Monthly Archives: December, 2024
Brent Oil Price Posts Intraday Gains, Faces Potential Bearish Pressure: Forecast for December 10, 2024
Jennifer -
Brent oil prices continued their upward movement yesterday, surpassing the $72.06 level and reaching the $73.00 barrier. However, the 50-period Exponential Moving Average (EMA50)...
Ethereum Price (ETH/USD) Begins Bearish Correction: Forecast for December 10, 2024
Jennifer -
Ethereum (ETH/USD) experienced significant downward pressure on the evening of December 9, breaking below the support line of its bullish channel. This marks the...
GBP/JPY Resumes Upward Momentum, Eyeing Key Resistance Levels: Forecast for December 10, 2024
Jennifer -
The GBP/JPY currency pair has continued its bullish correction, supported by the 38.2% Fibonacci retracement level at 190.70. This support, along with positive momentum...
EUR/JPY Breaks Resistance, Signals Bullish Trend: Forecast for December 10, 2024
Jennifer -
The EUR/JPY currency pair has resumed an upward trajectory, breaking through the resistance level at 159.05. This move has propelled the pair toward 160.00,...
EUR/CHF Remains in Bearish Territory: Forecast for December 10, 2024
Jennifer -
The EUR/CHF currency pair continues to exhibit bearish momentum, maintaining its position below the main downward channel's resistance level of 0.9305. This trend suggests...
EURJPY Faces Resistance and Declines – Forecast for 09 December 2024
Jennifer -
The EURJPY pair reached its correctional positive target at 159.57 last Friday, but faced strong resistance at this level, resulting in a reversal and...
GBPJPY Continues Negative Trend – Forecast for 09 December 2024
Jennifer -
The GBPJPY pair has confirmed its bearish bias with consecutive negative closes below the key resistance at 192.80, along with additional resistance at 192.00....
Platinum Price Begins Decline – Forecast for 09 December 2024
Jennifer -
Platinum prices have begun to decline, influenced by negative factors such as persistent stability below the $950.00 resistance level and bearish momentum indicated by...
Copper Price Faces Negative Momentum – Forecast for 09 December 2024
Jennifer -
Copper prices have started to exhibit negative momentum, maintaining stability below the $4.2000 resistance level. This reinforces the likelihood of further downward movement, in...
AUDUSD Price Forecast Update – 09 December 2024
Jennifer -
The AUDUSD pair is showing strong upward momentum, heading towards a critical resistance level at $0.6470. As noted earlier, for the bearish outlook to...
NZDUSD Price Forecast Update – 09 December 2024
Jennifer -
The NZDUSD pair is currently trading with noticeable upward momentum, approaching a critical resistance level at $0.5870. To maintain the expected bearish trend for...
Bitcoin Price (BTCUSD) Forecast Update – 09 December 2024
Jennifer -
Bitcoin (BTCUSD) has been trading sideways since the morning, recently testing a crucial support level at $98,330. As noted earlier, a breakdown below this...
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