EUR/JPY Significant Levels Resistance Levels: 172.00, 174.00, and 176.00Support Levels: 164.00, 162.00, and 160.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY exchange rate has started to rise again below 173.00. The Yen reached a peak of 173.90 in the most recent price movement. Buyers were unable to sustain the bullish momentum above the level of […]
The Pound Sterling Fed rate cut expectations theme is driving the currency higher, with GBP/USD climbing toward 1.3565 in Wednesday’s European session. The British currency is outperforming major peers as traders anticipate fresh UK GDP data and increased speculation that the Federal Reserve will cut interest rates in September. At the same time, the US […]
Market Analysis – August 12 The NZDUSD market recently formed a head and shoulders pattern after encountering a strong bearish breaker block at 0.61070. Consequently, the resistance at this level has forced a downward reversal, pushing the price back toward the key support zone at 0.58520. NZDUSD Key Levels – Supply Levels: 0.61070, 0.63360, 0.65140 […]
Market Analysis – August 12 The EURCHF market has been in a consolidation phase since April. A significant displacement from the dip at 0.92720 now appears to be fueling a fresh impulsive wave aimed at breaking free from this prolonged range. EURCHF Key Levels Supply Levels: 0.94300, 0.94900, 0.96000 Demand Levels: 0.93500, 0.92720, 0.92250 EURCHF […]
President Trump has extended the current US-China tariff truce by 90 days, pushing the expiration to November 10, 2025. This extension keeps tariffs capped at 30% for Chinese imports and 10% for US goods, avoiding a planned tariff spike that could have reached 145% on US duties and 125% for China’s retaliations. The move supports […]
The Japanese Yen (JPY) managed a slight recovery from a one-week low against the US Dollar (USD) on Tuesday, though gains remained limited. Investors are navigating mixed signals from the Bank of Japan (BoJ) regarding its interest rate plans, while domestic political uncertainty and the potential drag from higher US tariffs continue to weigh on […]
Market Analysis – August 11 GBPJPY has reached a critical juncture, reacting to a resistance level of 199.720, a price point first encountered at the inception of July. Despite several days of concerted effort to breach this level, the attempted breakout ultimately failed, causing the price to plummet below the last swing low. Nevertheless, buyers […]
Market Analysis – August 11 GBPUSD continues to face extended downside risk, with the daily chart showing the pair under persistent bearish pressure. Recent trading activity remains below the short-term 9-day Simple Moving Average (SMA) at $1.33320, reinforcing the prevailing negative bias. Although the RSI has rebounded to 53.86, signaling some short-term recovery momentum, the […]
NAS100 Analysis – August 10 NAS100 continues to maintain uptrend momentum, supported by strong technical confirmation. The index preserves its bullish structure as price action aligns with key technical indicators. The daily close above the 9-day SMA, currently around $23,280, reinforces prevailing market strength and consistent buyer interest. MACD readings remain positive, with the histogram […]
