Market Analysis – August 15 USDJPY finally broke the 148.110 resistance in July after forming successive bullish market structures. The price surged toward the swing high of 151.220, marked by strong bullish candles, but fell just short of reaching the 152.220 resistance level before undergoing a retracement. USDJPY Key Levels Demand Levels: 145.850, 140.460, 137.360 […]
Market Analysis – August 15 AUDJPY has maintained a steady bullish ascent since retesting the support level of 92.1320 in June. This upward momentum drove the price towards the resistance level of 97.320, where selling pressure intensified, triggering a decisive bearish breakout from a bullish trendline. AUDJPY Key Levels Demand Levels: 95.450, 92.130, 86.140 Supply […]
FTSE 100 Analysis – August 13 The FTSE 100 Index is showing sustained upward momentum, supported by the alignment of short-term moving averages and strong market sentiment. The 9-day SMA, positioned near $9,130, continues to act as dynamic support, reinforcing buyers’ dominance. The MACD remains in positive territory, signaling underlying strength despite a slight convergence […]
The EURNZD pair looks promising for buyers.The bulls remain on top of the range. EURNZD Weekly Price Analysis – August 15 Today, the EURNZD bulls are dominating as the price continues to swing higher and looks promising, with buying pressure mounting. With a strong bullish trend, the pair is gaining momentum, indicating high market optimism […]
US30 Analysis – August 12 US30 is displaying signs of weakening momentum, indicating the possibility of continued downside movement. The index remains restricted below the $45,100 resistance zone, closely aligned with the 9-day SMA (Simple Moving Average) at $44,070, which is acting as a dynamic ceiling. The RSI (Relative Strength Index) is trending slightly below […]
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 exchange rate has started to rise again below 173.00. The Yen reached a peak of 173.90 in the most recent price movement. Buyers were unable to sustain the bullish momentum above the level of […]
The Pound Sterling Fed rate cut expectations theme is driving the currency higher, with GBP/USD climbing toward 1.3565 in Wednesday’s European session. The British currency is outperforming major peers as traders anticipate fresh UK GDP data and increased speculation that the Federal Reserve will cut interest rates in September. At the same time, the US […]
Market Analysis – August 12 The NZDUSD market recently formed a head and shoulders pattern after encountering a strong bearish breaker block at 0.61070. Consequently, the resistance at this level has forced a downward reversal, pushing the price back toward the key support zone at 0.58520. NZDUSD Key Levels – Supply Levels: 0.61070, 0.63360, 0.65140 […]
Market Analysis – August 12 The EURCHF market has been in a consolidation phase since April. A significant displacement from the dip at 0.92720 now appears to be fueling a fresh impulsive wave aimed at breaking free from this prolonged range. EURCHF Key Levels Supply Levels: 0.94300, 0.94900, 0.96000 Demand Levels: 0.93500, 0.92720, 0.92250 EURCHF […]
