Market Analysis – January 17 GBPUSD is currently undergoing a downward trend, continuing to display a series of impulsive and corrective phases. The latest impulsive movement has resulted in a significant 3.79 percent displacement, further aligning with the prevailing bearish trend. GBPUSD Key Levels Demand Zones: 1.20370, 1.18020, 1.11420Supply Zones: 1.25070, 1.28110, 1.34340 GBPUSD Long-Term […]
Both the UK and Australia are striving to achieve economic stability. However, Australia appears to have recorded more notable GDP growth. The UK has seen a GDP growth of only 0.1%, while Australia achieved a growth of 0.3%. This disparity has caused the GBPAUD market to trend downward, as the AUD has gained momentum in […]
Market Analysis – January 15 The US 30 index has decisively broken the bullish trendline that supported its rise from the 38523.0 demand level to the 44873.0 supply zone. Following this break, the market has retested the trendline, reinforcing the momentum of the ongoing price reversal. This retest confirms the invalidation of the bullish structure […]
Market Analysis – January 16 The EUR/CHF currency pair has demonstrated a dynamic shift in market behaviour since its major high in late May 2024. The pair then experienced a prolonged bearish trend characterized by a series of lower lows and breaches of key demand zones. This bearish dominance persisted consistently until early November when […]
Market Analysis – January 12 The Nasdaq 100 reached a high of 22,143.0, climbing within an expanding channel. However, a three falling peaks chart pattern has surfaced, indicating potential market weakness and a possible shift in direction. Nasdaq 100 Key Levels Demand Levels: 20,771.0, 20,129.0, 19,079.0Supply Levels: 22,143.0, 23,000.0, 24,000.0 Nasdaq 100 Long-Term Trend: Bearish […]
Market Analysis – January 13 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade has successfully transitioned the major resistance level of 156.050 into strong support, solidifying its bullish momentum. Following this breakout, the pair continues its upward trajectory, buoyed by this critical level. USDJPY […]
Market Analysis – January 13 The FTSE 100 has shown increased dynamism as the market range widens on the daily chart. Support at 8022.0 and resistance at 8396.0 have demonstrated remarkable sensitivity, leading to reversals with each test. This behavior creates opportunities for trend-based trading on lower timeframes. FTSE100 Key Levels Resistance Levels: $8372.0, $8474.0Support […]
Market Analysis – January 10th USOil buyers are building momentum as the market approaches the critical $75.000 resistance zone. After a bullish breakout in December, buyers have maintained their push into the new year, indicating the potential for further expansion to new highs. USOil Key Levels Resistance Levels: $75.000, $78.000Support Levels: $71.400, $66.860 USOil Long […]
EUR/JPY Significant Levels Resistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: Ranging The EUR/JPY pair falls below the moving average lines and begins to rise. The currency pair has been producing a string of higher highs and higher lows in the preceding price action. The uptrend stopped after […]
