Market Analysis – November 28 The FTSE 100 recently broke below both minor and major support levels at 8200.0 and 8145.0 on the daily chart. However, the bearish momentum lost steam before reaching the next support at 7918.0. Instead, the price has reversed course, climbing back to the previous resistance zone at 8318.0. FTSE 100 […]
Bulls are capable of applying more pressure SPONGE Price Analysis – 28 November If the resistance level of $0.000196 is broken higher, Sponge levels of $0.000330 and $0.000402 might be attempted. Bear support levels are located at $0.000136. If the resistance level of $0.000196 holds, there may be additional negative action if the bears push […]
Market Analysis – November 28 USDJPY encountered significant resistance after reaching a well-defined bearish order block in November. This interaction marked a decisive turning point, shifting the market’s momentum and initiating a downward movement. The price is now progressively approaching a critical bullish order block situated at 150.00, a level that could either act as […]
PONGE may continue to rise If the resistance level of $0.000196 is broken higher, SPONGEUSDT levels of $0.000330 and $0.000402 might be attempted. Bear support levels are located at $0.000136. If the resistance level of $0.000196 holds, there may be additional negative action if the bears push at $0.000081 and $0.000006. SPONGE/USDT Market Key levels: […]
Market Analysis – Nov 26 US 30 retraced after reaching a swing high at 44,469.0, pulling back to equilibrium at 50% of the previous bullish displacement range before resuming its uptrend. This movement has led to a new bullish Break of Structure (BOS) and an all-time high. US 30 Key Levels Demand Levels: 42,000.0, 40,915.0, […]
Market Analysis – November 27 AUDJPY bulls have faced persistent resistance at the 100.370 bearish order block. The bullish trendline, anticipated to support a breakthrough, has failed to hold. The price now signals the potential for a deeper decline, breaking the prior bullish structure. AUDJPY Key Levels Demand Levels: 95.460, 93.740, 89.990 Supply Levels: 100.380, […]
Market Analysis – November 27 EURCHF broke below the key support level at 0.93390, confirming its bearish trajectory. After the breakout, the price briefly retraced upward, filling a volume imbalance at 0.93480. This retracement, positioned just above the previous support, was short-lived. The bearish momentum swiftly resumed, and the price began its downward slide once […]
Market Analysis – November 26 GBPUSD has broken below the 1.26110 support level and is now targeting the next demand zone. A retest of the breached level attracted more sellers, reinforcing the bearish momentum. GBPUSD Key Levels Demand: 1.28680, 1.26110, 1.23210Supply: 1.30450, 1.34080, 1.36000 GBPUSD Long-Term Trend: Bearish GBPUSD buyers initially defended the 1.28680 support […]
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: Bearish The EUR/JPY currency pair has fallen and may continue to tumble to level 156.00. The pair has been on an upward trend since September 17. The bullish momentum broke above the moving average lines, rallying to […]
