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PremiumSymbol - GBPUSD CMP - 1.3525 GBPUSD has been rallying amid a weakening US dollar but is now encountering strong resistance and showing signs of a false breakout suggesting a potential corrective phase ahead. The pair is currently testing a key resistance zone within a distribution phase, with a double top pattern forming on the higher timeframe - a classic...
Symbol - AUDUSD CMP - 0.6530 AUDUSD continues to advance amid persistent uncertainty surrounding the US dollar, which remains in a consolidation phase. The currency pair is approaching a key resistance level at 0.6537 The dollar is currently range-bound due to prevailing market indecision. In contrast, the Australian dollar is gaining strength and appears...
Symbol - XAUUSD CMP - 3324 Gold is currently testing the liquidity zone during the Asian trading session, exhibiting signs of a potential false breakout. While the metal is showing signs of recovery, the broader fundamental backdrop remains uncertain. As of Monday, gold is trading steadily around the 3300 level, supported by a weaker US dollar and cautious...
Symbol - USDCAD USDCAD is staging a recovery supported by the recent strength in the US dollar. A potential return to the prior demand zone could reinforce the bullish case for the pair and present an opportunity to establish long positions. Amid the backdrop of dollar strength, the market appears to be transitioning into a new phase. The pair has ceased making...
Symbol - BTCUSD CMP - 1,05,634 Bitcoin is experiencing a recovery following a liquidity sweep in the 1,00,000 zone. Despite the broader bullish trend, the local technical outlook remains mixed. Bitcoin is currently undergoing a shift in market structure, with a change in character observed around the 1,06,700 level and a breakdown of the bullish structure at...
Symbol - XAUUSD Gold is currently testing the liquidity zone near the 3350 level, exhibiting signs of a potential false breakout above resistance within the prevailing upward trend. A short-term correction may occur before the continuation of the broader bullish movement. The fundamental backdrop in the market remains complex and somewhat contradictory....
Symbol - EURUSD CMP - 1.1431 EURUSD is appreciating amid a weakening US dollar. However, the pair is facing significant resistance and exhibiting signs of a false breakout, which may precede a corrective movement. EURUSD is currently testing a key resistance zone within a distribution phase and displaying characteristics of a potential false breakout. While the...
Symbol - PENDLEUSDT PENDLEUSDT appears to be transitioning from a phase of prolonged consolidation into a potential distribution phase. The coin is currently testing a significant resistance level, the breakout of which could initiate a renewed upward movement. The price is exhibiting strength as it attempts to breach the upper boundary of the recent range. A...
Symbol - EURJPY The EURJPY currency pair is currently testing the upper boundary of its established trading range, indicative of a potential distribution phase. However, this attempt has culminated in a false breakout, with the price subsequently consolidating within the horizontal channel. Amid a weakening US dollar, the Japanese yen is exhibiting relative...
Symbol - XAUUSD CMP - 3327 Gold continues to strengthen, supported by a complex and evolving fundamental landscape. A false breakdown below the 3285 support level has facilitated a move to a new local high at 3365 Despite a weaker US dollar, gold experienced a modest pullback from the 3365 high amid subdued market activity caused by US market holiday. Investor...
Symbol - NZDUSD CMP - 0.6017 NZDUSD rebounds from the ascending support line, initiating a distribution phase toward the liquidity zone situated above 0.6030 A significant resistance zone is observed between 0.6020 and 0.6030, corresponding to a liquidity pool. Should the current distribution pattern persist, the market may reach a state of exhaustion,...
Symbol - USDCHF CMP - 0.8228 NZDCHF continues to weaken in response to the broader decline in the US dollar. The pair is currently testing the lower boundary of its trading range. A confirmed break below this level could pave the way toward the 0.8110 level. USDCHF is exhibiting consolidation behavior, while simultaneously developing within a local descending...
Symbol - XAUUSD Gold is breaking out of its descending price channel and approaching the key area of interest at 3346. A potential false breakout above resistance could prompt a short-term correction before the upward trend resumes. Gold is advancing for the third consecutive session, trading above the 3300 level, supported by a weakening US dollar and...
Symbol - GBPJPY The GBPJPY currency pair is currently exhibiting signs of a localized bearish trend, influenced in part by a broader correction in the US dollar. As a result, the Japanese yen is gaining strength, applying downward pressure on the pair. Price action is retracing back into a key range and encountering significant resistance levels. The pair has...
Symbol - USDJPY USDJPY is approaching a critical support level amid a prevailing local downtrend. Downward pressure on the US dollar continues to intensify, reinforcing the bearish momentum in the pair. The US dollar index has begun to decline, which is mirrored in the weakening of USDJPY. Selling pressure is gaining momentum, and a local downtrend is clearly...
Symbol - XAUUSD CMP - 3247 Gold is currently undergoing a phase of consolidation. The market lacks a decisive catalyst, and given the prevailing uncertainty in the macroeconomic landscape, traders have largely adopted a cautious, wait and watch approach. This period of consolidation may give way to a sharp movement at any time but the direction remains...
Symbol - XAUUSD CMP - 3246 Gold is staging a modest recovery amid ongoing market uncertainty. However, a significant resistance zone lies ahead, which could limit further upside and potentially initiate a reversal. Since the session's open, prices have rebounded slightly following a week-long decline. The current upward momentum is constrained by mixed market...
Symbol - BTCUSDT Bitcoin is consolidating. A symmetrical triangle pattern is forming within the context of a prevailing bullish trend. Based on the current technical setup, it is reasonable to interpret this consolidation as a preparatory phase for a continuation of the upward movement. Fundamental nuances have gradually improved over recent weeks, contributing...