Market Analysis – September 29 FTSE 100 sellers finally regained their stance again this week. The sellers have successfully recaptured the stock with formidable underlying strength. Now gaining firm footing, it appears that the bearish momentum is set to advance further. A strong sell display seems imminent, especially below the significant 7647.70 level as we […]
The U.S. dollar has retreated from a 10-month high, shedding 0.5% of its value in response to surging U.S. yields. Just a day earlier, the dollar had reached its highest point since November. Its recent upward trajectory, with a September gain of 2.32%, marks its 11th consecutive weekly increase. Investors are anticipating that the Federal […]
The Indian rupee managed to eke out a modest gain against the resurgent U.S. dollar on Wednesday, thanks to timely intervention by the Reserve Bank of India (RBI). Trading at 83.19 per dollar, the rupee showed resilience, recovering slightly from its previous close of 83.25. During the session, it grazed a low of 83.28, uncomfortably […]
Market Analysis – September 26 AUDJPY bulls aim for the 99.000 resistance level. The AUDJPY pair experienced a bullish break of structure, leading to a shift in price action from bearish to bullish. Despite the 95.000 level initially acting as resistance for price bulls, it could not hold, indicating the presence of bullish momentum. AUDJPY […]
Market Analysis – September 27 Nasdaq 100 (NAS100) buyers struggle to recapture strength. This struggle has manifested itself in several attempted reversals above the significant 14609.40 level, only to be met with strong resistance. Indeed, despite buying pressure, the tide seems to lean towards the strength of the sellers. This therefore suggests a potential downward […]
The U.S. dollar continued its remarkable ascent, reaching a 10-month high fueled by surging U.S. bond yields and the growing anticipation of forthcoming interest rate hikes by the Federal Reserve. Boosted by the dollar’s strength, the yield on the 10-year U.S. Treasury—a key influence on global borrowing costs—surged to 4.566%, its highest point since October […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: BearishThe EUR/JPY pair has been fluctuating within a range since its price drop on August 31 as the trend’s direction is unknown. The currency pair has been bouncing back and forth between 157.00 and 158.50 levels. In other words, the […]
Market Analysis – September 26 US 30 eyes downside for more dips. The price is looking at a potential downside trend, with both buyers and sellers strategizing their next move. It has been a roller coaster ride, with the price breaching the significant 34095.00 market level. This strategic zone forged an overhang for a considerable […]
Market Analysis – September 26 GBPUSD sellers dominate as of now, but opportunities are awaiting buyers soon. GBPUSD finds itself under the firm grip of sellers, with buying strength suppressed. The week commenced with a strong bearish presence, successfully crossing the pivotal 1.22900 key level. However, it’s essential to note that in the world of […]
