EUR/JPY Significant Levels Resistance Levels: 172.00, 174.00, and 176.00Support Levels: 164.00, 162.00, and 160.00 EUR/JPY Price Long-term Trend: Ranging The EUR/JPY pair surges above the moving average lines but stalls below the 174.00 barrier. Since July 28, the currency pair has been trading in a narrow range of $170 to $174.00. Doji candlesticks have dominated […]
The foreign exchange market saw significant follow-through on last week’s key technical developments. Trends have accelerated in several pairs, with breakouts and breakdowns confirming directional biases. AUDCAD Major Bias: Bullish The bullish breakout in AUDCAD has gained momentum. Following last week’s decisive move, buyers have successfully pushed the price through the 0.90679 resistance level. This […]
Market Analysis – September 11 Gold (XAUUSD) bullish trajectory is being sustained by technical and momentum factors. Gold has maintained a strong upward movement, supported by momentum indicators and short-term moving averages. Price action has remained consistently above the 9-day Simple Moving Average around $3,580, reflecting persistent buying interest. The Relative Strength Index currently sits […]
The currency pair anticipates more upside.The bulls may take the leading soon. EURAUD Weekly Price Analysis – September 14 The EURAUD pair is ready for the next upbeat trend, as usual, after updating lows. The currency pair is rising, and it may break the $1.84 resistance level if all support level holds. However, the pair […]
FTSE 100 Analysis – September 10 FTSE 100 signals downside pressure with weakening bullish momentum. The index has faced significant resistance around the $9,350 level, with recent price movements indicating a loss of upward strength. Although it is still trading above the short-term 9-day SMA, the index has struggled to maintain momentum at higher levels. […]
The EURNZD price could go higher sooner.Buyers may take control of the trend. EURNZD Weekly Price Analysis – September 12 Amid market slump, the EURNZD pair could reverse and go higher as market selling pressure is about to end. Thus, a strong buy signal for long traders would be indicated if the buy traders were […]
AUD/JPY Price Analysis – September 10 Australian Dollar is showing formidable strength against the Japanese Yen, as the AUD/JPY pair is driven by strong bullish momentum toward a critical multi-month resistance zone. Buyers are firmly in command of the price action, and robust indicator readings suggest they have the strength to challenge and potentially break […]
EUR/CHF Price Analysis – September 9th EUR/CHF pair has shifted to a bearish outlook after a decisive rejection from a key resistance zone. Sellers have taken firm control, initiating a downtrend that is confirmed by significant technical indicators. The current price action suggests that the path of least resistance is to the downside as bears […]
The Euro (EUR) is weakening against the British Pound (GBP) for a second day in a row. On Wednesday, the EUR/GBP exchange rate trades near 0.8643, recovering slightly after hitting its lowest point since late August. Markets remain cautious as traders wait for the European Central Bank’s (ECB) policy decision on Thursday, a key event […]
