Market Analysis – May 5 GBPUSD shows strength as buyers eye higher levels ahead. The 9-day Simple Moving Average (SMA) at $1.33200 is currently acting as dynamic resistance after previously serving as support, while the Relative Strength Index (RSI) at 57.79 remains above the neutral 50 line, signaling that bullish momentum persists. The RSI’s recent […]
Market Analysis – May 6 The NZDUSD pair is showing encouraging signs of a bullish continuation, following a decisive recovery from its recent decline. After plunging to the key demand level at 0.5550, the pair staged a sharp bullish reversal, signalling a renewed buying interest in the market. Although momentum briefly waned after the initial […]
S&P 500 under Bulls’ control S&P 500 Price Analysis – 06 May If the $5590 position holds, the S&P 500 can increase and reach the resistance levels of $5667, $5757, and $5879. If the price breaks through the $5590 support level, it might test the $5500 and $5414 possibilities. Key Levels: Resistance levels: $5667, $5757, […]
Bulls are increasing ADA Price Analysis – 06 May Cardano may attempt testing the resistance scenarios of $0.77 and $0.81 if they are able to keep the price above the $0.74 hedge. If the $0.69 hedge is translated, the $0.64 and $0.50 support options will be taken into account. Key Levels: Resistance levels: $0.74, $0.77. […]
This week, several currency pairs are showing significant technical patterns and momentum shifts. From the bullish surge in AUDNZD to the bearish consolidation in EURNZD, each pair tells a unique story. AUDNZD Major Bias – Bullish The pair continues to exhibit a strong bullish trajectory, pushing confidently towards the 1.08600 resistance zone. Following a decisive […]
Bullish momentum is increasing SPONGEUSDT Price Analysis – 05 May Bullish momentum will accelerate when the price breaks above the $0.000145 resistance level, which is followed by the $0.000196 and $0.000330 barrier levels. Should the bulls continue to exert pressure, the price may surpass $0.000330. SPONGEUSDT Market Key levels: Resistance levels: $0.000145, $0.000196, $0.000330 Support […]
NAS100 Analysis – May 4 NAS100 is poised to extend its rally following confirmation of a bullish breakout. The index is displaying renewed strength after validating a move to the upside. The 9-day Simple Moving Average (SMA) now has a positive slope and is positioned around $19,330, serving as dynamic intraday support. At the same […]
Bulls’ pressure increase in EURUSD market EURUSD Price Analysis – 05 May If buyers can break through the resistance level at $1.15, they might be able to push the price up to the $1.16 and $1.18 barrier levels. Prices may go below the $1.10 and $1.08 support levels if sellers are able to keep the […]
Buyers are surpassing sellers in Polygon market POL (ex-MATIC) Price Analysis – 05 May POL (ex-MATIC) may be able to advance to the $0.28 and $0.32 difficulty levels after overcoming the $0.24 barrier. The market might be able to breach the $0.18 support level and expose itself to the $0.17 and $0.12 levels if sellers […]
