Market Analysis – August 18 GBPUSD is showing renewed bearish momentum amid signs of technical weakness. The pair has recently displayed fading bullish strength, with price struggling to maintain upward momentum around the $1.3530–$1.3630 resistance zone. The 9-day Simple Moving Average at $1.3500 is acting as a dynamic pivot, while the RSI reading near 54.18 […]
EURCHF Analysis – August 19 EURCHF remains confined within a long-term trading range, indicating a prolonged period of equilibrium between buyers and sellers. The most significant recent development was a vigorous rally erupting from the critical 0.9260 support level, which forms the lower boundary of this extended range. This strong bullish leg demonstrated a clear […]
The Japanese Yen (JPY) held steady on Wednesday, recovering from early weakness and extending gains for a second consecutive day. A combination of bargain-hunting by traders and growing confidence in the Bank of Japan’s (BoJ) policy shift helped the currency attract fresh demand. Unlike the US Federal Reserve (Fed), which is widely expected to begin […]
The financial world is buzzing as Jerome Powell prepares to deliver his keynote at the Jackson Hole Economic Symposium this Friday. Investors, analysts, and retailers alike are watching closely for signs on the Federal Reserve’s interest rate plans, especially the possibility of a rate cut in September. Here’s a clear breakdown of today’s key market […]
NAS100 Analysis – August 17 NAS100 maintains a steady bullish trajectory supported by technical momentum. The index has consistently traded above the 9-day SMA, currently positioned near $23,570. The Relative Strength Index (RSI) hovers around 60, indicating healthy bullish momentum while avoiding overbought conditions. This alignment of trend and momentum indicators highlights a market environment […]
Canadian Dollar trading began the week with little movement. The Loonie stayed flat as investors waited for new signals from inflation data and the Jackson Hole symposium. Canadian Dollar Stays Quiet Ahead of Inflation Release The Canadian Dollar opened Monday with no clear direction against the US Dollar. The USD/CAD pair hovered close to […]
Market Analysis – August 18th NZDUSD shows clear bearish pressure, trading within a well-defined descending channel. After a recent rejection from the upper boundary, sellers have regained control, increasing the likelihood of a move toward the channel’s lower support. NZD/USD Key Levels Support Levels: $0.5830, $0.5710 Resistance Levels: $0.6096, $0.6200 NZDUSD Long-Term Trend: Bearish On […]
The currency pair remains in an upside move.The bulls remain dominant. EURAUD Weekly Price Analysis – August 17 The price of EURAUD is currently increasing. The pair has the potential for a bullish gallop as buying pressure mounts, facing the overhead region. The price may continue its bullish gallop if buyers are able to target […]
Market Analysis – August 15 USOil is staging a rebound after a period of downside consolidation, with recent candles showing clear price rejection around the $62.80 support zone. The 9-day Simple Moving Average (SMA) has started to flatten, suggesting a possible shift in momentum as selling pressure eases. In addition, the Relative Strength Index (RSI) […]
