While the Australian dollar remains quiet on the fundamentals front, the British pound is reacting to disappointing retail sales data. This has reinforced resistance above the GBPAUD market, causing price action to rebound downward. Key Levels Resistance: 2.0300, 2.0500, 2.0700 Support: 2.0000, 1.9800, 1.9500 GBPAUD Has Some Cushion Although the GBPAUD market has pulled back […]
Market Analysis – December 19 The GBP/JPY pair is enjoying a strong bullish run today, with price action opening around the 208.00 mark before pushing convincingly above 210.00. The move suggests that traders are largely aligned on the upside, as buying interest remains firm across the session. This surge is not happening in isolation; it […]
Market Analysis – December 18 Gold (XAUUSD) preserves a positive trajectory driven by trend integrity and demand strength. The XAUUSD market continues to display a firm upward bias, supported by well-aligned short- and medium-term moving averages that are steadily advancing. Price action remains positioned above the developing equilibrium zone around $4,260–$4,280, highlighting sustained participation from […]
EUR/JPY Significant Levels Resistance Levels: 185.00, 187.00, and 189.00 Support Levels: 184.00, 182.00, and 175.00 EUR/JPY Long-term Trend: Bullish The EUR/JPY market gained notable bullish momentum in today’s trading. This followed the Bank of Japan’s interest rate announcement, which had a negative effect on the JPY, causing the EUR/JPY market to spike. This move occurred […]
The EURNZD price could go higher.The currency pair remains bullish in both outlooks. EURNZD Weekly Price Analysis – December 19 The EURNZD pair is awaiting a bullish expansion, and the price could rise further, as buyers remain dominant, aiming to rally towards the overhead level soon. The price is poised for a breakout after a […]
Market Analysis – December 18 The USD/JPY pair enters the new trading week caught between two powerful and very different narratives. On one side, US policymakers are making it clear that inflation remains an uncomfortable problem. Federal Reserve Chair Jerome Powell recently admitted that price pressures are still far too high, a message reinforced by […]
The Canadian Dollar (CAD) continues to trade within a narrow range, finding support from favorable bond market dynamics while facing pressure from weaker energy prices and ongoing volatility in global equity markets. Overall price action remains contained, with USD/CAD hovering slightly below its estimated fair value. According to Scotiabank’s chief FX strategists, Shaun Osborne and […]
Market Analysis – December 18 The USD/CAD pair has entered a cautious pause, struggling to push above the 1.3800 handle after rebounding from lows around 1.3730. While the bounce suggests buyers are still present, the lack of follow-through highlights a market that is clearly waiting for direction. Traders are keeping their risk in check ahead […]
FTSE 100 Analysis – December 17 FTSE 100 preserves its uptrend while holding key structural levels. The index remains positioned within a measured upward phase, supported by positively sloped moving averages and gradually improving momentum conditions. Price continues to trade above the intermediate trend reference near $9,650, with the shorter moving average maintaining a lead […]
