The foreign exchange market structure analysis aims to determine the market's current state, which belongs to one of three categories: bullish trend, bearish trend or sideways movement.
Deescalating Middle East tensions, tamed inflation, and a washout in the number of new lows, suggest the bull market has legs in 2025. The demand for electricity is growing exponentially.
15 newsletter. Moreover, “the spot price is still trading above several key support levels, suggesting the bullish market structure remains intact for now,” Glassnode said.