Market Analysis – January 2 Gold prices are currently confined within a narrow range as the resistance level at 2715.0 and the support level at 2600.0 consistently limit price movements. This consolidation phase has restricted directional momentum, resulting in a range-bound market structure. Gold Key Levels Demand Levels: 2600.0, 2531.0, 2431.0Supply Levels: 2715.0, 2790.0, 2900.0 […]
Market Analysis – January 3 USOil dropped below the demand level of 72.430 in September, initiating a prolonged bearish phase. Apart from an impulsive rally in October that temporarily pushed above this level before retracing, the price largely remained suppressed. Recently, USOil has executed a significant breakout above this resistance, suggesting the potential for a […]
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 exchange rate declines to its range above 161.00 after hitting the resistance level at 165.00. Since August 5, 2024, the Yen has been moving in a band between 156.00 and 166.00. The 21-day SMA […]
US Dollar (USD) strength persisted into the start of 2025, with the USD Index gaining over 2.5% in December. This marks the third consecutive month of gains, as the index consolidates just below the 26-month peak of 108.50 reached on December 31. Market participants now await the release of key US economic data, including Initial […]
Market Analysis – January 1 US 30 has recently broken below the major swing low of 43450.0, indicating a potential bearish reversal. The price has now reached the critical demand level of 42357.0, which could serve as a point of recovery for buyers. However, a double break of structure is anticipated to confirm the establishment […]
Market Analysis – December 30 The GBPUSD market has recently formed a microstructure reflecting a complete cycle of buying and selling pressure within the daily timeframe. This activity has temporarily interrupted the ongoing bearish trend. GBPUSD Key Levels Demand Levels: 1.23000, 1.21000, 1.20000Supply Levels: 1.28000, 1.30000, 1.33000 GBPUSD Long-Term Trend: Bearish The long-term outlook for […]
Market Analysis – December 30 The NASDAQ 100 index (NAS100) has retreated after buyers faced exhaustion at the 22,068.40 resistance level. This pullback has brought the price to a significant demand zone at 20,771.00, where it found support. Bulls are now attempting to regain momentum and resume the broader uptrend. Nasdaq 100 Key Levels To […]
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 currency pair has surged above its moving average lines as it faces the 164.00 barrier, reaching a high of 164.63. The pair is gaining while maintaining a sideways trend. The pair is in a […]
Market Analysis – December 27 The USOil market has been in a prolonged consolidation phase, fluctuating between the resistance and support levels around 72.430. During this consolidation, a descending triangle pattern emerged, which eventually led to a bullish breakout. Following the breakout, the market retraced to retest the descending triangle, which has since provided a […]
