Market Analysis – March 24 GBPUSD has faced rejection at a critical resistance zone, signaling a potential decline. The 9-day Simple Moving Average (SMA) is currently positioned at $1.29600, with the price now trading below it, suggesting the possibility of a bearish crossover. The Relative Strength Index (RSI) is at 62.27 and trending downward from […]
NAS100 Analysis – March 23 NAS100 is showing signs of a bullish recovery from a key support level. The 9-day SMA currently stands at $19,670, and the price is trading above it, indicating a short-term bullish trend. The RSI is at 45 and gradually rising from the oversold zone, suggesting increasing buying pressure. If the […]
Market Analysis – March 21 USOil remains under pressure as sellers continue to dominate the price action. The 9-day Simple Moving Average (SMA) at $67.250 serves as dynamic resistance, hindering any upward movement. The MACD (Moving Average Convergence Divergence) indicator reflects weak bullish momentum, with the MACD line positioned below the signal line, reinforcing a […]
The British pound is leading gains in the currency market today, while the Japanese yen lags behind. Meanwhile, European equities are in the red, and U.S. stock futures are dipping slightly. The cautious market sentiment stems from ongoing concerns over former U.S. President Donald Trump’s tariff policies. Markets Respond to Tariff Uncertainty The dollar initially […]
The Federal Reserve’s monetary policy remains in focus as shifting inflation dynamics and political pressures complicate the path forward. Atlanta Fed President Raphael Bostic recently scaled back his rate-cut expectations. He is now forecasting just one reduction this year instead of two, citing persistent inflation and the disruptive effects of new tariffs. “We’re going to […]
Market Analysis – March 20 Gold exhibits strong bullish momentum with the potential for higher targets. The 9-day Simple Moving Average (SMA) is positioned at $2,980, serving as immediate dynamic support for the ongoing bullish structure. The Relative Strength Index (RSI) is at 73.82, signaling overbought conditions, yet the bullish trend remains intact. The price […]
FTSE 100 Analysis – March 19 The FTSE 100 continues to show signs of sustained bullish momentum. Since November 2024, the index has consistently formed higher highs and higher lows. At present, it is trading above the $8,620 9-day Simple Moving Average (SMA), indicating a favorable short-term trend. Furthermore, a bullish crossover of the MACD […]
Market Analysis – March 25 NZDUSD has lost bullish momentum, with sellers piercing through the 0.57270 key level. After a brief rally in early March, buyers failed to sustain momentum, allowing bears to regain dominance. If selling pressure persists, the market could slip further toward the 0.55000 support zone. NZDUSD Key Levels: Support Levels: 0.57270, […]
This week, the forex market shows a drift in momentum as AUDNZD and EURNZD bulls regain strength, while NZDCHF and AUDCAD sellers continue to dominate. EURGBP buyers are also staging a recovery, aiming for a bullish resurgence. Key technical indicators such as MACD, Moving Average Crossings, and the Momentum indicator highlight potential price movements for […]
