AUDJPY Price Analysis – August 28 AUDJPY is consolidating within a broader uptrend after encountering a significant barrier at the 96.862 resistance. Buyers have since successfully defended key support, reasserting near-term control and positioning the pair for another attempt to challenge this pivotal overhead ceiling. Market structure suggests strength is being gathered for a potential […]
EURCHF Price Analysis – August 28 EURCHF experienced a strong rally, which suffered rejection at the major resistance level of 0.94450. This led to significant selling pressure from the zone. The market structure has shifted in favour of the sellers. Technical indicators now flash bearish signals. The price is set for a dive to lower […]
The Canadian Dollar (CAD) continued to strengthen on Wednesday, benefiting from a rebound in global risk appetite that pressured the US Dollar (USD). The Loonie has now gained in three of the past four trading sessions, building momentum after recently hitting a 13-week low. Risk Sentiment Boosts the Loonie The Canadian Dollar rose about 0.3% […]
Market Analysis – August 25 GBPUSD continues to face sustained downside momentum with a bearish technical outlook. The pair has recently experienced notable selling pressure, with its price action aligning closely with a bearish bias as reflected in the broader structure. The 9-day SMA (Simple Moving Average) remains positioned above current trading levels around $1.3500, […]
NZDUSD Market Analysis – August 26 The New Zealand Dollar remains under pressure against the US Dollar, with price action confined within a descending channel. Since failing to sustain gains above the $0.6000 level in July, sellers have tightened their grip. The consistent formation of lower highs and lower lows reinforces the bearish structure and […]
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The Euro (EUR/USD) eased by 0.3% on Monday, trimming part of Friday’s rally. Analysts at Scotiabank, including Shaun Osborne and Eric Theoret, say the currency remains supported by strong fundamentals, even as short-term resistance slows momentum. Yield Spreads Back the Euro Scotiabank notes that widening yield spreads continue to provide a firm base for the […]
NAS100 Analysis – August 24 NAS100 sustains its bullish drive amid key technical confluences. The index is currently maintaining a bullish stance, supported by the 9-day SMA at approximately $23,590, which is acting as dynamic support. Momentum indicators, particularly the Stochastic Oscillator, reflect a rebound from near oversold territory, suggesting renewed buying pressure after the […]
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: Ranging The EUR/JPY pair has been trading sideways since breaching above 173.00 as it risks falling . The currency pair has been repelled as it reaches the 173.90 level. The bearish momentum has broken the 21-day SMA […]
