The Japanese Yen (JPY) remained under pressure on Thursday, with the USD/JPY pair climbing for the second consecutive day. The pair traded near 148.00, up roughly 0.75%, as a stronger US Dollar kept momentum in favor of the Greenback. Traders are now turning their attention to two major risk events on Friday: Japan’s Consumer Price […]
The Bank of England recently released its interest rate data, and it came in unchanged. This appears to have weighed on the pound, causing the GBPAUD market to slide lower. As a result, the pair has been pressured to retreat below the important technical resistance. Key Levels Resistance: 2.100, 2.150, 2.200 Support: 2.050, 2.000, 1.950 […]
US30 Analysis – September 16 US30 faces a short-term correction amid broader uptrend resilience. The index recently showed signs of exhaustion after a sustained bullish rally, with price consolidating just below resistance at $46,210. The RSI, currently around 59, signals fading momentum but not yet an overbought condition. Meanwhile, the 9-day SMA at $45,688 offers […]
The Federal Reserve, led by Jerome Powell, faces a high-stakes decision this week on adjusting interest rates, stirring market anticipation. The U.S. economy shows signs of a softening labor market, with unemployment claims rising and CEOs planning layoffs. While inflation is ticking up again, businesses and consumers are adapting to uneasy conditions through what experts […]
EUR/CHF Price Analysis – September 16th Euro continues to show significant weakness against the Swiss Franc, as the EUR/CHF pair trades heavily at a critical support level. The prevailing market trend is decisively bearish, with technical indicators signaling sustained selling pressure. As the pair consolidates at its recent lows, a breakdown appears increasingly likely, which […]
Market Analysis – September 15 GBPUSD signals weakness after testing critical resistance levels. The pair has shown a slowdown in bullish momentum, with price action consolidating below the $1.35950 resistance level. The Stochastic Oscillator is signaling overbought conditions above the 90 mark, indicating that buying pressure may be exhausted. Similarly, the 9-day simple moving average […]
NAS100 Analysis September 14 NAS100 maintains a bullish tone with upside targets in sight. The index has continued its upward trajectory, with price action consolidating above the $23,730 short-term moving average, confirming strong bullish momentum. Momentum indicators, particularly the MACD, remain supportive of buyers as histogram bars extend into positive territory. This alignment between trend […]
NZDUSD Price Analysis – September 15th NZD/USD has executed a significant technical breakout from a multi-month descending channel, signaling a clear shift in market momentum. The corrective downtrend that has been in place since July appears to have concluded, with buyers now taking control. NZDUSD Long Term Trend- Bullish (Daily Chart) Resistance Zones: 0.597560, 0.60960 […]
Market Analysis – September 12 USOil maintains its downward pressure with persistent bearish price action. The broader market sentiment reflects sustained weakness as sellers remain in control. The moving average at $63.10 continues to hover above the current price action, signaling ongoing bearish momentum. Additionally, the MACD histogram and signal lines remain in negative territory, […]
