Market Analysis – May 2 USOil signals a downtrend, supported by weak indicators and a bearish structure. On the daily chart, the 9-day Simple Moving Average (SMA) is sloping downward and currently positioned above the price action, reinforcing the bearish momentum. The RSI (Relative Strength Index) is around 39.54, while the signal line sits at […]
The EURNZD bullish run may increase Further.Buy traders might take the leading in the market soon. EURNZD Weekly Price Analysis – May 2 Amidst the market slump, the EURNZD bullish run may increase further as the market price at the $1.91 high level is progressing towards the crucial resistance. If the buy traders could increase […]
Market Analysis – May 1 Gold (XAUUSD) continues to display sustained bullish momentum, holding above key support zones. The Relative Strength Index (RSI) on the daily timeframe is currently around 58.84, signaling a steady bullish bias, though easing slightly from prior overbought conditions. The 9-day Simple Moving Average (SMA), located near the $3,340 level, remains […]
FTSE 100 Analysis – April 30 FTSE 100 is showing signs of a potential reversal as bearish indicators dominate the market sentiment. The Stochastic Oscillator is deeply overbought, hovering around 98, which points to fading bullish momentum. This reading, combined with the recent sharp rally in price, indicates a probable pullback or reversal. The 9-day […]
Navigating the shifting sands of US policy. The initial months of President Trump’s second term have been marked by significant policy shifts, particularly regarding tariffs and potential tax reforms. These changes create both opportunities and challenges for forex traders. The aggressive tariff strategy implemented by the administration has introduced considerable uncertainty into the global trade […]
US30 Analysis – April 29 US30 faces rejection amid key resistance and a bearish outlook. The US30 (Dow Jones Industrial Average) daily chart indicates a bearish bias, supported by key indicators. The price is hovering just above the 9-day Simple Moving Average (SMA) around $39,610, suggesting temporary bullish momentum. However, the Stochastic Oscillator is currently […]
Market Analysis – April 28 GBPUSD continues its strong bullish momentum into new price territories. Indicators on the GBPUSD daily chart show sustained bullish strength. The 9-day Simple Moving Average (SMA) is trending upward and currently hovers around $1.3300, supporting ongoing price action above it. The Stochastic Oscillator is positioned in the overbought region, fluctuating […]
Market Analysis: April 30 The NZDUSD currency pair has recently experienced a significant bullish surge, leading to a notable change in market direction. The newfound strength emerged with considerable momentum; however, this momentum is now showing signs of decline. NZDUSD Key Levels Demand Levels: 0.5840, 0.5550 Supply Levels: 0.6360, 0.6540 NZDUSD Long-term Trend: Bullish In […]
NAS100 Analysis – April 28 The NAS100 nears a key resistance zone at $20,360 amid persistent bearish outlook. On the daily chart, technical indicators are offering conflicting signals. The 9-period Simple Moving Average (SMA) is sloping downward, affirming continued bearish sentiment. Meanwhile, the Stochastic Oscillator shows readings around 96 and 92, indicating overbought conditions. This […]
