EURCHF Analysis – February 1 EURCHF reacts to the bearish order block at 0.94540, prompting the continuation of the market’s bearish trend. A potential retracement is highly probable from the current price level, after which the bearish trend will resume. These forex signals are suggested by the Stochastic Oscillator, which is currently signalling oversold conditions. […]
Market Analysis – January 31st FTSE100 bulls tick higher as they press for more highs. The FTSE100 bulls are showing strength as they continue to push for more highs in the market. The buyers are getting closer to reaching the old pinnacle once again. This week, the bulls have weathered a difficult storm and breached […]
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Nigeria’s currency, the naira, plummeted to a new low against the dollar, breaching the unofficial parallel market rate on the official exchange platform for the first time. FMDQ Exchange data reveals that the naira stumbled to 1,531 per dollar on Tuesday, closing at 1,482.57—significantly below the parallel market rate of 1,460. This downturn follows the […]
Market Analysis – January 30th US30 relentless pursuit continues as sellers get a lesser advantage this week. The index price continues its relentless breakthrough in the market, with the bulls showing remarkable activity. Following its recovery, the buyers have refused to let up this week, demonstrating their determination to maintain their bullish stance. US30 Market […]
AUDJPY Analysis –January 31 AUDJPY sustains a long-term bullish trend with an unaltered market structure. The market’s projection on the daily chart is bullish. The Stochastic Oscillator indicates a high possibility of the price declining anytime soon. However, a decline is likely to only last until the sell-side liquidity below 95.840 is swept. After which, […]
NZDUSD Analysis – January 31 The NZDUSD is poised for an upward retracement due to the oversold market conditions signalled by the Stochastic Oscillator. Even though there is a possibility of a bounce, the prevailing sentiment in the broader market suggests a bearish inclination. The ongoing retracement may be followed by the potential resumption of […]
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In a tight trading range, the dollar maintained its position on Tuesday as investors eagerly awaited the Federal Reserve’s imminent decision following their two-day meeting and the impending release of the latest U.S. jobs data. Analysts widely anticipate the Fed to maintain steady rates during Wednesday’s announcement. Despite a sharp decline from 88.5% a month […]
