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…
USD inflation interest rates, and economic policy remain a persistent challenge. As 2024 closes, the interplay of these factors is shaping the USD’s trajectory amid a complex macroeconomic environment.This week, the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) Index, is in focus, with expectations that core inflation will remain sticky. Core Consumer…
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,…
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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 Art and Science of Technical Analysis by Adam Grimes Main Themes: Bridging the Gap: The book aims to connect academic market theory with practical technical analysis, leading to profitable trading strategies. Market Randomness: It emphasizes understanding that market movements are largely random, with technical analysis helping to identify and exploit moments of true buying/selling…
Trading Price Action Trends by Al Brooks Main Themes: Profiting from Institutional Trading Trends: The book focuses on identifying and capitalising on trends initiated by institutional traders using technical analysis. Brooks argues that individual traders can “piggyback” on these institutions by understanding their behaviour through price action. Reading Price Charts Bar by Bar: The core…