The forex market continues to see strong trends with NZDCHF and EURGBP extending bearish control. However EURNZD and AUDNZD buyers sustain bullish momentum. AUDCAD sellers remain dominant, pressing prices lower. The Bollinger Band and Momentum indicators highlight key market moves, signaling potential trading opportunities. NZDCHF Major Bias – Bearish NZDCHF sellers are pushing prices lower, […]
Market Analysis – March 31 GBPUSD is showing signs of a bearish reversal following rejection from a key resistance level. The chart reveals multiple indicators pointing to a potential downward move. The 9-day Simple Moving Average (SMA) at $1.29420 is currently acting as dynamic support, but price action is struggling to sustain bullish momentum above […]
NAS100 Analysis – March 30 NAS100 is under strong bearish pressure following rejection from the supply zone. The 9-period SMA (Simple Moving Average) is currently positioned at $19,790, with NAS100 trading below it, confirming a bearish trend. The MACD (Moving Average Convergence Divergence) histogram is in negative territory at -380.40, with the signal line also […]
Market Analysis – March 28 USOil is exhibiting bearish momentum as key resistance remains firm at $70.00. Several indicators on the chart confirm this bearish outlook. The 9-day simple moving average (SMA) is positioned at $68.60, acting as dynamic support; however, price action is struggling to maintain levels above it. Additionally, the Stochastic Oscillator is […]
Market Analysis – March 27 Gold exhibits strong bullish momentum as it nears crucial resistance levels. The 9-day Simple Moving Average (SMA), currently positioned at $3,030, serves as a dynamic support level, reinforcing the prevailing uptrend. The MACD histogram remains in positive territory, with the MACD line above the signal line, indicating sustained bullish momentum. […]
FTSE 100 Analysis – March 26 The FTSE 100 index maintains its bullish momentum, consistently trading above the 9-day Simple Moving Average (SMA) at $8,660. The MACD (Moving Average Convergence Divergence) indicator has shown a slight bullish crossover, indicating potential for continued upward pressure. The MACD histogram’s movement toward positive territory reflects increasing buying momentum, […]
With the RBA interest rate meeting expectations, the GBPAUD market has posted minimal gains. The RBA interest rate remained at 4.1%, aligning with market forecasts. Consequently, this allowed the AUD to gain against the British pound, causing a slight downward retracement, though the pound remained stable. Key Price Levels Resistance Levels: 2.0800, 2.1000, 2.1100 Support […]
Market Analysis – April 1 The NZDUSD currency pair is currently experiencing a strong bearish trend as sellers gain control of the market dynamics. The bears have made significant efforts to push prices lower, especially after crossing the critical support level at 0.56740. NZDUSD Key Levels Support Level: 0.55500, 0.53600 Resistance Level: 0.58350, 0.59000 NZDUSD […]
The rate of change indicator helps you spot how fast prices are moving up or down. Think of it as a speedometer for market prices. When you know how fast prices are changing, you can make smarter trading choices and spot good times to buy or sell. In this guide, you’ll learn exactly how the […]
