NZDUSD Price Analysis – September 3 NZDUSD is gaining upward traction as buyers push the pair toward a key resistance zone. Recent momentum has lifted the price off its lows, with bullish pressure now testing an area that could decide whether the recovery extends further or stalls against stronger selling interest. The market is currently […]
Recent US inflation data showed a core PCE reading at 2.9%, above the Federal Reserve’s 2% target. This has kept investors cautious about the possibility of September rate cuts. The bond market reacted with a slight rise in long-term Treasury yields, signaling some inflation premium priced in. Senior economist Jose Torres explained that services inflation, […]
Market Analysis – September 1 GBPUSD shows weakening momentum with potential downside continuation ahead. The pair is currently displaying signs of declining strength, with price action consolidating near $1.3520 after repeated rejections around the $1.3540–$1.3630 resistance zone. The 9-day Simple Moving Average, now positioned at $1.3480, is struggling to sustain bullish traction, while the Relative […]
NAS100 Analysis – August 31 NAS100 sustains bullish sentiment with upside momentum firmly intact. The index has maintained a constructive upward trajectory, with price activity consolidating above the 9-day moving average, currently near $23,440. The RSI reading of around 56 reflects moderately bullish momentum, signaling steady buyer engagement without entering overbought conditions. This alignment of […]
The Australian Dollar (AUD) started the new trading week on a positive note, notching its fifth consecutive daily gain against the U.S. Dollar (USD). On Monday, AUD/USD climbed another 0.2%, supported by broad U.S. Dollar weakness and rising market bets that Friday’s U.S. Nonfarm Payrolls (NFP) report could reinforce the case for a Federal Reserve […]
Market Analysis – August 29 USOil signals early upside momentum with technical confirmation. The commodity is showing signs of recovery as prices remain steady above the $63.60 moving average, reinforcing a short-term bullish outlook. The RSI, currently around 47.90, reflects improving demand conditions following the recent correction. This blend of momentum and moving average positioning […]
USDJPY Price Analysis – September 1 The USDJPY market is firmly locked in consolidation, reflecting deep market indecision. Price action remains confined within a tight, well-defined range, highlighting a stalemate between buyers and sellers. Neither side shows clear conviction, and the market waits for a fundamental catalyst to spark the next move. USDJPY Key Levels […]
The EURAUD buyers may take the lead soon.The currency pair may continue its bullish correction. EURAUD Weekly Price Analysis – August 31 The EURAUD pair saw a bullish correction today. The price reversal at $1.78 resistance value may increase further as the bulls return gradually. Therefore, if all the support holds and the buy traders […]
This week’s foreign exchange market presents a diverse technical landscape. Strong bullish trends persist in AUDNZD and EURNZD, though both are approaching overbought conditions and key resistance levels. Conversely, NZDCHF remains firmly in the grip of sellers. Meanwhile, AUDCAD and EURGBP are exhibiting more consolidative price action. This signals potential for range-bound trading or an […]
