Market Assessment – August 29 The AUDJPY currency pair has remained entrenched within a consolidation phase, characterized by a persistent inability to breach the crucial support threshold of 92.990, a level that underwent testing back in July. Over the intervening period, a majority of daily candle closures have consistently occurred beneath the Moving Averages spanning […]
Market Analysis – August 29th US 30 buyers remain determined to seek dominance. Buyers in the US 30 market continue to face resistance from sellers. This, as a result, is limiting their ability to cause significant expansion in the market. The bulls need to gather enough strength to potentially change the outcome of price movement. […]
Market Analysis – August 28th GBPUSD bearish pressure slows down at the 1.25980 key level. Sustaining momentum below this level would require a significant push from the sellers. However, the bulls are eager to regain strength and re-enter the market. The overall trend remains positioned for further downside movement. The 1.25980 level is a critical […]
Market Analysis – August 28th Nasdaq 100 bears take a breather, allowing buyers an opportunity to re-enter the market. While the market continues to favor the bears, sellers are putting up a fight against the prevailing trend. The selling pressure intensified after a bullish swing that reached the key level of 15914.00. However, since sellers […]
In a continuation of its six-week winning streak, the U.S. dollar made modest gains on Tuesday, bolstered by expectations of pivotal economic data set to shape decisions regarding the Federal Reserve’s interest rates. The dollar index, a gauge of the dollar against a basket of global currencies, recorded a 0.44% uptick earlier today to reach […]
Market Analysis – August 28 NZDUSD price continues its downward spiral, driven by the relentless strength of the United States Dollar against the New Zealand Dollar. This unrelenting pressure has been orchestrated by market whales, who strategically capitalized on liquidity for short positions by triggering buy stops located just above the significant resistance level at […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: Bullish The currency pair resumed its positive trend as it battles to stay below 159.50. The bullish momentum has risen over the 159.00 support level. The Yen is being rejected at a high of 159.50. Since August 10, the pair’s […]
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. […]
Market Analysis – August 25 US oil (WTI) looks for more bullish momentum. The market needs more attention from bullish participants to expand its momentum. The buyers have been attempting to regain the previously lost bullish pace in the market. Although US oil experienced a significant dip earlier this week, the bulls need to strengthen […]
