Market Analysis – November 28 USOil outlook confirms persistent downside structural conditions ahead. USOil continues to exhibit a firm downward bias as price remains positioned below the 9-day SMA near $59.00, reinforcing ongoing weakness across the curve. Momentum conditions remain muted, with the MACD holding beneath its equilibrium level and showing minimal improvement on the […]
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 pair has encountered resistance and is currently trading in a tight range above 180.00. The Yen corrected and began a sideways movement below the 182.00 level. For the past week, the Yen has remained […]
The Australian economy awaits a significant amount of fundamentals at a time when the pound seems quite tranquil. However, the speculations surrounding the Aussie appear to be burdening the GBPAUD market, causing it to dip further. Key Levels Resistance: 2.0200, 2.0450, 2.0700 Support: 2.0100, 1.9800, 1.9700 GBPAUD Bears Breach a Strong Base While the GBPAUD […]
The price bar is below the supply level making it capable of dropping further.Sell traders may take their position as desired. EURAUD Weekly Price Analysis – November 30 The EURAUD pair shows a bearish flag, signaling a sell trade at the $1.76 low. However, the pair could see more downtrends as the bearish pressure has […]
The euro maintained firm support above the 1.1600 level on Friday as traders raised their bets that the Federal Reserve will cut interest rates next month. The EUR/USD pair is set to finish both the week and the month in positive territory, gaining 0.81% this week and 0.59% in November. The pair is currently trading […]
Trading generates immense fortunes for its most skilled practitioners. These individuals master the markets through unique strategies and disciplined execution. Consequently, they have built some of the largest personal fortunes in finance. Here are the seven richest traders in the world. Steve Cohen: The Disciplined Proprietary Trader Steve Cohen leads with a $19.8 billion net […]
Market Analysis – November 27 Gold (XAUUSD) outlook highlights growing reversal risk as bearish tone emerges. The broader structure is beginning to lose upward momentum, with indicators reflecting a clear reduction in buying strength. The RSI has retreated from previous highs, and price is struggling to hold above the short-term moving average near $4,100. While […]
Market Analysis – November 27 AUDJPY has maintained steady gains throughout the year, consistently demonstrating strength across multiple timeframes. Although the pair recently experienced a mild pullback, price action has since shown a clear recovery, reflecting renewed bullish intent. With momentum building once again, AUDJPY appears poised to challenge and potentially break into new quarterly […]
NZDUSD Market Analysis – November 27 NZDUSD has been on a consistent downward spiral since the head and shoulders pattern completed in August, reinforcing sustained bearish pressure. This bearish drive pushed the price toward the major demand level at 0.55430. However, recent price action has introduced a notable divergence, signalling early signs of a potential […]
