Market Analysis – May 30 EURCHF has demonstrated notable resilience as repeated bearish attempts to break below the critical 0.92550 support level continue to fail. Following April’s unsuccessful breakdown attempt, the pair entered a consolidation phase that has formed a clear descending triangle pattern on lower timeframes. This technical formation suggests the market is coiling […]
Market Analysis – May 30 USOil is facing rejection at $61.80 and is signaling a potential downside crash. The daily chart reflects increasing bearish pressure as key technical indicators continue to weaken. The 9-day Simple Moving Average (SMA) at $61.50 is trending flat to slightly lower, acting as dynamic resistance and keeping the price action […]
Here is a week analysis on interesting pairs – EURGBP, AUDCAD, NZDCHF, AUDNZD and EURNZD. The currency pairs yielded positively this week while some went flat as a result of market pressure. AUDCAD Major Bias- Bearish AUDCAD sellers are likely to continue sprinting lower after successfully breaching the 0.88460 key level. Since last week, the […]
Market Analysis – May 30 NZDUSD has experienced difficulty pushing through the resistance level of 0.60270. This has led to multiple rejections at the key level, forming repeated swing highs. The price has returned to an order block for a potential relaunch to the resistance zone. NZDUSD Key Levels Demand Levels: 0.58530, 0.56080, 0.55110 Supply […]
The EURNZD bullish run may increase Further.Buy traders might take the leading in the market soon. EURNZD Weekly Price Analysis – May 30 Amidst the market slump, the EURNZD bullish run may continue to increase further as the market price progresses towards the crucial resistance. If buy traders increase their pressure massively, and all the […]
Market Analysis – May 29 Gold (XAUUSD) is poised for a bullish breakout amid ongoing consolidation and indications of a short-term reversal. From a technical perspective, the RSI (Relative Strength Index) is hovering close to the neutral 50 mark, specifically around 50.15, signaling a potential momentum shift. The RSI has consistently formed higher lows in […]
FTSE 100 Analysis – May 28 FTSE 100 rejects resistance as downside pressure intensifies. From an indicator perspective, the Relative Strength Index (RSI) currently reads 62.3, a level that traditionally approaches overbought conditions. However, the RSI has recently begun to decline, indicating a slowdown in bullish momentum. The 9-day Simple Moving Average (SMA) is positioned […]
US30 Analysis – May 27 US30 is gaining momentum as it approaches a potential strategic upside breakout. Technical indicators suggest a favorable environment for continued bullish movement. The 9-period Simple Moving Average (SMA) is currently positioned below the price at around $42,190, indicating short-term bullish pressure. Additionally, the MACD histogram remains in positive territory, while […]
U.S. stocks tumbled sharply after President Trump threatened to impose 50% tariffs on the European Union. This has caught the investors off guard in what had been a relatively quiet trading session. The move, coupled with renewed warnings of tariffs on Apple, has rekindled fears of an escalating trade war. This seems to be the […]
