Speculation surrounding the British pound has pushed the GBPAUD pair further downward. The UK’s GDP (MoM) is expected to show improvement compared to previous figures. Meanwhile, in Australia, investors are anticipating the release of the Westpac Consumer Confidence data, though no bold positions have been taken yet. Key Levels Resistance: 2.100, 2.150, 2.200 Support: 2.050, […]
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 surges as it reaches an overbought level of 172.28. The currency pair has surpassed the forecasted price level of 171.31 and the Fibonacci retracement level of 1.618. However, the Yen has retraced and […]
Ripple is attracting massive trader interest as markets anticipate the potential approval of a ProShares XRP ETF. Open interest in XRP futures has surged 33% to 743 million tokens, with contract values approaching $5 billion – levels last seen before XRP’s November 2024 rally. WOW! 💥#XRP ETF APPROVAL ODDS NEAR 100%! 📈https://t.co/W7TK7AXOFe pic.twitter.com/EugwI868Tg — 𝓐𝓶𝓮𝓵𝓲𝓮 […]
British Pound movements slowed on Wednesday after a three-day decline, showing signs of stabilization despite ongoing pressure from global financial uncertainties. Traders reacted cautiously to the Bank of England’s (BoE) latest Financial Stability Report, which flagged growing risks in the global economic environment. At the time of writing, the British Pound to US Dollar (GBP/USD) exchange […]
Market Analysis – July 9 The NZDUSD pair shows signs of potential reversal after failing to break through the critical 0.61070 resistance level twice, forming a clear double-top pattern. The pair’s sluggish upward momentum has stalled, with technical indicators now pointing to increasing bearish pressure. NZDUSD Key Levels to Watch Support Levels: 0.58520, 0.58080, 0.55120 […]
U.S. stocks dipped after May’s nonfarm payrolls came in at just 125,000, significantly below expectations of 177,000. The disappointing number sparked concerns that trade tensions and economic uncertainty may finally be impacting hiring. The unemployment rate held steady at 4.2%, but wage growth slowed to 3.9% year-over-year, suggesting cooling labor market conditions. Investors are now […]
EIGENLAYER Market Analysis – July 8 EIGENLAYER prepares for a potential bearish continuation as recent bullish momentum fades and price action remains confined within a weakening symmetrical triangle formation. EIGENUSD Key Levels Support Levels: $0.870, $0.490Resistance Levels: $1.210, $1.650 EIGENUSD Long-Term Trend: Bearish EIGENLAYER has maintained a bearish trajectory since April 2025, with price action […]
The EURAUD pair is at possible buy opportunity at $1.79 level.Buyers remain dominant in the market. EURAUD Weekly Price Analysis – July 6 The EURAUD price offers a suitable pullback with an aggressive bullish trend, suggesting a possible buy opportunity for long traders at the $1.79 price level. However, the pair might continue its bullish […]
The FX market displays diverse trends across key pairs as we head into the second week of July. Strong bullish momentum is evident in EURNZD and EURGBP, while AUDNZD shows signs of a potential bullish recovery. Conversely, NZDCHF remains under clear bearish pressure, and AUDCAD appears to be consolidating with a neutral bias. AUDCAD Major […]
