracement phase, which began in mid-September 2022. It lasted until late March 2023, marking its major low. This break in the structure has shifted the initial bias of the price action to bullish. AUDJPY Key Levels Demand Levels: […]
Market Analysis – September 22 US Oil (WTI) regains bullish sharpness. The bulls have reemerged on the US Oil (WTI) scene with a renewed sense of determination. After a period of consolidation and correction, the price corrected lower and failed to breach the 90.160 key level. The bulls are once again flexing their muscles. […]
Market Analysis – September 22 Gold (XAUUSD) buyers face resistance as they are experiencing downward pressure for the second time this month. The market took a downturn as buyers could not breach the critical 1946.830 key level. This inability to make substantial progress can be traced back to this month when buyers lost their momentum. […]
Market Analysis – September 22 FTSE 100 bulls regain momentum after a bearish encounter. The stock market witnessed a notable shift in sentiment as bears attempted to assert dominance. Before the bearish onslaught, the bulls had maintained their strength. This was particularly evident around the 7231.00 market zone. This period of buy stability persisted despite […]
