USDCHF Sellers Begin To Show Interest USDCHF bulls are losing momentum near the 0.91450 key level. After a strong rally since December, the bullish drive appears to be fading as the pair trades close to this significant resistance level. This signals a potential shift in market sentiment. USDCHF Key Levels Resistance Levels: 0.91450, 0.92500Support Levels:…
Market Analysis: GBPJPY Experiences Trend Reversals Major Bullish Trendline is Breached GBPJPY since the start of 2024, exhibited a strong bullish trend, with sustained upward momentum propelling prices higher for several months. This rally culminated in a significant peak in early July. However, the pair experienced a sharp bearish reversal following this high, signaling a…
The currency pair is ascending to the upper resistance levels.The bulls remain dominant. AUDJPY Weekly Price Analysis – December 15 The AUDJPY pair ascends to the upper resistance level as it faces increased buying pressure. The Yen could continue to rise upward if it breaks up the $109.15 resistance value and the daily candle closes…
EURCHF Buyers Fail To Push Through 0.93210 EURCHF remains under pressure as buyers struggle to sustain momentum, leaving the price hovering below the key 0.93210 level. Despite weeks of consolidation, the pair has failed to make decisive moves, with buyers unable to breach the 0.93260 resistance. EURCHF Key Levels Resistance: 0.93210, 0.93260Support: 0.92020, 0.91500Sellers gained…
Market Analysis: GBPJPY is Poised to Extend its Bearish Trend GBPJPY has experienced a significant bearish shift in market structure, confirmed by a decisive break in late July 2024. This movement featured a sharp bearish candlestick driven by strong selling pressure and minimal retracement. The decline found temporary support at the 182.960 demand zone, prompting…
EURUSD Faces Renewed Bearish Pressure EURUSD buyers are encountering significant resistance at the critical 1.06020 level, as sellers regain momentum and reinforce the bearish trend. The currency pair remains under pressure, with persistent challenges for buyers attempting to reverse the current market dynamics. Despite occasional signs of recovery, the Euro market has weakened steadily after…
Market Analysis: GBPJPY Signals a Possible Bearish Trend as Price Stalls The GBPJPY pair has displayed a robust bullish trend in recent weeks, stemming from a significant reversal off the 185.280 support level. In early August, the bearish momentum encountered strong support at this level, leading to a shift in market sentiment and initiating a…
EURUSD Succumbs to Seller Dominance The EURUSD pair faces consistent bearish pressure around the critical 1.06610 level, entrenched in a downward trend as sellers hold control. This trend is largely driven by a strengthening US dollar amid a risk-off market sentiment and a softening Euro. EURUSD Market Levels: Resistance Levels: 1.08000, 1.07400 Support Levels: 1.06610,…
Market Analysis: GBPJPY Undergoes Bullish Continuation The GBPJPY currency pair has resumed its bullish trend after forming a double bottom pattern, a classic bullish reversal signal. This pattern emerged when the price dropped to the 178.240 level before embarking on a strong upward trajectory, reaching a peak near the 208.310 mark. After this bullish rally,…
The USDJPY rises above the resistance levels and trades in a bullish market zone.Buyers remain dominant and may take positions as desired. USDJPY Weekly Price Analysis – November 8 Currently, the USDJPY pair witnesses a surge as it rises above the resistance levels and remains stable on the positive side. Should the bulls’ pressure break…