The foreign exchange market is displaying a mix of corrective phases and trend indecision as we head into the last week of October. The bearish pullbacks in AUDCAD and AUDNZD are extending after rejections from key highs. Concurrently, the strong downtrend in NZDCHF shows signs of slowing, while EURNZD and EURGBP have entered consolidation phases, […]
Market Analysis – October 24 USOil sustains its downward drive after rejection within a critical supply range. The commodity continues to display a pronounced bearish inclination as valuation remains capped beneath the 9-day moving average near $58.790. The MACD profile shows a weak upward cross that remains below the neutral axis, indicating limited recovery potential […]
Market Analysis – October 23 Gold (XAUUSD) maintains an uptrend structure with a strengthening bullish outlook. The market continues to show a firm upward trajectory, with technical indicators supporting sustained buying momentum. Price action remains above the 9-day moving average at approximately $4,190, reflecting persistent demand despite a brief consolidation phase. The MACD continues to […]
The EURNZD price surge may increase Further.Buy traders might take the leading soon. EURNZD Weekly Price Analysis – October 24 Amidst the market slump, the EURNZD price could see an increase as the daily market remains above the supply level, suggesting the bulls are still dominant. If buy traders could increase their pressure massively and […]
Market Analysis – October 22 USDJPY shows renewed bullish structure and upside momentum. The market maintains a bullish trajectory as price sustains above the 9-day moving average at $151.30, supported by momentum confirmation from the MACD histogram, which has turned slightly positive. The recent rebound from the $150.90 region underscores renewed buying pressure, aligning with […]
Market Analysis – October 20 The AUDJPY daily chart currently exhibits a bearish outlook as momentum indicators align with weakening bullish sentiment. The MACD histogram has turned negative, reflecting a growing divergence between the signal and MACD lines, while the price remains positioned below the 9-day simple moving average at 98.70. This alignment underscores a […]
The GBPAUD market has recently been retreating to lower price levels. However, since the previous session, upside forces seem to have reacted to the earlier dip in the market. As a result, an upward bounce has become noticeable. While the ongoing session has maintained this course, it still reflects the lingering effect of prior bearish […]
Pound Sterling is losing ground against major currencies after the UK’s Consumer Price Index (CPI) data for September showed inflation cooling more than expected. This unexpected slowdown has sparked intense selling of the Pound Sterling, especially against the US Dollar, as markets anticipate looser Bank of England (BoE) policies. Global factors, like a stronger US […]
FTSE 100 Analysis – October 22 FTSE 100 gains fresh bullish traction toward higher resistance levels. The FTSE 100 Index has resumed its upward momentum following a brief retracement, rebounding strongly from the $9,350 support region and now trading above the short-term moving average near $9,430. The 9-day Simple Moving Average (SMA) appears to be […]
