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) […]
Market Analysis – August 14 Gold (XAUUSD) is showing early signs of a bearish retracement as price hovers just above the $3,350 level while trading near the 9-day SMA at $3,360. The MACD has crossed into negative territory, with the histogram posting red bars, signaling weakening bullish momentum. This decline in upward pressure follows an […]
The foreign exchange market presents a bifurcated landscape for the upcoming period. Analysis reveals pronounced weakness in specific commodity-crosses such as AUDNZD and NZDCHF. Also, European-centric pairs including EURGBP and EURNZD, alongside AUDCAD, demonstrate bullish structural integrity. The following technical breakdown explores the prevailing biases and critical price levels for these five currency pairs. AUDNZD […]
Market Analysis – August 15 USDJPY finally broke the 148.110 resistance in July after forming successive bullish market structures. The price surged toward the swing high of 151.220, marked by strong bullish candles, but fell just short of reaching the 152.220 resistance level before undergoing a retracement. USDJPY Key Levels Demand Levels: 145.850, 140.460, 137.360 […]
