Symbol - EURJPY CMP - 161.95 EURJPY is currently exhibiting a false breakdown of resistance, which signals the formation of a reversal pattern near the upper boundary of the descending price channel. Additionally, market pressure, influenced by the correction of the U.S. dollar, is contributing to this development. On the daily chart, the overall structure...
Symbol - OMUSDT CMP - 6.8800 OMUSDT demonstrates greater strength compared to the broader market. Following a significant rally, a corrective phase has formed in the shape of a bearish wedge. Subsequently, the price has broken through resistance and is attempting to establish a consolidation above a key support level. In the context of a generally weak market,...
Symbol - IPUSDT CMP - 5.5500 IPUSDT is currently establishing favorable conditions for potential growth. Bitcoin has provided a modest boost to the market following positive developments regarding the SEC and XRP, a factor that has not gone unnoticed within the crypto community. The IPUSDT coin has experienced an extended period of consolidation, forming a...
Symbol - DEGOUSDT CMP - 1.970 DEGOUSDT attempted to break its prevailing trend but encountered significant resistance and was further impacted by a weak cryptocurrency market. The downward movement may persist. Following the breakout from the descending channel's resistance, a bullish momentum of 45% was established. However, the price faced strong resistance...
Symbol - AUDUSD CMP - 0.6302 AUDUSD pair, supported by a decline in the US dollar, holds significant potential for continued growth. However, given the upcoming NFP release today, Friday, the associated risks are heightened. Currently, the currency pair is establishing a local uptrend, and in conjunction with the weakening dollar, the Australian dollar may...
Symbol - EURAUD The EURAUD pair is currently testing a key resistance level on the weekly chart. A false breakout has occurred following a liquidity sweep, with no apparent continuation of the bullish trend. Additionally, the chart is displaying a familiar pin-bar reversal pattern. After the price exited the consolidation range, which was capped by the 1.6787...
Symbol - NZDJPY CMP - 85.40 NZDJPY currency pair is attempting to reverse its downtrend by breaking through the channel resistance. With the recent strengthening of the U.S. dollar, the pair has strong potential to advance. From a technical perspective, buyers are gaining momentum and providing market support, as evidenced by the rising local lows, which are...
Symbol - BTCUSD CMP - 84540 BTCUSD continues to exhibit a bearish trend after breaking the bullish structure on the weekly timeframe. There are no discernible bullish drivers at present, and from a technical standpoint, the price is poised to approach the imbalance zone between 75K and 73K. Recent events, such as the crypto summit and discussions surrounding...
Symbol - USDJPY CMP - 147.82 Following a significant decline in USDJPY, The price is approaching a strong support zone which is held since July 2024. The fundamental environment has been volatile recently, with a predominant influence from Trump's tariffs & US economic factors. Given the recent price action near support zone 148.00 - 147.00, there is a...
Symbol - QUICKUSDT CMP - 0.0290 QUICKUSDT is currently exhibiting a counter-trend move toward the resistance level within the range of 0.0295, A false breakdown of this key level has occurred amidst the prevailing downtrend. The cryptocurrency market is undergoing a period of significant challenges. While Bitcoin is testing new lows around 77K, altcoins are...
Symbol - XAUUSD CMP - 2913 Gold continues to strengthen amidst escalating economic uncertainties and the aggressive sell-off in the US dollar. The metal is currently encountering resistance at the 2921 level and appears poised for further upward movement. The US dollar has broken its bullish structure following comments from the US Department of the Treasury...
Symbol - GBPUSD CMP - 1.2937 The GBPUSD pair has shown impressive bullish strength recently, continuing its upward move against the US dollar. This strength can be attributed to aggressive sell-off of the US dollar, which has created a favorable environment for the British pound. The pair is currently trading in a critical zone, with consolidation at the 1.2920...
Symbol - XAUUSD CMP - 2907 Gold is currently consolidating and trading sideways within a defined support zone of 2892 and resistance at 2921. The metal is showing no signs of further growth as it remains stuck within this range. While there has been an aggressive sell-off in the US dollar, a typical scenario that would support gold, the precious metal has failed...
Symbol - MPHASIS CMP - 2251 Mphasis, a global provider of Information Technology solutions specializing in cloud and cognitive services, leverages next-generation technology to assist enterprises in transforming their businesses worldwide. Recently, Mphasis has experienced a decline due to selling pressures in Nasdaq and U.S. IT stocks, as well as negative data...
Symbol - BTCUSDT CMP - 86200 Bitcoin is currently in a sell zone. Despite Trump's comments on the Federal Reserve and the recent Crypto Summit, these events have not had a substantial impact on the cryptocurrency market, aside from triggering a global disruption and liquidation. So far, the market has failed to exhibit a clear bullish catalyst. Trump's...
Symbol - USOIL CMP - 66.58 The USOIL has recently experienced a decent correction over the past few weeks, which has provided an opportunity for price consolidation near an important support zone before the potential upward price growth. This correction has allowed the market to stabilize, and the recent price action suggests that the price may show a reversal...
Symbol - NIFTY50 CMP - 22250 The Nifty50 index continues to maintain a negative bias, with the price action suggesting that it remains within bearish trend. This indicates the continuation of the downtrend, though we are currently seeing the index testing key support levels. At the moment, Nifty is trading near the 22200 area, which is a critical support zone....
Symbol - SOLVUSDT CMP - 0.0430 SOLVUSDT is currently consolidating within a neutral range, which has emerged amid an ongoing downtrend. The cryptocurrency market has swiftly retreated following the news from Sunday. Bitcoin has re-entered the selling zone, falling below the 90K level. A continued decline in Bitcoin could exert downward pressure on the broader...