Market Analysis – July 6 Gold has exhibited a bullish ascent over the past week, signaling a short-term uptrend. However, this upward movement is likely a retracement within the context of a higher time frame bearish trend. The ongoing ascent of XAUUSD may soon encounter a pause as it reaches a significant resistance level. XAUUSD […]
Market Analysis – July 5th The FTSE 100 index finds itself under bearish pressure as it continues to face challenges in its attempt to reverse the prevailing downtrend. On June 30th, a bearish break in the market structure occurred, indicating a continuation of the downward movement. Following this break, the market underwent a pullback phase, […]
Market Analysis – July 4th The US 30 index has been engaged in a persistent battle to surpass the significant resistance level of 34400. Despite numerous attempts, it has struggled to sustain a breakthrough, often experiencing false breakouts with temporary spikes above the key zone. Presently, the price is once again positioned near the resistance […]
Market Analysis – July 5 EURCHF exhibits signs of extreme weakness despite a previous bullish market shift observed on June 23rd, characterized by a significant bullish candle. Since the market reversal, the price has struggled to sustain upward momentum. Key Levels for EURCHF: Demand Levels: 0.9680, 0.9740, 0.9640 Supply Levels: 0.9820, 0.9860, 0.9900 Long-term Trend […]
Market Analysis – July 5th The NAS 100 market continues to exhibit a bullish market structure, indicating an optimistic outlook for investors. During April, the market experienced an accumulation phase characterized by sideways movement. Notably, the market formed a bullish triangle pattern during this consolidation period, with a series of higher lows. This pattern suggests […]
S&P 500 price may increase further S&P 500 Price Analysis – 04 July S&P 500 may increase above the $4476 resistance level as buying pressure picks up, and more buying could push the price as high as $4631 and $4723. If the $4476 resistance level is held, the price may reverse and decline in the […]
Market Analysis – July 4 The AUDJPY currency pair demonstrated a period of modest upward movement throughout the months of April and May, displaying gradual price advancements within a parallel channel. Nevertheless, the vigour behind this upward trend gradually diminished, evident in the declining value of the Average Directional Index (ADX). This decline served as […]
Market Analysis – July 4 The NZDUSD currency pair has been exhibiting a pattern of lower highs and higher lows, forming a symmetrical triangle on the price chart. This consolidation pattern suggests that the market is undergoing a period of indecision and is preparing for a potential breakout. NZDUSD Key Levels Demand Levels: 0.6100, 0.5900, […]
GBPUSD Analysis – Price Held Back at 1.26030 GBPUSD sellers lose grip as buyers defend the 1.26030 key level. The pair has been showing strong bullish momentum since March when the bulls broke through the 1.18000 key level. This bullish liquidity propelled the pair forward, pushing past various resistance levels as buyers defended the 1.26030 […]
