EURCHF Analysis – December 2 EURCHF resumes its bearish trend as the price falls alongside a falling trendline. The market has been in a bearish environment since March 2023. The RSI (Relative Strength Index) is currently above the 50.0 level. Apparently, the RSI rarely breaks the 50.0 level to the upside. EURCHF Key Levels Demand […]
Market Analysis – December 2 USOil (WTI) buyers defend the 74.530 key zone. The oil price is currently experiencing a situation where buyers are defending a key zone at 74.530. This means that buyers are actively preventing the price from falling below this level. The reason behind this defense is the lack of ambition among […]
Market Analysis – December 2 FTSE100 buyers may lose out on the race. The current market conditions for the FTSE100 index indicate that buyers may struggle to make significant progress. As a result, market volatility has remained relatively low for weeks. FTSE100 Significant Levels Resistance Levels: 7735.000, 7654.500 Support Levels: 7315.500, 7213.900 FTSE100 Long-Term Trend: […]
Market Analysis- November 29 US30 buyers struggle to sustain the rally as sellers pose a threat. The buyers in the US30 market are currently facing difficulties maintaining their bullish rally. It seems that the buyers have become less vigilant, allowing the sellers to potentially regain control. While the sell position has not been confirmed yet, […]
Federal Reserve Chair Jerome Powell’s recent comments hinting at a pause in interest rate hikes have impacted the U.S. dollar, causing a dip in its value on Friday. Powell acknowledged that the Fed’s monetary policy has slowed down the U.S. economy as anticipated, stating that the overnight interest rate is “well into restrictive territory.” However, […]
The euro stumbled against the dollar on Thursday, reacting to a surprising drop in eurozone inflation data for November. Official statistics revealed a year-on-year rise of 2.4%, falling below market expectations and marking the lowest inflation rate since February 2020. Matthew Landon, Global Market Strategist at J.P. Morgan Private Bank, pointed out to Reuters that […]
Market Analysis – November 29 GBPUSD bulls refuse to drop guard. The pair have been locked in a battle between the bulls and bears for the past few months. Since July, the bears have been dominating the market, dictating the direction of the price. The bulls, on the other hand, have shown signs of weakness […]
Market Analysis – November 29 Nasdaq (NAS100) bulls are yet to declare intention. The bulls of Nasdaq (NAS100) are currently experiencing a moment of hesitation. They are yet to regain their footing after the previous bullish ride. The price zone above 15883.300 has proven to be a challenging obstacle for the bulls. As a result, […]
The New Zealand dollar (NZD) soared against the US dollar (USD) on Wednesday, as the Reserve Bank of New Zealand (RBNZ) kept its official cash rate unchanged at 0.25% but hinted at further tightening in the future. The NZD/USD pair rose by more than 1% to peak at 0.6208, its highest level since August 1. […]
