Market Analysis – December 4 USOil signals continuing downside momentum toward lower price zones. The market maintains a broadly pressured outlook as short-term momentum stays aligned with sellers. Price action continues to hold below the 9-day SMA near $58.690, reflecting persistent downward traction and limited bullish strength. With the RSI hovering in the mid-40s, overall […]
EUR/JPY Significant Levels Resistance Levels: 185.00, 190.00, and 195.00 Support Levels: 180.00, 175.00, and 170.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY market seems to have established a new support level at the 180.00 price mark. While the pair currently trades above this level, fundamentals suggest that the pair may move higher in the coming […]
The US Dollar (USD) saw a slight uptick heading into Friday’s session, but overall losses for the week continue to weigh on momentum. While the greenback is attempting to stabilize, the US Dollar Index (DXY) remains under pressure, hovering near the 99 level, according to Scotiabank strategists Shaun Osborne and Eric Theoret. The broader market […]
The EURNZD price could go higher sooner.Buyers may take the lead and control of the trend. EURNZD Weekly Price Analysis – December 5 The EURNZD pair could see an uptrend soon as it is about to resume its bullish rally. The price may likely reclaim another crucial supply level. The selling pressure may not occur […]
Market Analysis – December 4 Gold (XAUUSD) reflects emerging downside bias as momentum fades. Gold is beginning to show clearer signs of softening demand, with the broader structure gradually shifting toward a bearish recalibration. Price is now clustering around the short-term average near $4,170, marking a slowdown in upward commitment after multiple failed attempts to […]
Market Analysis – December 4 Despite both the U.S. and Japan posting similar inflation readings at around 3%, the USD/JPY pair is not responding to inflation data alone. Instead, the recent decline from the November peak near 158 is being driven by shifting monetary expectations on both sides. Softer U.S. economic data—especially unexpected job losses […]
FTSE 100 Analysis – December 3 FTSE 100 positions for an orderly return to upward momentum. The index is progressing through a measured cooling phase after its recent upswing, with price stabilizing above the near-term moving average around $9,660. Broader momentum signals remain balanced, as the RSI holds within a neutral band that typically supports […]
Market Analysis December 3 Recent macroeconomic indicators reveal a notable contrast between the United States and Canada, offering insight into the current downward movement of the USD/CAD pair. In the U.S., GDP stands at $30.616 trillion, inflation (CPI) remains steady at 3%, and interest rates hover around 4%, painting a picture of moderate growth with […]
US30 Analysis – December 2 US30 signals steady bullish continuation ahead. The index continues to maintain a firm upward bias, with price action holding above the 9-day SMA near $46,990, indicating sustained bullish participation. The RSI positioned in the mid-50s reflects controlled but gradually strengthening demand, suggesting the market is still gathering momentum for additional […]
