Market Analysis – November 2 NZDUSD encounters a significant decline after failing to surpass the 0.70000 level. The market experienced a sharp downpour, reaching a low point at the 0.55400 level. NZDUSD Key Levels Demand Levels: 0.60600, 0.65200, 0.70000 Supply Levels: 0.58500, 0.55400, 0.53600 NZDUSD Long-Term Trend: Bearish The price subsequently started forming lower lows […]
Market Analysis – November 2 GBPUSD struggles to gain ground. The pair is currently experiencing a struggle to gain ground due to various market dynamics. Sellers have faced challenges expressing their influence this week. This is primarily because of a lack of strong bearish momentum. Conversely, buyers also lack the necessary strength to dominate the […]
Market Analysis – October 31 AUDJPY turns bullish as the price successfully surpasses the resistance of the bearish trendline. The resultant effect was that it led to a sudden and significant upward movement. The price is now finding resistance at the 96.950 level. AUDJPY Key Levels Demand Levels: 93.100, 89.800, 86.100Supply Levels: 96.950, 99.000, 100.500 […]
Chainlink (LINK) revolutionizes crypto with decentralized oracles. Chainlink functions as the Google of the cryptocurrency domain, pioneering decentralized oracle networks that connect smart contracts to real-world data. Its adaptability extends across diverse sectors like finance, DeFi, gaming, NFTs, and climate markets. The Chainlink Community Improvement Proposal (CCIP) streamlines data and value transfer and is widely […]
Valkyrie Investments has recently amended its filing for a spot Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), signaling a growing trend in the cryptocurrency industry. The Valkyrie Bitcoin Fund is designed to offer investors an exciting opportunity to invest in common shares backed by Bitcoin, with the ticker symbol “BRRR” […]
The Japanese yen edged closer to a one-year low against the US dollar on Tuesday as the Bank of Japan (BOJ) signaled a subtle shift in its monetary policy. In a move aimed at providing more flexibility in bond yields, the BOJ decided to redefine its 1% yield limit as an adaptable “upper bound” rather […]
Market Analysis – October 31 USDJPY approaches the resistance zone of 151.800. USDJPY experienced a reversal after rejecting the 127.200 level in January. The market structure shift has been bullish after testing the 127.200 demand level. Consequently, this resulted in the formation of higher highs and higher lows, establishing an uptrend. USDJPY Key Levels Demand […]
Market Analysis – October 31 USOil is awaiting clear direction amidst uncertainty about the price trend. The USOil market is currently experiencing a period of indecision. There is also a lack of clear trends as traders grapple with a variety of factors. In recent days, the market has witnessed a reluctance by the bears to […]
Market Analysis – October 31 Gold (XAUUSD) holds back in crossing the 1991.540 key level. XAUUSD has witnessed a pause in its price surge. The market is currently in a state of relaxation, and the key level at 1991.540 is acting as a formidable barrier. This barrier is somehow preventing buyers from advancing further. Let’s […]
