The British Pound (GBP) is showing early gains as investors anticipate the UK budget announcement on Wednesday. With much of the negative sentiment already factored in, traders are cautiously optimistic about a possible short-term rebound. GBP Gains Modestly Against Major Currencies GBP/USD has edged up 0.1%, positioning the pound in the mid-range among G10 currencies. […]
Market Analysis – November 24 GBPUSD signals sustained downside pressure amid structural weakness. The broader directional bias on GBPUSD remains firmly bearish as the pair continues to trade beneath its descending trendline and the short-term moving average. The current alignment between price action and the MACD histogram reinforces the downward tilt, with momentum showing little […]
Market Analysis – November 24 EURCHF signals renewed downside pressure ahead. The EURCHF pair is aligning with a bearish outlook as key indicators reflect weakening momentum near the upper boundary of the current range. The Stochastic Oscillator is operating in overbought territory, suggesting that upward traction is losing steam and that sellers may soon regain […]
NAS100 Analysis – November 23 NAS100 builds upward traction as buyers regain control. The index is beginning to reestablish bullish intent as price responds constructively to deeply compressed stochastic readings and gradually climbs back above the short-term moving average near $24,860. This renewed alignment between strengthening momentum signals and early structural recovery suggests that buyers […]
Market Analysis – November 21 USOil continues to face strong downside pressure as its technical structure weakens. The broader market sentiment remains firmly bearish, with price action consistently aligning with downward-pointing momentum indicators. The MACD histogram remains below the zero line, while the signal lines show only a weak recovery, highlighting a steady decline in […]
The currency pair could see more upward forces.The bears may take the leading. EURAUD Weekly Price Analysis – November 23 Today, the EURAUD bears may lose control of the market as the selling pressure might soon come to an end, and the pair could see more upward strength. The currency pair may maintain its upward […]
The GBPAUD market has managed to gather some momentum in anticipation of the Retail Sales MoM data. However, with the figures coming in weaker than expected at -1.1%, this posed a setback to upward progress. Nevertheless, the market has the needed technical and fundamental base to extend higher, especially with more impactful data still ahead. […]
The forex market is exhibiting a shift in momentum as high-flying trends face reality checks. The Euro’s dominance is cooling off with pullbacks in both EURGBP and EURNZD, while the Australian Dollar is seeing a decisive bearish correction against the Kiwi . Meanwhile, NZDCHF is showing signs of a relief bounce after a relentless sell-off, […]
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: Bullish The EUR/JPY currency pair retreats but remains positive below the 182.00 barrier. The bullish momentum was halted near the recent high as sellers emerged in the overbought zone. The Yen is falling towards its next support […]
