Market Analysis – September 4 Nasdaq 100 (NAS100) sticks to a modest gain as the buyers are closing up to the 15894.90 key zone. The buyers are currently creating more awareness to push the price forward. However, it still appears that buyers need more confidence to pull the price up this week. If they fail […]
The Australian Dollar (AUD) has taken a hit against the US Dollar (USD) following the Reserve Bank of Australia’s (RBA) decision to maintain its cash rate at 4.10%, as widely anticipated by market experts. Governor Philip Lowe, who is set to retire in just two weeks, presided over this critical monetary policy decision. Lowe’s statement […]
Market Analysis – September 4th GBPUSD bears maintain control as selling pressure intensifies. The pair has experienced a decline as sellers continue to put in more effort on the market. The bears have successfully pushed the price below the 1.25590 market level. This already indicates their dominance. It suggests that the selling pressure could potentially […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: Bearish EUR/JPY currency pair is rejected at the 160.00 barrier zone as the recent upswing ends . The recent upswing has ended as the pair fell below the 21-day SMA. The currency pair has become entangled between the moving average […]
EURCHF Analysis – Sellers Could Regain Control Next Week EURCHF traders are closing their trade with bullish gains, but market dominance is still lacking from the bulls. Instead, the price has been in a bearish trend. After a period of consolidation, the ongoing situation in EURCHF suggests a pullback in price due to selling pressure. […]
The Australian dollar (AUD) finds itself grappling with a myriad of challenges as it strives to stave off further depreciation against the US dollar (USD). Meanwhile, the USD is caught in a delicate balancing act, navigating mixed signals emanating from the global economic landscape and the Federal Reserve’s policy decisions. Last week, the US stock […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: Bearish EUR/JPY currency pair is rejected at the 160.00 barrier zone as the recent upswing ends . The recent upswing has ended as the pair fell below the 21-day SMA. The currency pair has become entangled between the moving average […]
Market Analysis – September 1 US Oil (WTI) buyers could take a breather. Over the week, the bulls in the US Oil WTI market have maintained a serious liquidity purge. This surge in liquidity has favored the bulls, allowing them to exert their influence on the market. However, there are signs that the buyers may […]
Market Analysis – August 30 EURCHF established a bearish breakout from the falling wedge in July. Shortly after the daily candles pressed on the resistance trendline at the supply zone of 0.9840, the price crashed rapidly to enforce the breakout. EURCHF Key Levels Demand Level: 0.9520, 0.9400, 0.9350 Supply Level: 0.9840, 1.0000, 1.0070 EURCHF Long-term […]
