In a robust show of resilience, the Canadian dollar, affectionately known as the loonie, surged against the US dollar on Friday, spurred by a trifecta of positive factors: better-than-expected employment figures, unshaken labor market stability, and a buoyant oil market. Statistics Canada revealed that the Canadian economy added a remarkable 39,900 jobs in August, handily […]
Market Analysis – September 6 FTSE 100 experiences struggle at the 7527.50 market level. The crucial level at 7527.50 has been tested four times, but each time the price has bounced back below 7400. This shows that the buyers are not confident enough to push the price higher. It also implies that the sellers are […]
Market Analysis – September 6 AUDJPY prepares for a breakout. The market experienced a strong bullish trend during the early part of June. The slope of the ADX (Average Directional Index) was positive during the period, revealing the stability of the market uptrend. Only a single down-close candle formed until the nineteenth due to the […]
Market Analysis – September 7th Gold (XAUUSD) struggles to regain bullish momentum. The loss of steam by the buyers has allowed sellers to penetrate the market. This potentially pushed the price down to the 1885.370 level. This decline in buyer momentum has significant implications for the market. Gold (XAUUSD) Market Zones Resistance Zones: 2069.480, 2004.400 […]
The U.S. dollar is on a winning streak, hitting a six-month high against a basket of currencies and reaching a 16-year peak against the Chinese yuan. This surge is propelled by robust indicators from the U.S. services sector and labor market, showcasing the resilience of the American economy amid global turbulence. The Dollar Index, gauging […]
The British pound is feeling the heat as the US dollar surges in the wake of mounting global economic uncertainties and rising oil prices. On Wednesday, the pound slumped to its lowest point in three months, hitting $1.2482 and losing 0.58% against the resurgent greenback, marking a nearly 1.43% decline for September. The dollar’s resurgence […]
Market Analysis – September 5 US 30 retreats below the 35113.90 key level. Recently, the market has faced some resistance at the 35113.90 level, which is a historical high reached last month. The buyers have failed to break above this level, despite several attempts in the past few weeks. This indicates that the bullish momentum […]
Market Analysis – September 4 NZDUSD market direction turned bearish after the MACD (Moving Averages Convergence and Divergence) indicator signaled an oversold market in late July. The bullish order block failed to hold to establish the shift in the market structure. NZDUSD Key Levels Demand Levels: 0.5990, 0.5890, 0.5740 Supply Levels: 0.6130, 0.6270, 0.6410 NZDUSD […]
Market Analysis – September 4 Nasdaq 100 (NAS100) sticks to a modest gain as the buyers are closing up to the 15894.90 key zone. The buyers are currently creating more awareness to push the price forward. However, it still appears that buyers need more confidence to pull the price up this week. If they fail […]
