Market Analysis – August 25 GBPUSD continues to face sustained downside momentum with a bearish technical outlook. The pair has recently experienced notable selling pressure, with its price action aligning closely with a bearish bias as reflected in the broader structure. The 9-day SMA (Simple Moving Average) remains positioned above current trading levels around $1.3500, […]
NZDUSD Market Analysis – August 26 The New Zealand Dollar remains under pressure against the US Dollar, with price action confined within a descending channel. Since failing to sustain gains above the $0.6000 level in July, sellers have tightened their grip. The consistent formation of lower highs and lower lows reinforces the bearish structure and […]
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The Euro (EUR/USD) eased by 0.3% on Monday, trimming part of Friday’s rally. Analysts at Scotiabank, including Shaun Osborne and Eric Theoret, say the currency remains supported by strong fundamentals, even as short-term resistance slows momentum. Yield Spreads Back the Euro Scotiabank notes that widening yield spreads continue to provide a firm base for the […]
NAS100 Analysis – August 24 NAS100 sustains its bullish drive amid key technical confluences. The index is currently maintaining a bullish stance, supported by the 9-day SMA at approximately $23,590, which is acting as dynamic support. Momentum indicators, particularly the Stochastic Oscillator, reflect a rebound from near oversold territory, suggesting renewed buying pressure after the […]
EUR/JPY Significant Levels Resistance Levels: 172.00, 174.00, and 176.00Support Levels: 164.00, 162.00, and 160.00 EUR/JPY Price Long-term Trend: Ranging The EUR/JPY pair has been trading sideways since breaching above 173.00 as it risks falling . The currency pair has been repelled as it reaches the 173.90 level. The bearish momentum has broken the 21-day SMA […]
Market Analysis – August 22 USOil is setting up for a bullish recovery above key supports. The daily chart indicates momentum leaning toward a bullish rebound, supported by technical indicators. The 9-day Simple Moving Average at $63.10 has turned into dynamic support, with price holding above it after the recent bounce. The Stochastic Oscillator is […]
Market Analysis – August 21 Gold (XAUUSD) outlook signals a weakening structure and bearish continuation bias. Gold has been under pressure as recent daily sessions reflect a gradual loss of momentum, aligning with the downward tilt of the Stochastic Oscillator and a flattening 9-day moving average. Price action has struggled to hold strength above $3,350, […]
The currency pair anticipates a reversal soon.The bulls may become crucial in the market. EURAUD Weekly Price Analysis – August 24 The EURAUD market is poised to complete the dip-low movement and is on the verge of entering a correction phase. If the bulls increase their buying activity and all support levels remain unchanged, the […]
