The AUDJPY remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 111.00 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 111.00 would confirm ongoing upside momentum, with potential targets at: 113.20 –…
1. Downtrend Still in ControlCardano continues to print lower highs, with each rally being sold into around the 50-day EMA. This confirms the broader trend remains bearish. 2. Consolidation With Downward BiasPrice has been consolidating for several weeks, but within a range that leans lower, suggesting distribution rather than accumulation. 3. Major $0.25 Support Under…
The GBPCAD continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests a short tern oversold bounce, potentially setting up for another move lower if resistance holds. Key Level: 1.8384This zone, previously a consolidation area, now acts as a significant resistance level.A failed test and rejection at 1.8384…
The GBPJPY remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 210.80 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 210.80 would confirm ongoing upside momentum, with potential targets at: 213.30 –…
In early Asian trading, prices rebounded slightly to around 4866 before falling steadily. The Asian session opened lower and continued to decline, with the rebound proving weak. The European session saw an accelerated decline, and the US session continued the weakness as prices searched for a bottom, reaching a low of around 4502. Currently, prices…
From a daily chart perspective, gold prices closed with a large bearish candlestick today, breaking through all previous key support levels. The moving average system shows a standard bearish alignment, with short-term and medium-term moving averages diverging downwards in tandem, fully opening the downward channel with no signs of a bottom. In terms of indicators,…
Our primary view is that Apple is currently in an interim correction that still has some room to the downside but should clearly conclude above the support at $212.94. After that, we expect price to break through the resistance at $288.62 and form a broader high well above that level. That should mark the completion…
BSV – ready for another dump or sneaky reversal? While majors steal the spotlight, BSV has been sliding after recent headlines about tightening scrutiny on older fork projects, and the market clearly lost interest for now. Volume dried up on the way down, then spiked as price stabbed below that big orange demand block on…
The GBPUSD is racing to the upside with the price up nearly 1% on the day. Today it was the Bank of England’s turn. Yesterday was the Fed’s turn, and each central bank led to buying in their respective currencies. Yesterday the USD benefited. Today the GBP is benefiting. In summary, the Bank of England…
The USDJPY is trading lower and is now pressing into a critical technical zone, where the 200-hour moving average and a rising channel trendline converge near 158.88. This area is shaping up to be a key short-term barometer for both buyers and sellers, with price action here likely to dictate the next directional move. The…
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