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 […]
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 […]
US Dollar weakness persisted as lackluster economic data and declining Treasury yields pressured the currency. The US Dollar Index (DXY), which tracks the greenback against a basket of major currencies, dropped after initial jobless claims rose to 219,000 from 214,000, indicating labor market strain. Additionally, the 10-year US Treasury yield fell below 4.5%, making the […]
The EURNZD price poised for a potential rise.The bulls are warming up for the next bullish move. EURNZD Weekly Price Analysis – February 21 EURNZD price is poised for a potential rise in anticipation of the next bullish run. The pair is facing high selling pressure. Meanwhile, the pair might finish the downward correction and […]
Market Analysis – February 17 GBPUSD continues to demonstrate bullish strength as it approaches key resistance levels. Technical indicators suggest the potential for sustained upward movement. The 9-period Simple Moving Average (SMA) is trending upward, providing a supportive framework for price action above $1.24950. Additionally, the MACD histogram remains firmly in positive territory, with the […]
Market Analysis – February 14 USOil is approaching a potential bullish reversal from the bearish retracement zone. The daily chart indicates that the price is trading slightly below the 9-day SMA at $71.560, reflecting short-term bearish pressure. However, the Stochastic Oscillator is oversold at 7.98, suggesting a possible reversal in the near future. This confluence […]
Market Analysis – February 13 Gold may face a bearish pullback despite maintaining an overall bullish trend. The Relative Strength Index (RSI) is currently at 77.44, indicating that XAUUSD is in overbought territory, suggesting a short-term retracement could be imminent. The Simple Moving Average (SMA) of 9 periods at $2,870 provides dynamic support, reinforcing the […]
FTSE 100 Analysis – February 12 FTSE 100 overbought conditions indicate a need for caution, although the overall trend remains bullish. The 9-day Simple Moving Average (SMA) at $8,650 continues to offer dynamic support, reinforcing bullish momentum. The Stochastic Oscillator is currently at 94.42, signaling extreme overbought conditions, which may suggest a short-term pullback. While […]
