Market Analysis – April 12 USDCAD sets to expand upward as price hits a rising trendline. On the daily chart, the market has been bullish since August 2022. The beginning of the upward trend also marked the beginning of the rising trendline. Price is likely to respect the rising trendline again as the Relative Strength […]
Buyers’ momentum is increasing AUDUSD Price Analysis – 12 April AUDUSD may rise over the $0.67, $0.68, and $0.70 resistance levels if buyers are successful in holding the $0.66 support level. When sellers acquire more momentum, the support level of $0.66 may be broken lower, and the price may then fall due to the downward […]
Sellers’ momentum increases in Tron market TRON Price Analysis – 12 April If Tron breaches the $0.066 resistance level the $0.069 and $0.070 resistance levels may be reached and buyers gain further traction. If the sellers’ momentum pushes through the $0.064 support level, the price of Tron could fall to $0.061 and $0.058 levels. Key […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY has broken through the resistance at level 145.00 as it aims for 150.84. Since March 1, the bulls have had trouble breaking through the resistance at level 145.00. On April 10, however, the bulls managed to overcome the […]
Market Analysis – April 11 The EURCHF market continues to respect the resistance trendline anchored on the current year’s high at 1.0090. The bearish trendline has successfully prevented an ascent in EURCHF’s market after multiple tests. EURCHF Key Levels Resistance Levels: 0.9890, 0.9970, 1.0060 Support Levels: 0.9850, 0.9780, 0.9720 EURCHF Long-term Trend: Bearish The EURCHF […]
Buyers’ momentum increases in S&P 500 market S&P 500 Price Analysis – 11 April S&P 500 might break through the $4169 resistance level if buying pressure increases, and further buying could push the price up to the $4276 and $4354 levels. If the $4169 resistance level is held, the price may reverse and fall in […]
Buyers’ momentum increases ADA Price Analysis – 11 April Should buyers be successful in holding the $0.40 support level, Cardano may go over $0.41, $0.44, and $0.46 levels, according to the two exponential moving averages (EMAs). The next levels to be tested are $0.38 and $0.34 if the $0.40 support level is broken lower. ADA/USD […]
Dash 2 Trade buyers have regained control of price action and are attempting to push prices higher. Now, price action seems ready to break up resistance at the $0.03290 mark to reach more elevated price levels. Let’s look more closely at price action in this market. Dash 2 Trade: April 11, 2023 D2T Value: $0.03282 […]
Market Analysis – April 9 NZDUSD has experienced a bearish displacement after testing the supply level of 0.6350. A fair value gap above the key level of 0.6230 shows the sell side’s inefficiency, which can create more shorting opportunities for the Bears. NZDUSD Key Levels Demand Levels: 0.6350, 0.6500, 0.6600 Supply Levels: 0.6230, 0.6090, 0.5770 […]
