Market Analysis – August 28th Nasdaq 100 bears take a breather, allowing buyers an opportunity to re-enter the market. While the market continues to favor the bears, sellers are putting up a fight against the prevailing trend. The selling pressure intensified after a bullish swing that reached the key level of 15914.00. However, since sellers […]
In a continuation of its six-week winning streak, the U.S. dollar made modest gains on Tuesday, bolstered by expectations of pivotal economic data set to shape decisions regarding the Federal Reserve’s interest rates. The dollar index, a gauge of the dollar against a basket of global currencies, recorded a 0.44% uptick earlier today to reach […]
Market Analysis – August 28 NZDUSD price continues its downward spiral, driven by the relentless strength of the United States Dollar against the New Zealand Dollar. This unrelenting pressure has been orchestrated by market whales, who strategically capitalized on liquidity for short positions by triggering buy stops located just above the significant resistance level at […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: Bullish The currency pair resumed its positive trend as it battles to stay below 159.50. The bullish momentum has risen over the 159.00 support level. The Yen is being rejected at a high of 159.50. Since August 10, the pair’s […]
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. […]
Market Analysis – August 25 US oil (WTI) looks for more bullish momentum. The market needs more attention from bullish participants to expand its momentum. The buyers have been attempting to regain the previously lost bullish pace in the market. Although US oil experienced a significant dip earlier this week, the bulls need to strengthen […]
In the world of currency markets, the U.S. dollar stands tall, poised for a remarkable sixth consecutive week of ascension. Last week, all eyes were on Federal Reserve Chair Jerome Powell, who delivered a keynote speech at the Jackson Hole, Wyoming, gathering. Powell’s words resonated deeply, hinting at the potential necessity of forthcoming interest rate […]
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Buyers’ momentum increases in USDCHF market USDCHF Price Analysis – 25 August When buyers’ momentum is successful in holding the $0.87 support level, the price may increase past the $0.88 resistance level and toward the $0.89 and $0.90 resistance levels. If sellers apply enough pressure, the $0.87 barrier level can be broken, which would cause […]
Market Analysis: August 24 Gold (XAUUSD) strives for bullish gains in the market as buyers gradually regain control. The sellers’ attempt to break below the significant level of 1884.930 was thwarted. Selling pressure weakened, leading to an increase in buyer momentum. A bearish swing was observed from the level of 2060.310, and the price eventually […]
