Market Analysis – October 24 The Gold price has been on a sustained upward trajectory, transitioning from consolidation (April to July) to a decisive impulsive phase. Currently, XAUUSD has reached 2758.50, indicating a likely pullback with the recent formation of a swing high. Gold Key Levels Demand Zones: 2685.60, 2600.0, 2531.0Supply Zones: 2758.0, 2900.0, 3000.0 […]
Market Analysis – October 28 EURCHF bulls continue to counter declines from the key resistance trendline, with prices adhering closely to this line since early October, leading to the formation of a narrow range. EURCHF Key Levels Demand Levels: 0.93070, 0.92100, 0.80000 Supply Levels: 0.94520, 0.95660, 0.97300 EURCHF Long-term Trend: Bearish EURCHF has been navigating […]
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Buyers’ momentum increase USDCHF Price Analysis – 25 October USDCHF can rise above $0.88 and get closer to the $0.89 barrier levels if the purchasing momentum can hold above the $0.86 resistance level. Sellers can push the price below $0.85 and into the $0.84 and $0.83 regions if they apply enough pressure. Key Levels: Resistance […]
Buyers may exert more pressure BNBUSD Price Analysis: 25 October If buyers can hold onto the $586.5 support level and break above the $606.1 resistance level, they might be able to drive the price to test the $642.3 and $688.3 resistance levels. If BNB can break through the crucial $586.5 barrier, it is anticipated that […]
Market Analysis – October 24 USDJPY continues its bullish trajectory, sustaining robust upside momentum that has propelled it past previous resistance zones. This recent upswing emerged after a reversal from the 140.420 demand zone, a critical level that spurred a bullish wave at the start of the year in January. Now, the pair confronts a […]
Market Analysis – October 23 The FTSE 100 index is currently moving sideways on the daily chart, signaling a lack of clear direction as the price fluctuates between key levels. Recently, the price fell from a significant supply zone within this range, leading to a downward movement. FTSE 100 Key Levels Demand Levels: 8145.0, 7918.0, […]
Market Analysis – October 23 The US 30 index has displayed signs of weakening bullish momentum, with its price steadily declining over recent days. The index retraced from a swing high of 43,313.0 to the key support level of 42,562. This support level aligns with a bullish trendline, creating a significant confluence that could lead […]
Market Analysis – October 24 AUDJPY has successfully established a bullish market structure shift after facing significant resistance at 99.00. The bears posed a challenge, but the bulls have now regained control. They are driving the pair higher, with the next target being the supply zone at 102.680. AUDJPY Key Levels Demand Levels: 95.460, 93.740, […]
Yen has dropped to its weakest level in nearly three months against the US dollar, sparking fresh concerns that Japanese officials may intervene if the currency continues to slide. On Wednesday, the Yen tumbled by as much as 1.4%, hitting 153.19 per dollar, the lowest since July 31. This significant decline pushed the currency pair […]
