Market Analysis – June 20 USOil has rejected a key supply zone with bearish pressure beginning to intensify. After surging into the major supply area between $76 and $80, momentum indicators—particularly the Stochastic Oscillator—are signaling exhaustion, remaining firmly in overbought territory. Price action is currently stalling just above the 9-day Simple Moving Average (SMA), indicating […]
Market Analysis – June 19 Gold (XAUUSD) continues to maintain bullish momentum, supported by strong technical fundamentals. The overall directional bias remains firmly bullish, as evidenced by its consistent climb above the 9-day Simple Moving Average (SMA), which is currently trading near $3,370. Momentum indicators further support this outlook, with the Moving Average Convergence Divergence […]
Market Analysis – June 20 GBPJPY has maintained a consistent bullish structure, reaching a recent peak at 196.120 before entering a period of consolidation. This stagnation has led to the formation of a Triple Top pattern near current levels as price approaches the critical 199.360 resistance level. The development suggests potential exhaustion in bullish momentum […]
The EURNZD bulls are gaining strength and the price could go higher.The currency pair remains bullish in both outlooks. EURNZD Weekly Price Analysis – June 20 Today, the EURNZD bulls are gaining strength as the pair experiences a resurgence in its bullish trend above the supply trend line, facing high demand from buyers. From the […]
FTSE 100 Analysis – June 18 FTSE 100 is experiencing rejection at an overhead supply block amid weakening momentum. After an extended bullish run, the index now trades just below the $8,900 level, coinciding with the 9-day Simple Moving Average (SMA) at $8,850 and a significant supply zone. The Relative Strength Index (RSI) currently reads […]
US30 Analysis – June 17 US30 is setting up for further upward movement as a bullish structure continues to form. The index maintains a bullish outlook, trading above the 9-day Simple Moving Average (SMA), currently positioned around $42,620. Supporting this bias, the MACD remains in positive territory, with its signal line flattening but still above […]
Market Analysis – June 17 The AUDJPY pair retreated from the critical 95.360 level during its attempt to establish a bullish break of structure (BOS). Price action was contained by a confluence zone created by intersecting resistance and support trendlines. The pair is now poised to retest the equal highs at 95.360, where a successful […]
Market Analysis – June 17 The NZDUSD pair has demonstrated a notable but slowing bullish trajectory since its explosive breakout in April. The initial surge saw prices rally impulsively before encountering strong resistance at the 0.60180 level, prompting a significant retracement. After finding solid footing at the 0.5850 support zone, the pair resumed its upward […]
Market Analysis – June 16 GBPUSD continues to sustain its upward momentum while setting the stage for a bullish continuation. The pair maintains a solid bullish structure, trading firmly above the 9-day Simple Moving Average at $1.3550. This consistent positioning highlights a stable uptrend, with momentum indicators like the Stochastic Oscillator displaying strength—currently around 66.71 […]
