The British pound continues to be pressured by the Australian dollar. This is because the Australian economy has been outperforming its direct counterpart on the Gross Domestic Product (GDP) front. Consequently, this has kept the GBPAUD pair under tremendous pressure. The UK is also witnessing slowing business and consumer confidence, while the Aussies seem a […]
Market Analysis – January 20 GBPUSD indicates strong bearish momentum below key resistance levels. A successful retraction at the breaker block in the premium zone will likely instigate a massive crash. The MACD (Moving Average Convergence Divergence) indicator on the daily chart reflects bearish momentum, as the MACD line is below the signal line, with […]
NAS100 Analysis – January 19 NAS100 exhibits bearish momentum with possible further declines as the price keeps respecting the falling trendline. The Moving Average Convergence Divergence (MACD) indicator signals a bearish outlook, with its line crossing below the signal line and the histogram reflecting negative values, indicating waning market momentum. Additionally, the 9-period and 21-period […]
Market Analysis – January 16 XAUUSD market potential shift to bearish momentum ahead. The XAUUSD chart incorporates the 9-day Simple Moving Average (SMA) and the Relative Strength Index (RSI). The SMA, currently at $2670.0, is positioned below the price level of $2720.0, signaling that the price is overextended and could be due for a reversal. […]
Market Analysis – January 17 USOil retains bullish momentum amid strong technical indicators. The RSI indicator hovers at 64.10, signaling bullish momentum while remaining below overbought conditions, suggesting potential for further upside. The 9-day SMA is positioned at $76.30, supporting the price’s upward movement as WTIUSD trades above it, indicating strong buying pressure. USOil Key […]
Market Analysis – January 17 The FTSE 100 has finally breached the critical supply zone at 8396.0. This level had previously resisted price advances on four separate occasions. The breakout, driven by the Three White Soldiers candlestick pattern, has established a new all-time high at 8491.0, highlighting the index’s bullish momentum. This development has significant […]
The market landscape for AUDNZD, EURNZD, NZDCHF, EURGBP, and AUDCAD reflects dynamic movements amid fluctuating global economic conditions. These currency pairs are exhibiting varying trends, presenting potential opportunities for traders. While a few markets are making solid gains, buyers have largely been in control for some. Below is the market analysis for today. AUDNZDMajor Bias: […]
EUR/JPY Significant Levels Resistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: Ranging The EUR/JPY exchange rate is trending sideways as it may return to the level of 154.74. The currency pair saw an upward correction on January 7, however, it was rebuffed at its peak of 164.54. The […]
Market Analysis – January 17 GBPUSD is currently undergoing a downward trend, continuing to display a series of impulsive and corrective phases. The latest impulsive movement has resulted in a significant 3.79 percent displacement, further aligning with the prevailing bearish trend. GBPUSD Key Levels Demand Zones: 1.20370, 1.18020, 1.11420Supply Zones: 1.25070, 1.28110, 1.34340 GBPUSD Long-Term […]
