Market Analysis – AUDJPY Sellers Fight Back as the Price Breaks Back to the 96.620 Key Zone AUDJPY sellers fight back as the price is currently relieved below the 96.620 key zone. The bull market was seen to have made a relapse following its short surge in price. Traders had hoped that the buyers would […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BearishGold declines to the low of $1,660 but sellers threaten to short. Gold is likely to further decline because of the rejection at the 21-day line SMA. Meanwhile, on September 2 downtrend; a retraced candle body tested the 61.8 […]
NZDUSD Analysis – September 18 NZDUSD sellers take partial profits as the price retraces upward. The current market downtrend began in April 2022, after a return to an order block formed on the 17th of November, 2022. The return to the order block caused prices to crash downward with great momentum. NZDUSD Significant Zones Demand […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishDogecoin (DOGE) price is in a downtrend as it holds above $0.056. The cryptocurrency is declining to the previous low of June 13 price levels. On June 13, the bearish trend subsided as the altcoin resumed upward correction. The current downtrend was […]
DeFI Coin Price Forecast: September 16 The DeFi Coin price forecast posits that the DEFC price will press the $0.06970 price level to make an upward rebound. This price retest at the support zone is necessary, as the DEFC seeks to correct upwards. DEFCUSD Long-Term Trend: Bullish (1-Hour Chart) Significant Levels: Supply zone: $0.07950, $0.07380 […]
GBPJPY Analysis – September 16 GBPJPY breaks out after an extended period of ranging through a descending triangle system. The consolidation in the triangle system is a result of a second backlash from the bears. This backlash was triggered when the buyers broke several barriers to rise to 167.810. Since the market was halted at […]
Key Highlights Ethereum faces rejection at the $1,800 resistance zoneETH/USD declines to the low of $1,430 Ethereum ETH) Current StatisticsThe current price: $1,436.63Market Capitalization: $175,724,087,947Trading Volume: $17,441,779,448Major supply zones: $1,800, $2,000, $2,200Major demand zones: $1, 700, $1,500, $1,300 Ethereum (ETH) Price Analysis September 16, 2022 Ethereum’s (ETH) price is in a downtrend as it holds […]
Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BearishGBP/USD is in a downtrend as it faces rejection at level 1.1738. On September 5, the Pound declined above level 1.1443 and resumed consolidation above it. On September 9, the pair makes an upward correction but was […]
USDCAD Analysis – September 14 USDCAD bulls aim to break through the 1.3220 resistance level. Since the beginning of the year, the USDCAD has kept the market bullish. Participants in the USDCAD have been sceptical of determining the market’s bias with much precision as they reluctantly drive USDCAD to the upside. As the 1.3420 attracts […]
