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EURCHF Bears Are Leading the Market to a Significant Demand Zone

EURCHF Bears Are Leading the Market to a Significant Demand Zone

Market Analysis- July 12 EURCHF bears are leading the market to a significant demand zone. The downtrend motive wave began its first impulse on April 25, 2018. Currently, the market appears to be following the Elliot Wave theory, with prices moving in fractals. EURCHF Significant Levels Resistance levels: 1.0520, 1.0220Support levels: 0.9780, 0.9650 EURCHF Long-Term […]

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GBP/USD Reaches an Oversold Region as It May Decline to Level 1.1715

GBP/USD Reaches an Oversold Region as It May Decline to Level 1.1715

Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend as it may decline to level 1.1715. The bears have broken below the lower lows of 1.1934 signaling a further downward move. This was a result of rejection at level 1.2400 high. On the upside, […]

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AUDJPY

AUDJPY Price Momentum Ceases As Consolidation Plays Out

AUDJPY Price Analysis- July 11 AUDJPY price momentum ceases as consolidation plays out. The price momentum has been around the 0.00 signal level on the momentum indicator strength. This, however, shows that the market prospect has caused several setbacks. Both prospects have been unwilling to cause a change in the direction of the market’s tendency. […]

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Solana Revisits Its Previous Low as It Faces Rejection at

Solana Revisits Its Previous Low as It Faces Rejection at $39

Solana (SOL) Current StatisticsThe current price: $33.16Market Capitalization: $16,963,445,469Trading Volume: $1,022,717,275Major supply zones: $100, $120, $140Major Demand zones:$60,$40,$20 Solana (SOL) Price Analysis July 12, 2022 Solana’s (SOL) price is in a downward correction as it faces rejection at $39. On July 7 uptrend, the altcoin reached the high of $39 but the bulls failed to […]

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NZDUSD Bears Are Leading the Market Towards a Major Demand Zone

NZDUSD Bears Are Leading the Market Towards a Major Demand Zone

NZDUSD Market Analysis- July 9 NZDUSD bears are leading the market towards a major demand zone. The daily timeframe on NZDUSD has been extremely bearish since the beginning of March 2021. The market has been descending through a creek for a few months now. The market keeps maintaining a trendline across its highs. The current […]

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GBPJPY RESUMES MARKET

GBPJPY Resumes the Market Trend in an Upward Direction

GBPJPY Analysis- July 8 GBPJPY resumes the market trend in an upward direction from the 157.800 demand zone. GBPJPY market had been trending in an upward direction until February 24, 2021, when the bulls drove the price beyond the previous resistance level. After this breakout, prices began to struggle between two major levels in the […]

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