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 […]
Market Analysis – Tuesday, April 23 Gold has exhibited remarkable performance throughout the year, with its price showing consistent upward movement. However, recent market dynamics have prompted a dip in its value, prompting a search for support to bolster buying sentiment. Key Levels for Gold: Demand Levels: 2074.30, 1975.80, 1813.50Supply Levels: 2431.30, 2400.00, 2500.00 Long-Term […]
Market Analysis – April 18th USOil sellers pull back as bulls remain shut out. The recent disintegration of the USOil price has sent shockwaves through the industry, as sellers pull back and the bulls find themselves shut out. This sudden shift in market dynamics has left investors and traders on edge, uncertain of what lies […]
Market Analysis – April 17th FTSE100 falls back to the 7787.00 price level. At the moment, the FTSE100 is experiencing a setback, with the price falling back to the 7787.00 level. The sellers are currently attempting to break through this market barrier and push the price even lower. Looking back at the past few days, […]
Market Analysis – April 16th US30 bearish lump slows down. The US30 index has experienced a bearish lump that has slowed down its momentum. The sellers have been met with strong resistance from the buyers, preventing the market from breaching the significant level of 37590.000. This level has acted as a stronghold for the buyers, […]
Market Analysis – April 13th USOil bulls exhibit uncertainty in strength. The bulls in the market are currently exhibiting uncertainty as the oil price faces a slump and sellers cut back to the 85.000 significant level. This uncertainty indicates a potential shift in market dynamics and a battle between buyers and sellers. Traders should closely […]
Market Analysis – April 12th Gold (XAUUSD) buyers plan to continue their hot pursuit. Buyers have been dominating the gold market, driving the price higher and closer to the significant level of 2400.000. Their strong presence and determination indicate a positive market sentiment and confidence in gold as an investment. Gold (XAUUSD) Significant Levels Resistance […]
