US30 Analysis – August 26 US30 shows a resilient bullish structure supported by technical confirmation. The index continues its upward trend, gaining strength as it trades above the 9-day Simple Moving Average at $45,050. The MACD signal remains in positive territory, reflecting persistent buyer interest despite minor pullbacks. This alignment of moving average support and […]
The currency pair still trades in a bullish market zone.Buyers may invade the EURNZD market soon. EURNZD Weekly Price Analysis – August 29 EURNZD price anticipates jumps, and the price may surge above the current resistance of $1.98 as the pair remains in an uptrend despite the minor drop. However, the currency pair market value […]
Forex and stock trading may seem similar at first glance, but in reality, they operate on very different principles. Many beginners often start with stocks—buying shares in companies with the hope of long-term appreciation—before exploring the fast-paced world of forex. While both markets offer opportunities, forex stands out for its scale, liquidity, and accessibility. Because […]
While the pound stays largely tranquil on the fundamental front, the Aussie side seems to have the upper hand. This has been the major factor driving the GBPAUD market in its current direction. With the expected economic data due next week, let’s try to see where this market may head shortly. Key Levels Resistance: 2.100, […]
AUDJPY Price Analysis – August 28 AUDJPY is consolidating within a broader uptrend after encountering a significant barrier at the 96.862 resistance. Buyers have since successfully defended key support, reasserting near-term control and positioning the pair for another attempt to challenge this pivotal overhead ceiling. Market structure suggests strength is being gathered for a potential […]
EURCHF Price Analysis – August 28 EURCHF experienced a strong rally, which suffered rejection at the major resistance level of 0.94450. This led to significant selling pressure from the zone. The market structure has shifted in favour of the sellers. Technical indicators now flash bearish signals. The price is set for a dive to lower […]
The Canadian Dollar (CAD) continued to strengthen on Wednesday, benefiting from a rebound in global risk appetite that pressured the US Dollar (USD). The Loonie has now gained in three of the past four trading sessions, building momentum after recently hitting a 13-week low. Risk Sentiment Boosts the Loonie The Canadian Dollar rose about 0.3% […]
Market Analysis – August 25 GBPUSD continues to face sustained downside momentum with a bearish technical outlook. The pair has recently experienced notable selling pressure, with its price action aligning closely with a bearish bias as reflected in the broader structure. The 9-day SMA (Simple Moving Average) remains positioned above current trading levels around $1.3500, […]
NZDUSD Market Analysis – August 26 The New Zealand Dollar remains under pressure against the US Dollar, with price action confined within a descending channel. Since failing to sustain gains above the $0.6000 level in July, sellers have tightened their grip. The consistent formation of lower highs and lower lows reinforces the bearish structure and […]
