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 […]
Market Analysis – April 24 FTSE100 price action on the daily chart since November is discernable with a parrel channel. The price fluctuation has shown a high level of sensitivity at the borders and center of the parallel channel. Though the FTSE ascent doesn’t feature neat significant highs, the swing lows are well assembled on […]
Market Analysis – April 23rd GBPUSD market has recently undergone a notable shift towards bearish sentiment ,following a sustained period of upward price movement. This shift in market dynamics unfolded following a pivotal moment in September, characterized by the demand level of 1.2000, which emerged as a crucial turning point. Here, market participants witnessed the […]
Market Analysis – April 24 The US30 market concluded April with a notable occurrence of the double-top bearish reversal chart pattern. Concurrently, the Stochastic indicator signaled shorts as it reached an overbought condition. Additionally, the crossover of the Simple Moving Average (Periods 9 and 21) above the daily candles substantiated the anticipation of a price […]
