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 breaks the $173.90 barrier and the target price of 175.28, but stalls at 177.00. In recent price action, the Yen fell severely below the moving average lines, yet bulls bought the dips. The […]
US30 Analysis – October 7 US30 sustains upward momentum amid a strong technical structure. The US30 index continues to display a robust bullish trajectory, maintaining consistent alignment with upward-trending indicators. Price remains well above the 9-day Simple Moving Average (SMA) near $46,440, reflecting sustained investor confidence and persistent buying interest. The MACD histogram also maintains […]
Market Analysis – September 29 GBPUSD demonstrates an entrenched depreciation bias under persistent technical headwinds. The GBPUSD structure is showing reduced upward capacity, with recent movements reflecting a consistent contractionary tone across analytical indicators. The 9-day Simple Moving Average at $1.3460 now acts as a resistance ceiling, while the MACD oscillator maintains a negative gradient, […]
Market Analysis – October 6 GBPUSD signals a continued downward movement as sellers reclaim short-term control. The pair is losing bullish momentum, with the 9-day SMA at $1.3430 currently exerting downward pressure on price action. Momentum indicators such as the RSI hover around 47, reflecting indecision but leaning toward bearish sentiment as the market struggles […]
As the U.S. government shutdown enters its early days, critical economic data releases have ground to a halt, leaving the Federal Reserve without vital insights at a precarious time for the economy. With recession concerns mounting due to a hiring slowdown and stubborn inflation, experts warn that policymakers are essentially flying blind. The shutdown, which […]
Key Takeaways AUD/USD stays strong above 0.6600 as the Greenback loses steam. US Dollar drops amid government shutdown and dovish Fed expectations. Investors focus on Australia’s Westpac Consumer Confidence and the Fed Minutes. Australian Dollar Extends Its Recovery The Australian Dollar (AUD) advanced on Monday, climbing higher as the US Dollar (USD) softened. The AUD/USD […]
NAS100 Analysis – October 5 NAS100 maintains a strong upward trajectory with solid technical backing. The NAS100 Index continues to demonstrate a clear bullish bias as prices trade comfortably above the 9-day Simple Moving Average (SMA) near $24,660, indicating persistent demand and firm market confidence. Momentum indicators, including the MACD, remain supportive, with the histogram […]
Market Analysis – October 3 USOil sustains a downward trajectory as technical weakness intensifies. The commodity remains under significant selling pressure, with recent price action reflecting the continuation of a broader bearish cycle. Momentum indicators reinforce this weakness, as the MACD maintains a negative reading, highlighting subdued buying interest and a prevailing imbalance in favor […]
The strong bullish runs in AUDNZD, EURNZD, and EURGBP are now facing significant pullbacks, shifting the immediate bias in favor of sellers. Conversely, the relentless downtrend in NZDCHF has paused, hinting at a potential relief rally, while AUDCAD bulls are making a second attempt to secure a breakout. This widespread reversal of momentum suggests a […]
