Market Analysis – February 24 GBPUSD faces strong resistance with potential downside risk increasing. The Stochastic Oscillator is currently in the overbought region, indicating that GBPUSD is experiencing exhaustion at higher levels and may soon face a pullback. The SMA (9) is trending upward but is approaching resistance, suggesting that bullish momentum is weakening. Failure […]
NAS100 Analysis – February 23 NAS100 is experiencing a pullback before a potential bullish continuation toward higher levels. Technical indicators suggest this retracement is temporary within a broader uptrend. The price is currently testing the 9-day Simple Moving Average (SMA) at $21,980, a key short-term dynamic support level. The Stochastic Oscillator shows a sharp decline, […]
Market Analysis – February 21 USOil is poised for a bullish reversal as indicators approach the oversold state. The 9-day simple moving average (SMA) is currently at $71.560, with the price dipping below this level, indicating temporary bearish pressure. The Relative Strength Index (RSI) stands at 41.31, nearing oversold territory, suggesting that selling momentum may […]
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Market Analysis – February 25 NZDUSD bulls push higher toward the 0.58000 resistance level. The New Zealand Dollar shows signs of strength as buyers gain momentum, making the price toward the 0.58000 significant level. After months of consolidation, the bulls have broken free, signalling a potential trend reversal in favour of buyers. NZDUSD Key Levels […]
Market Analysis – February 20 Gold (XAUUSD) remains bullish despite undergoing a short-term pullback. The market continues to trade above the 9-period Simple Moving Average (SMA) around $2,920, maintaining its upward trajectory. However, a minor correction could be imminent as the Relative Strength Index (RSI), currently at 68.68, approaches overbought territory. A slight decline in […]
FTSE 100 Analysis – February 19 FTSE 100 is poised for a strong bullish rise toward key resistance levels. The 9-period SMA at $8,750 serves as dynamic support on the FTSE 100 daily chart, displaying robust bullish momentum. The histogram bars are beginning to fade, suggesting a possible brief reversal before the uptrend resumes. However, […]
US30 Analysis – February 18 US30 is currently in a retracement phase with potential bullish continuation after correction. The MACD (Moving Average Convergence Divergence) indicator shows weakening bullish momentum as the histogram declines and the signal lines begin to converge. This hints at a possible shift in direction. The 9-day SMA at $44,570 is currently […]
The forex market remains highly active, with various currency pairs presenting distinct trends and opportunities. This week, AUDNZD and EURNZD exhibit strong bearish sentiment as sellers take control. Meanwhile, NZDCHF and AUDCAD display bullish momentum, indicating potential upward movement. EURGBP, however, continues to struggle with bearish pressure despite brief buyer interference. AUDNZD Major Bias: BearishAUDNZD […]
The GBPAUD market closed in the green on Friday. This seemed to be particularly aided by better-than-expected retail sales. With the S&P Global Manufacturing PMI Flash yet to arrive, price action in the market has already occupied a promising position. As a result, the market may rise further shortly. Key Price Levels: Resistance Levels: 2.0000, […]
