With the RBA interest rate decision still ahead, investors are beginning to take sides. This has continued to weigh down the GBPAUD market, causing it to extend its bearish correction further south. Let’s take a deeper dive into the market below. Key Levels Resistance: 2.0500, 2.1000, 2.1500 Support: 2.0100, 1.9500, 1.9000 GBPAUD Market Sees a […]
FTSE 100 Analysis – October 29 FTSE 100 extends its uptrend with a strong bullish confirmation signal. The FTSE 100 Index continues to display firm upward momentum, maintaining a steady bullish trajectory above the 9-day Simple Moving Average at around $9,520. This consistent positioning of price above the short-term moving average reinforces persistent buying strength. […]
Market Analysis – October 29 USDJPY sustains an uptrend amid broader bullish structural alignment The USDJPY pair continues to maintain its broader bullish trajectory, trading consistently above the 9-day simple moving average positioned near $152.00. The long-term ascending trendline remains intact, confirming steady upward momentum in alignment with higher-timeframe market sentiment. The Stochastic Oscillator, hovering […]
Market Analysis – October 27 EURCHF displays sustained bearish momentum amid corrective pullback phase. EURCHF continues to trade under sustained bearish pressure, with overall market sentiment aligning with the broader downtrend visible on the daily timeframe. The pair remains positioned below the 9-day SMA, reflecting persistent seller control despite a short-term recovery attempt. The MACD […]
US30 Analysis – October 28 US30 maintains its upward trajectory amidst technical strength. The index continues to extend its ascent, reflecting a strong alignment with reinforcing technical indicators. The 9-day SMA, positioned around $46,860, acts as a dynamic value base sustaining upward momentum. The MACD indicator shows deepening momentum as its signal line inclines, revealing […]
In a volatile economic landscape, positive developments in US-China trade negotiations are igniting fresh optimism across global markets. As investors eye potential tariff relief and upcoming Federal Reserve decisions, the stock market is experiencing a notable upswing. Recent reports suggest that US and Chinese officials have forged a preliminary agreement to sidestep steep tariffs 100% […]
Market Analysis – October 27 GBPUSD sustains a firm bearish momentum below key levels as downward pressure continues to dominate market sentiment, keeping the pair in a persistent decline. The weak bullish momentum is reflected in the 9-day Simple Moving Average, currently hovering around $1.33710, which continues to restrict recent recovery attempts in the market. […]
Key Points: The British Pound (GBP) edges higher against the US Dollar (USD) after strong UK Retail Sales and encouraging S&P Global PMI figures. Softer U.S. inflation data strengthens expectations of further Federal Reserve rate cuts. U.S. President Trump remains optimistic about reaching a trade agreement with China. Pound Sterling Strengthens on Positive UK Economic […]
Market Analysis – October 27 NZDUSD has been in a clear downtrend since a major price shift occurred in August. Since then, the pair has continued to decline, gradually drilling deeper into lower price territories while moving within a well-defined bearish parallel channel. Sellers remain dominant, and every small recovery has eventually led to another […]
