Market Analysis – March 18 NZDUSD bulls gain momentum beyond the 0.57170 key level. The New Zealand Dollar is gaining strength, as buyers successfully breach the 0.57170 resistance level and push toward 0.58100. After months of consolidation between 0.57170 and 0.55600, the bulls have finally taken control, signalling the potential for further upside movement. NZDUSD […]
Market Analysis – March 17 GBPUSD is poised for a significant downtrend amidst bearish signals. The Simple Moving Average (SMA) indicator (9-period) is currently positioned at $1.29190, slightly below the current price of $1.29340, indicating a potential reversal. Additionally, the Relative Strength Index (RSI) is hovering around 68.56, approaching the overbought threshold of 70, suggesting […]
NAS100 Analysis – March 16 NAS100 shows a positive turnaround from a crucial support area of $19,000. The 9-day Simple Moving Average (SMA) is currently positioned at $19,860, slightly above the prevailing price of $19,650, indicating that the market is working to regain upward momentum. An RSI reading of 33.50 suggests that the asset is […]
Market Analysis – March 14 USOil may experience heightened bearish momentum in the coming days. Current chart indicators suggest a continuation of this trend, with the 9-day Simple Moving Average (SMA) showing a downward trajectory around $66.820, reflecting significant selling pressure. The Relative Strength Index (RSI) stands at approximately 41.11, below the neutral 50 mark, […]
Market Analysis – March 13 Gold exhibits strong bullish momentum with the potential for a breakout. The 9-day Simple Moving Average (SMA) at approximately $2,930 acts as dynamic support, with the current price of $2,990 trading well above it. The Relative Strength Index (RSI) stands at 68.28, indicating increasing bullish momentum while approaching the overbought […]
The GBPAUD market has edged higher over the past week. However, this appears to be primarily due to weakness in the Australian economy, while the UK maintains a stable outlook. As a result, the pair climbed above the 2.0000 price level. On Friday, the market experienced a major setback as the AUD strengthened following gold’s […]
Bitcoin (BTCUSD) Bulls Continue to Gain Dominance Bitcoin bulls battle to overcome selling pressure. BTC is making a strong attempt to counter the recent sell-off, as buyers push back toward the $83,860 resistance level. After falling to $78,000 earlier this week due to investor uncertainty and market pullbacks, the bulls have stepped in to rescue […]
This week, AUDNZD and EURNZD see an influx of sellers, while EURGBP, AUDCAD, and NZDCHF attempt to regain bullish strength. Technical indicators such as the Stochastic Oscillator and Parabolic SAR highlight critical turning points. This signals potential market moves. AUDNZD Major Bias: Bearish AUDNZD is under heavy selling pressure as the bears push the price […]
Market Analysis – March 15 AUDJPY buyers are building momentum against selling pressure. The buyers are aiming to break through the 91.740 significant level. The pressure that has been built can change the entire market course. Bullish traders can leverage this atmosphere on the daily chart. AUDJPY Key Levels Support Levels: 91.740, 90.360 Resistance Levels: […]
