Market Analysis – May 6 The NZDUSD pair is showing encouraging signs of a bullish continuation, following a decisive recovery from its recent decline. After plunging to the key demand level at 0.5550, the pair staged a sharp bullish reversal, signalling a renewed buying interest in the market. Although momentum briefly waned after the initial […]
Bitget Token Price Analysis – May 3 Bitget Token shows signs of weakening bullish momentum as the market consolidates around the $4.370 significant level. Both buyers and sellers appear hesitant to make decisive moves, leaving the market in an accumulation phase. BGBUSD Key Levels Support Levels: $4.200, $4.000 Resistance Levels: $4.500, $4.700 BGBUSD Long Term […]
NAS100 Analysis – May 4 NAS100 is poised to extend its rally following confirmation of a bullish breakout. The index is displaying renewed strength after validating a move to the upside. The 9-day Simple Moving Average (SMA) now has a positive slope and is positioned around $19,330, serving as dynamic intraday support. At the same […]
Market Analysis – May 5 The USDJPY currency pair recently pulled back to the significant demand level of 151.00 for a retest after breaching this zone. This move enabled sellers to short the market, resulting in a price decline to the next support level of 140.40. Following the price retest of the 140.30 demand level, […]
Market Analysis – May 2 USOil signals a downtrend, supported by weak indicators and a bearish structure. On the daily chart, the 9-day Simple Moving Average (SMA) is sloping downward and currently positioned above the price action, reinforcing the bearish momentum. The RSI (Relative Strength Index) is around 39.54, while the signal line sits at […]
Market Analysis – May 1 Gold (XAUUSD) continues to display sustained bullish momentum, holding above key support zones. The Relative Strength Index (RSI) on the daily timeframe is currently around 58.84, signaling a steady bullish bias, though easing slightly from prior overbought conditions. The 9-day Simple Moving Average (SMA), located near the $3,340 level, remains […]
FTSE 100 Analysis – April 30 FTSE 100 is showing signs of a potential reversal as bearish indicators dominate the market sentiment. The Stochastic Oscillator is deeply overbought, hovering around 98, which points to fading bullish momentum. This reading, combined with the recent sharp rally in price, indicates a probable pullback or reversal. The 9-day […]
Navigating the shifting sands of US policy. The initial months of President Trump’s second term have been marked by significant policy shifts, particularly regarding tariffs and potential tax reforms. These changes create both opportunities and challenges for forex traders. The aggressive tariff strategy implemented by the administration has introduced considerable uncertainty into the global trade […]
US30 Analysis – April 29 US30 faces rejection amid key resistance and a bearish outlook. The US30 (Dow Jones Industrial Average) daily chart indicates a bearish bias, supported by key indicators. The price is hovering just above the 9-day Simple Moving Average (SMA) around $39,610, suggesting temporary bullish momentum. However, the Stochastic Oscillator is currently […]
