Market Analysis – September 1 USDJPY has continued to push higher since the initiation of the bullish wave at the beginning of the year. A new bullish break of structure has been established on the uptrend to signify the continuity of the price rise. USDJPY Key Levels Demand Levels: 142.120, 141.510, 127.560 Supply Levels: 146.400, […]
Market Analysis – August 31 Gold (XAUUSD) bullish strength persists as key levels break. The market has seen continued strength from buyers as they refuse to relinquish their buying power. This has, however, resulted in a resilient bullish trend. This week, the key level of 1933.670 was broken, reflecting a significant development for the precious […]
Market Analysis August 30 FTSE bulls continue to channel their strength up north. This month, the bulls have been dominant. Therefore, the likelihood of the bullish trend persisting into the next month is high. This week, the market level of 7393.00 has been surpassed due to a bullish expansion. FTSE Important Levels Resistance Levels: 7986.90, […]
In a display of resilience, the British pound continued to exhibit robust performance against the euro on Thursday. This ongoing trend can be attributed to the latest revelations in inflation and growth data, which underscore the growing disparity between the economic situations of the UK and the eurozone. The Eurozone’s inflation remained stagnant at 5.3% […]
In a promising development, the euro made gains against the dollar on Wednesday as new inflation data from Germany and Spain heightened the likelihood of an impending rate hike by the European Central Bank (ECB). Fresh statistics reveal that consumer prices in both of these nations surged beyond projections in August, signaling a growing buildup […]
Market Assessment – August 29 The AUDJPY currency pair has remained entrenched within a consolidation phase, characterized by a persistent inability to breach the crucial support threshold of 92.990, a level that underwent testing back in July. Over the intervening period, a majority of daily candle closures have consistently occurred beneath the Moving Averages spanning […]
Market Analysis – August 29th US 30 buyers remain determined to seek dominance. Buyers in the US 30 market continue to face resistance from sellers. This, as a result, is limiting their ability to cause significant expansion in the market. The bulls need to gather enough strength to potentially change the outcome of price movement. […]
Market Analysis – August 28th GBPUSD bearish pressure slows down at the 1.25980 key level. Sustaining momentum below this level would require a significant push from the sellers. However, the bulls are eager to regain strength and re-enter the market. The overall trend remains positioned for further downside movement. The 1.25980 level is a critical […]
Market Analysis – August 28th Nasdaq 100 bears take a breather, allowing buyers an opportunity to re-enter the market. While the market continues to favor the bears, sellers are putting up a fight against the prevailing trend. The selling pressure intensified after a bullish swing that reached the key level of 15914.00. However, since sellers […]
