Market Analysis – October 31 USOil extends its downside trajectory amid eroding buyer conviction. The commodity maintains its prevailing bearish outlook, showing a gradual decline in momentum across both short- and medium-term structures. The 9-day Simple Moving Average (SMA), fluctuating around $60.280, currently acts as a dynamic resistance level, suppressing any meaningful upward retracement. Meanwhile, […]
The EURAUD market is bearish on both outlooks.Sell traders may take their position as desired. EURAUD Weekly Price Analysis – November 2 The EURAUD pair shows a bearish flag. The pair signals a sell trade at the current support level of $1.75 and could face further downward pressure as the bearish trend continues. The pair […]
With interest rates on both sides of the GBPAUD pair expected to remain unchanged, price action in this market may continue sliding toward lower levels. The ongoing session is represented by a green price candle, but its technical position suggests a generally bearish path. Key Levels Resistance: 2.0500, 2.1000, 2.1500 Support: 2.0000, 1.9500, 1.9000 GBPAUD […]
This week’s FX market outlook is largely tilted to the downside, with AUDNZD, EURGBP, AUDCAD, and NZDCHF all showing bearish structures after repeated failures at resistance. Sellers remain in control, pressing these pairs toward key support levels. The only exception is EURNZD, which continues to stand out on the bullish side, holding above support and […]
The USD remains firm toward the end of the trading week, holding modest gains even as momentum begins to fade. According to Scotiabank’s Chief FX Strategists, Shaun Osborne and Eric Theoret, the US Dollar Index (DXY) is hovering slightly higher overall, with the Euro (EUR) being the only major currency showing green on the day. […]
The currency pair may soon remain stable at the upside.The bulls will take the lead sooner on both outlooks. EURNZD Weekly Price Analysis – October 31 EURNZD bullish action may continue as buyers anticipate further growth, with the price continuing to ascend towards the upper channel, driven by a bullish sentiment. Amidst the market slump, […]
Market Analysis – October 30 Gold (XAUUSD) extends its upside drive as buyers regain traction. Gold remains firmly positioned within a bullish framework, with price action maintaining upward alignment across both short- and medium-term metrics. The 9-day Simple Moving Average (SMA) around $4,070 continues to guide near-term movement, serving as a pivot level for renewed […]
With the RBA interest rate decision still ahead, investors are beginning to take sides. This has continued to weigh down the GBPAUD market, causing it to extend its bearish correction further south. Let’s take a deeper dive into the market below. Key Levels Resistance: 2.0500, 2.1000, 2.1500 Support: 2.0100, 1.9500, 1.9000 GBPAUD Market Sees a […]
FTSE 100 Analysis – October 29 FTSE 100 extends its uptrend with a strong bullish confirmation signal. The FTSE 100 Index continues to display firm upward momentum, maintaining a steady bullish trajectory above the 9-day Simple Moving Average at around $9,520. This consistent positioning of price above the short-term moving average reinforces persistent buying strength. […]
