Market Analysis: August 15 The AUDJPY currency pair is presently undergoing a corrective phase as observed on the daily chart. The price trajectory was guided higher by Moving Averages until a bearish market shift became evident in July. These events underscore the rapid shift in market sentiment. Key Levels For AUDJPY Demand Levels: 94.10, 95.80, […]
The Russian ruble grappled with a seesaw of gains and losses on Tuesday as the nation’s central bank executed a surprise maneuver to counter the currency’s freefall. The central bank’s unexpected decision to hike interest rates by a substantial 350 basis points, pushing them to an eye-catching 12%, unfolded as a strategic move to rein […]
Market Analysis – August 15 The NZDUSD currency pair has been in a consistent phase of decline, with this downward movement persisting on the daily chart. Notably, a bearish breakout occurred in late July, indicating a significant shift in market sentiment. The decline gained further momentum as the previously supportive bullish order-block at 0.6200 was […]
The U.S. dollar showcased a resilient performance on Friday, bolstered by a noteworthy uptick in producer prices during July. This development triggered an interesting interplay with the ongoing speculation surrounding the Federal Reserve’s stance on interest rate adjustments. The Producer Price Index (PPI), a key metric gauging the cost of services, surprised markets with its […]
Market Analysis – August 11th US Oil (WTI) continues to edge higher toward the 84.40 resistance level. The oil market has been favoring the bullish side since the previous month, with buyers displaying strong conviction. Prior to the buyers gaining strength, the market emerged from a consolidation phase. US Oil (WTI) experienced a challenging period […]
In an exciting turn of events, the British pound staged a remarkable recovery on Friday, putting an end to its recent three-day slide. The catalyst behind this resurgence was the strikingly robust performance of the UK economy in June. Sterling not only managed to edge up against both the dollar and the euro but also […]
Market Analysis – August 10th Gold (XAUUSD) Continues to Struggle with Bearish Momentum. The market is still locked in a battle with bearish strength, despite the ongoing efforts of buyers. The price took a sharp turn from its previous bullish sentiment several weeks ago. In June, sellers initiated a bearish strike that pushed the price […]
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 EUR/JPY pair has continued its rise as it breaks the overhead resistance level of 158.00 . At the time of writing, the pair has reached a high of level 159.09. The price indicator suggests that the Yen will […]
In a dynamic display of strength, the South African rand surged against the dollar on Thursday, capitalizing on a weakened dollar that stemmed from the release of U.S. inflation data for July. As of the time of writing, the rand confidently held its ground at 18.71 against the dollar, marking an impressive ascent of 1.25% […]
