The British pound is feeling the heat as the US dollar surges in the wake of mounting global economic uncertainties and rising oil prices. On Wednesday, the pound slumped to its lowest point in three months, hitting $1.2482 and losing 0.58% against the resurgent greenback, marking a nearly 1.43% decline for September. The dollar’s resurgence […]
Market Analysis – September 5 US 30 retreats below the 35113.90 key level. Recently, the market has faced some resistance at the 35113.90 level, which is a historical high reached last month. The buyers have failed to break above this level, despite several attempts in the past few weeks. This indicates that the bullish momentum […]
Market Analysis – September 4 NZDUSD market direction turned bearish after the MACD (Moving Averages Convergence and Divergence) indicator signaled an oversold market in late July. The bullish order block failed to hold to establish the shift in the market structure. NZDUSD Key Levels Demand Levels: 0.5990, 0.5890, 0.5740 Supply Levels: 0.6130, 0.6270, 0.6410 NZDUSD […]
Market Analysis – September 4 Nasdaq 100 (NAS100) sticks to a modest gain as the buyers are closing up to the 15894.90 key zone. The buyers are currently creating more awareness to push the price forward. However, it still appears that buyers need more confidence to pull the price up this week. If they fail […]
The Australian Dollar (AUD) has taken a hit against the US Dollar (USD) following the Reserve Bank of Australia’s (RBA) decision to maintain its cash rate at 4.10%, as widely anticipated by market experts. Governor Philip Lowe, who is set to retire in just two weeks, presided over this critical monetary policy decision. Lowe’s statement […]
Market Analysis – September 4th GBPUSD bears maintain control as selling pressure intensifies. The pair has experienced a decline as sellers continue to put in more effort on the market. The bears have successfully pushed the price below the 1.25590 market level. This already indicates their dominance. It suggests that the selling pressure could potentially […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: Bearish EUR/JPY currency pair is rejected at the 160.00 barrier zone as the recent upswing ends . The recent upswing has ended as the pair fell below the 21-day SMA. The currency pair has become entangled between the moving average […]
EURCHF Analysis – Sellers Could Regain Control Next Week EURCHF traders are closing their trade with bullish gains, but market dominance is still lacking from the bulls. Instead, the price has been in a bearish trend. After a period of consolidation, the ongoing situation in EURCHF suggests a pullback in price due to selling pressure. […]
The Australian dollar (AUD) finds itself grappling with a myriad of challenges as it strives to stave off further depreciation against the US dollar (USD). Meanwhile, the USD is caught in a delicate balancing act, navigating mixed signals emanating from the global economic landscape and the Federal Reserve’s policy decisions. Last week, the US stock […]
