Market Analysis – June 7 US30 continues upward as the price bounces at the demand zone of $38019.0. Notably, on the daily chart, US30 has always been reacting towards the $38019.0 price level. The occurrence of the BOS (Break of Structure) at $40022.0 indicates that the market’s overall trend is bullish. However, the bullish move […]
Market Analysis – June 7 Gold (XAUUSD) market sentiment remains bullish as the bullish trend resumes. The market seems to be heading upward to form a new high above the current all-time high. The current all-time high is at the $2450.10 price level. An invalidation of this swing high by the ongoing bullish trend will […]
Chainlink (LINK) shows resilience amidst massive token transfers as trading volume surges. In a recent development, Whale Alert, a leading blockchain transaction monitoring platform, has reported a substantial movement of LINK tokens. A staggering 3.7 million LINK tokens, valued at over $53 million, were transferred between undisclosed wallets, sparking speculation within the crypto community. Over […]
Market Analysis – May 2nd The Gold market has taken a decisive turn, marking a significant departure from the protracted tug-of-war between bullish and bearish forces that characterized the trading landscape from November through February. This period was marked by a pattern of fleeting rallies promptly neutralized by retracements, leading to a protracted phase of […]
Market Analysis – May 1st US30 price dipped into the demand level of 37238.0 after reversing with a double top pattern at 39900. A new double to bearish reversal pattern has appeared threatening another price crash. Market Key Levels Demand Levels: 39900.0, 39017.0, 38560.0Supply Levels: 38238.0, 35976.0, 34890.0 US30 Long-Term Trend: Bearish US30 price slumped […]
Market Analysis – April 30 The FTSE100 index has demonstrated noteworthy upward momentum throughout the year, marked by a consistent surge in value since January. Initial market dynamics were characterized by seller dominance, evident in the Bear power indicator exhibiting a red hue below the zero mark during early January, concomitant with a decline in […]
Market Analysis – April 29 Nasdaq has demonstrated substantial gains since the onset of the year, propelled by an upward trajectory within a bullish channel on the twenty-four-hour timeframe. However, April marked a pivotal shift in trend dynamics, resulting in the nullification of the previously established bullish channel. Key Levels for Nasdaq Demand Levels: 16995.0, […]
Market Analysis – April 27 USOil bearish trend halted at the demand level of 72.10. The market experienced a shift in market structure after finding support on the lower Bollinger band. Before the bullish reversal, the Williams Percent Range signaled an ascent in the price in December when it swerved into the oversold region. USOil […]
Market Analysis – April 26th Gold (XAUUSD) market has recently emerged from a prolonged period of subdued activity, marking a notable shift in its dynamics. From November to February, the market experienced a decline in volatility, characterized by sideways movement and diminutive candle sizes on the daily chart. During this phase, volume bars exhibited consistent […]
