During the previous week, the stock market rebounded following a major bank release. The Australia 200 market managed to close in the green last week. This has kept the market slightly above key levels and, as such, suggests that further moves may be seen. Key Price Levels Resistance: 9,000, 9,500, 10,000 Support: 8,500, 8,000, 7,500 […]
The currency pair could see more drops.The bears may take the leading in a short while. EURAUD Weekly Price Analysis – September 21 The EURAUD pair is on the verge of more drops. A downward turnaround in the currency pair market is imminent. The pair price is moving close to the lower support level and […]
The foreign exchange market is delivering powerful, trend-defining moves. This week’s outlook is dominated by significant breakouts and breakdowns, with pairs like EURGBP, EURNZD, and AUDNZD pushing into new highs. In contrast, NZDCHF has accelerated its downtrend, while AUDCAD has demonstrated a classic false breakout, trapping optimistic buyers and shifting momentum in favor of sellers. […]
Market Analysis – September 18 Gold (XAUUSD) shows a healthy correction before continuing its bullish trend. After reaching recent highs, XAUUSD has seen a moderate pullback, but the overall outlook remains positive. The price is currently trading near $3,640, just below the 9-day SMA at $3,650, which is acting as a pivot level. Although the […]
FTSE 100 Analysis – September 17 FTSE 100 shows weakening momentum amid bearish technical signals. As momentum indicators turn more cautious, the FTSE 100 is displaying a declining bias. With the 9-day Simple Moving Average near $9,240 acting as a dynamic barrier, the index is currently trading around $9,210. After recent attempts to push higher, […]
AUDJPY Price Analysis- September 17 AUD/JPY is showing signs of a potential major reversal as a powerful rally collides with a significant yearly resistance level. Clear signs of buying exhaustion are emerging, headlined by a bearish divergence on the daily chart. With the short-term trend already flipping in favor of sellers, the market appears to […]
The Japanese Yen (JPY) remained under pressure on Thursday, with the USD/JPY pair climbing for the second consecutive day. The pair traded near 148.00, up roughly 0.75%, as a stronger US Dollar kept momentum in favor of the Greenback. Traders are now turning their attention to two major risk events on Friday: Japan’s Consumer Price […]
The Bank of England recently released its interest rate data, and it came in unchanged. This appears to have weighed on the pound, causing the GBPAUD market to slide lower. As a result, the pair has been pressured to retreat below the important technical resistance. Key Levels Resistance: 2.100, 2.150, 2.200 Support: 2.050, 2.000, 1.950 […]
US30 Analysis – September 16 US30 faces a short-term correction amid broader uptrend resilience. The index recently showed signs of exhaustion after a sustained bullish rally, with price consolidating just below resistance at $46,210. The RSI, currently around 59, signals fading momentum but not yet an overbought condition. Meanwhile, the 9-day SMA at $45,688 offers […]
