Market Analysis – May 29 Gold (XAUUSD) is poised for a bullish breakout amid ongoing consolidation and indications of a short-term reversal. From a technical perspective, the RSI (Relative Strength Index) is hovering close to the neutral 50 mark, specifically around 50.15, signaling a potential momentum shift. The RSI has consistently formed higher lows in […]
FTSE 100 Analysis – May 28 FTSE 100 rejects resistance as downside pressure intensifies. From an indicator perspective, the Relative Strength Index (RSI) currently reads 62.3, a level that traditionally approaches overbought conditions. However, the RSI has recently begun to decline, indicating a slowdown in bullish momentum. The 9-day Simple Moving Average (SMA) is positioned […]
US30 Analysis – May 27 US30 is gaining momentum as it approaches a potential strategic upside breakout. Technical indicators suggest a favorable environment for continued bullish movement. The 9-period Simple Moving Average (SMA) is currently positioned below the price at around $42,190, indicating short-term bullish pressure. Additionally, the MACD histogram remains in positive territory, while […]
U.S. stocks tumbled sharply after President Trump threatened to impose 50% tariffs on the European Union. This has caught the investors off guard in what had been a relatively quiet trading session. The move, coupled with renewed warnings of tariffs on Apple, has rekindled fears of an escalating trade war. This seems to be the […]
This week’s analysis focuses on five currency pairs—AUDCAD, EURNZD, NZDCHF, EURGBP, and AUDNZD—each reflecting a unique battle between bullish ambition and bearish dominance. AUDCAD Major Bias: Bullish Buyers are establishing positions near 0.89100, showing determination to overcome seller resistance. While the Stochastic Oscillator indicates growing buying interest, the Parabolic SAR suggests hesitation. Momentum remains tentative, […]
Market Analysis – May 26 USDJPY bulls have lost steam as a fresh bearish break of the structure confirms the dominance of sellers in the market. After a brief retracement, the price is now resuming its bearish motion toward the significant demand level at 140.510, where a strong bullish pullback previously originated. USDJPY Key Levels […]
Market Analysis – May 26 GBPUSD is primed for a rally as technical indicators signal upside potential. On the daily chart, momentum indicators favor bullish activity. The chart reveals a robust bullish setup supported by reliable technical signals. The 9-day Simple Moving Average, positioned at $1.3360, is trending upward, providing dynamic support as the price […]
NAS100 Analysis – May 25 NAS100 is undergoing a clear pullback within a broader bullish continuation structure. The index has dipped below its 9-day Simple Moving Average, currently near $21,240, indicating short-term selling pressure. However, the RSI remains comfortably above 50 at 58.7, after recently reaching 64.5, suggesting that underlying bullish momentum remains intact and […]
The recent economic developments surrounding the GBPAUD pair appear to have favored the bulls, pushing prices higher throughout the week. Although the market ended the week with a red candlestick, the broader uptrend remains firmly intact at the time of writing. Key Price Levels Resistance Levels: 2.1000, 2.2000, 2.3000 Support Levels: 2.0000, 1.9500, 1.9000 GBPAUD […]
