Market Analysis – June 14 USDCAD remains within a ranging market as major zones hold. The market has been ranging within the major levels of 1.32260 and 1.39780 since September 2022. Price keeps hitting the upper and lower bands of the BB (Bollinger Bands). The ranging market is a result of the tug-of-war between the […]
Market Analysis-June 15 Gold launched from the demand zone of 1978.0 to create its last swing high at 2070.0. The retracement to the demand level turned out to be a change in market direction as the support level failed to hold. Gold Key Levels Support Zones: 1890.0, 1804.0, 1693.0Resistance Zones: 1978.0, 2043.0, 2070.0 Gold Long-Term […]
Despite the recent downward trend in cryptocurrency prices, research suggests that an increasing number of people are investing in crypto. A study conducted by University of Chicago finance professor Michael Weber reveals that in December 2022, 12% of investors owned cryptocurrencies, a significant increase from the 2% reported in 2018. The Pew Research Center also […]
Market Analysis – June 14 The FTSE 100 index is showing signs of an imminent breakout as it approaches a narrow range of swing highs and lows on the daily chart. Currently hovering around the 7612.0 range, the market is in an accumulation phase, setting the stage for a significant shift in price. FTSE 100 […]
Market Analysis – June 14 EURCHF has witnessed a significant surge in price, surpassing the bearish wedge displayed on the daily chart. This sudden upward movement indicates the commencement of an uptrend. EURCHF Key Levels Support zones: 0.9700, 0.9600, 0.9500 Resistance zones: 0.9800, 0.9850, 0.9900 EURCHF Long-term Trend: Bullish After experiencing multiple rejections at the […]
Market Analysis – June 14 The US 30 index is poised to establish a new yearly high after a relatively weak start to the year. Initially marked by a lack of sufficient volatility, the market experienced a period of consolidation before a bearish trend emerged. US 30 Key Levels Demand Levels: 32722.0, 31718.0, 30248.0Supply Levels: […]
Yield farming serves as the backbone of the DeFi ecosystem, attracting substantial investment and offering lucrative returns. Despite a decrease in the number of DeFi protocols, the sector retains a significant value of $47.3 billion in TVL. Leading the way in yield farming is Ethereum, followed by Tron and Binance Smart Chain. Investment Perspective: Investors […]
Market Analysis- June 12 GBPUSD has recently experienced a shift in market structure, flipping to a bullish direction as it targets the resistance level of 1.2700. The previous resistance level of 1.2600 has been surpassed by the buying pressure from the bulls. GBPUSD Key Levels Demand Levels: 1.2300, 1.2200, 1.2000Supply Levels: 1.2700, 1.2800, 1.2900 GBPUSD […]
Market Analysis – June 15 AUDJPY price is currently displaying a steady upward movement, approaching the 95.50 level. In the months of February and March, the market witnessed a downward movement in price. The current bullish momentum is posing a potential challenge to the resistance level of 95.530. AUDJPY Key Levels Support Levels: 92.750, 87.950, 86.680 Resistance Levels: 95.530, 98.250, 100.000 AUDJPY Long–term Trend: Bullish The market experienced a bullish […]
