Market Analysis – July 12 US 30 formed a double bottom pattern with a clear W-shaped structure after reaching the demand level of 37,750 in April. This formation indicated a bullish reversal. Since then, the index has surged toward the previous all-time high of 45,065.0 and is now on the brink of setting a new […]
Market Analysis – July 11 GBPUSD experienced a significant bullish reversal in January when the market reached an oversold condition. This shift marked the beginning of a broader bullish trend, characterized by impulsive moves and strong price correlations. Currently, the price action is undergoing a corrective bearish pullback within the context of this prevailing upward […]
The EURAUD price surge may break above the $1.84 supply value.The currency pair bullish correction pattern will continue. EURAUD Weekly Price Analysis – July 13 Currently, the EURAUD pair is trending upward, and its price surge may continue as it faces resistance. If the bulls can add more aggression to their buying actions, the price […]
The FX market continues to exhibit varied momentum across key pairs this week. Strong bullish trends persist in AUDNZD, EURNZD, and EURGBP, indicating sustained buying pressure. Conversely, NZDCHF remains firmly in bearish territory, while AUDCAD is displaying signs of a bullish recovery from recent consolidation. Traders should remain vigilant for potential continuations or reversals around […]
Market Analysis – July 10 Nasdaq 100 witnessed a decisive bullish breakout in July. Buyers had previously made three separate attempts to surpass the critical resistance level at 22143.0, but each effort initially fell short. However, sustained buying pressure has finally driven the price above this level, indicating the market’s readiness for a new bullish […]
Market Analysis – July 11 A resistance trendline has guided USDCAD since March. In June, the price broke decisively above this trendline, signaling a potential shift in market sentiment from bearish to bullish. After the breakout, the price retested the broken trendline, forming a continuation pattern. Now, the pair appears ready to extend its upward […]
The EURNZD bears may lose control.The currency pair could increase despite a bearish threat. EURNZD Weekly Price Analysis – July 11 The EURNZD bears may lose control. The pair may experience a change in trend to the upside as the bulls are more involved in the market activity. Thus, a further increase in bull pressure […]
EUR/USD continues to decline for a third straight day as global investors react to new tariff threats from U.S. President Donald Trump. The risk-off mood, driven by trade concerns and strong U.S. labor data, has strengthened the U.S. Dollar, sending the Euro further into correction territory. At the time of writing, EUR/USD trades near 1.1680 […]
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, […]
