Market Analysis – November 1 USOil index remains in a long-term bearish trend, with a downward-sloping trendline defining the daily chart. Since 2023, the key demand zone at 67.970 has held firm, forming a descending triangle pattern. Recent price action saw a gap into this zone, prompting a bounce off the demand level as the […]
Market Analysis – October 30 The Gold market is very bullish during this season. The market has reached a new all-time high at 2790.0. The market structure is well aligned within a bullish wedge. The price action seems to show a continuing uptrend even within the high volatility. Gold key levels Demand Levels: 2673.0, 2531.0, […]
Market Analysis – November 1 USDJPY has surged back to a key resistance area. The last swing high formed around 147.050, marking the end of a recent downtrend and establishing initial resistance. The subsequent breakout through this level signaled a bullish shift. However, buyers now face a challenge as a bearish order block at 152.990 […]
Market Analysis – November 1 The AUDJPY bulls are struggling to break past resistance. The key resistance at 100.380 has halted bullish progress, resulting in a sideways price movement. This range reflects a strong contest between bulls and bears, each holding firm. AUDJPY Key Levels Demand Levels: 95.460, 93.740, 89.990 Supply Levels: 100.380, 102.680, 104.640 […]
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: Bullish The EUR/JPY currency pair is steadily rising above the resistance at level 166.00. Since October 27, the increasing trend has stalled at level 166.00, causing it to fluctuate below the recent high. On October 30, the […]
US Dollar momentum turned softer in Wednesday’s European session following a notable drop in the JOLTS Job Openings report, which signaled the weakest labor demand in over three years. This data release lowered US Treasury yields, intensifying negative pressure on the US Dollar. The Federal Reserve’s (Fed) upcoming policy decision looms, with Friday’s Nonfarm Payrolls […]
Market Analysis – October 30 The US 30 market is currently experiencing a retracement phase, where the recent price ascent has paused for a pullback. The market has dipped into the 78.6% Fibonacci retracement level, putting the price in an optimal zone for a potential bullish resumption. US 30 Key Levels Demand Levels: 42320.0, 42201.0, […]
Market Analysis – October 29 The FTSE 100 market remains in consolidation, with price contained below the supply zone at 8406.0. Since completing its impulsive phase in May, the index has failed to establish a new trend, signaling indecision and a prolonged range-bound environment. FTSE Key Levels Demand Levels: 8145.0, 7918.0, 7783.0 Supply Levels: 8318.0, […]
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Sellers hold onto AUDUSD market AUDUSD Price Analysis – 30 October Customers may be able to lower the price to roughly $0.64 or even $0.63 if they are motivated enough to go over the $0.65 barrier. AUDUSD may increase to the $0.67 and $0.68 resistance levels if buyers are able to push the price over […]
