In a dynamic display of strength, the South African rand surged against the dollar on Thursday, capitalizing on a weakened dollar that stemmed from the release of U.S. inflation data for July. As of the time of writing, the rand confidently held its ground at 18.71 against the dollar, marking an impressive ascent of 1.25% […]
Market Analysis – August 9th FTSE 100 buyers show steadfastness against selling pressure. The buyers have showcased their resilience and strengthened their resolve in the face of selling pressure. They have refused to succumb to the sellers and are actively building strong momentum to counter any potential sell-off. Over the past period, buyers have gained […]
Market Analysis: August 8th US 30 faces a challenge from sellers amidst a bullish setup. The sellers in the US 30 index are challenging the long-standing bullish strength on the daily chart. As a result, they are introducing a potential setback in the bullish setup. Buyers have been prominent in the market for an extended […]
Market Analysis – August 7th NASDAQ 100 (NAS100) buyers defend key levels amidst potential selling pressure. Buyers of the NASDAQ 100 (NAS100) index are currently on the defensive near the 15236.70 market level. As a result, they strive to hold off potential selling pressure. The sell traders have lost some volatility, which has driven the […]
Market Analysis – August 7th GBPUSD buyers defend key market level amidst selling pressure. The buyers are actively defending the 1.27010 market zone as they strive to counter the prevailing selling trend. Following a failed penetration beyond the 1.31370 level in July, sellers took control. As a result, the sellers dominated the market from mid-July […]
In a concerning turn of events, the Russian ruble finds itself in a precarious position, hitting a new 16-month low on Wednesday. The currency’s recent woes can be attributed to a combination of factors, with robust foreign currency demand and a limited supply acting as the primary culprits. These challenges are further compounded by Russia’s […]
AUDJPY Analysis – August 9 The AUDJPY currency pair has recently exhibited a notable bullish flag pattern, reflecting a strong market sentiment shift. This bullish stance was particularly evident in the first half of June, characterized by a rapid and virtually unhindered price surge until it reached the peak of 97.60. However, it’s worth noting […]
In an unexpected twist of events, the British pound encountered a minor stumble on Tuesday, holding its ground above recent one-month lows. This follows the release of a thought-provoking survey shedding light on subdued sales growth for British retailers over the past 11 months. This downturn in fortunes has been attributed to a combination of […]
Market Analysis – August 8 EURCHF has displayed a strong inclination to rise as it launches from the in-demand level of 0.9550. The breakout from a downward-sloping triangle resulted in a bearish displacement, leading the price to purge to the support level of 0.9550. EURCHF Key Levels: Demand Levels: 0.9550, 0.9370, 0.9300 Supply Levels: 0.9650, […]
