The 2.0000 price level remains solid above price action in the GBPAUD market. This seems mostly triggered by bolstering economic activities in Australia. This technical setup has solidified the 2.0000 threshold level, causing headwinds to gain prominence. Let’s try to decipher what can be anticipated from this market. Key Price Levels: Resistance Levels: 2.0000, 2.0200, […]
The currency pair could see another trend reversal.The bulls are still dominating the market at the moment. EURAUD Weekly Price Analysis – February 9 The EURAUD pair could see another trend reversal to the upside. The pair may soon be prepared for another probable upward surge if the buy traders renew their buying strength and […]
Market Analysis – February 8 AUDJPY bears extend control as price targets 94.530 key level. AUDJPY has been steadily declining, with sellers maintaining control and pushing prices lower. The bears have dominated February’s price action, following an initial failed attempt to break above 96.860. AUDJPY Key Levels: Support Levels: 94.530, 93.000, 92.000 Resistance Levels: 95.550, […]
Market Analysis – February 8 The recent bullish trend has come to an end as price action confirms a shift into a bearish trend. After a significant rally from mid-September 2024 to January 2025, the market reached a pivotal point, leading to a bearish reversal. This shift was confirmed by a breach of the previous […]
The EURNZD price anticipates more growth as the new correction begins.Buy traders might take the leading in the market soon. EURNZD Weekly Price Analysis – February 7 EURNZD price anticipates more growth as the Yen currently faces increased buying pressure. Meanwhile, the pair might improve further if the bulls add more aggression to the buying […]
Price activity in the GBPAUD market has rebounded off another higher support level. This appears to have been aided by economic developments on both sides of the pair. The UK aims to encourage economic growth by lowering its interest rate by 0.25 basis points (bps), while Australia faces a notable threat stemming from US trade […]
FTSE 100 Analysis – February 5 FTSE 100 is continuing its bullish rally with $8,800 in sight. The index is supported by positive technical indicators, including the 9-day Simple Moving Average (SMA) positioned at $8,570, which acts as a dynamic support level in line with the current trading price. The Relative Strength Index (RSI) stands […]
US30 Analysis – February 4 The US30 market is experiencing a bearish reversal as it approaches key resistance levels and indicators. The Dow Jones Industrial Average is currently exhibiting signs of bearish momentum, as highlighted by technical indicators. The 9-period Simple Moving Average (SMA) is positioned around $44,650, acting as dynamic resistance, with the price […]
Trump’s sweeping tariff shift impact on the U.S. dollar. President Trump’s latest tariff announcement has sent shockwaves through global markets. While Wall Street’s initial reaction has been relatively muted, investors are closely watching potential carve-outs and retaliatory measures. Henrietta Treyz, Director of Economic Policy at Veda Partners, weighed in on the implications for businesses and […]
