Market Analysis – November 20, 2024 The FTSE 100 has solidified its bearish trajectory after breaking below the minor support level at 8200.0 and the critical support level at 8145.0. Following this significant plunge, the price has retraced to the broken zone, signaling a retest of the former support level, now acting as resistance. FTSE […]
Market Analysis – November 21 The EURCHF pair has confirmed a breakout beneath a symmetrical triangle pattern on the daily chart. This pattern had been forming due to a series of lower highs and equal lows, with the 0.93340 demand level acting as a strong support zone. The recent price action decisively breached this support, […]
Trading is often misunderstood as the constant experimentation with indicators and technical analysis tools. However, this perception is far from reality. Successful traders focus on strategy, discipline, and understanding market behavior rather than endlessly tweaking settings in trading platforms like TradingView. Indicators are tools, not the foundation of trading success. This guide highlights essential principles […]
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Sponge Market Dominate by Buyers If the resistance level of $0.000196 is broken higher, the price levels of $0.000330 and $0.000402 might be attempted. Bears may find support levels at $0.000136 if the resistance level of $0.000196 persists in SPONGEUSDT market. SPONGE/USDT Market Key levels: Resistance levels: $0.000196, $0.000330, $0.000402 Support levels: $0.000136, $0.000081, $0.000006 […]
Market Analysis – November 20 The US 30 has sustained its bullish momentum within a clearly defined parallel channel since the second quarter. The channel’s boundaries have proven highly reactive, with price action consistently respecting both resistance and support levels. Recently, the price breached the resistance boundary, only to reverse and fall back into the […]
Bears effort cause AUDUSD market to fall AUDUSD Price Analysis – 20 November If customers are driven enough to surpass the $0.64 barrier, they could be able to reduce the price to about $0.63 or even $0.62. If buyers are successful in pushing the price above the $0.65 resistance level, prices may rise to the […]
Market Analysis – November 20 AUDJPY appeared poised for a bearish reversal as it dipped below the recently surpassed supply level of **100.3870**. However, the bullish trendline emerged as a critical support level, rekindling buyers’ hopes for a continuation of the uptrend. AUDJPY Key Levels Demand Levels: 95.460, 93.740, 89.990 Supply Levels: 102.910, 104.640, 108.240 […]
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 declines below the moving average lines but remains above level 162.60. The slide was halted by the 50-day SMA. The 21-day SMA resistance has slowed the upward momentum. Currently, the Yen will […]
Market Analysis – November 18 GBPUSD has recently fallen below the 1.30410 demand level, descending to a new support zone at 1.26200. This support zone aligns with a bullish trendline, potentially acting as a buffer against further downside pressure in the ongoing bearish trend. GBPUSD Key Levels Demand Levels: 1.26200, 1.23330, 1.21000 Supply Levels: 1.30420, […]
